NexTier Bank in Butler, Pa., has tapped its chief operating officer as its next leader.
The $1.1 billion-asset bank said in a press release Monday that Clem Rosenberger will succeed Richard Krauland, 63, as its president and chief executive. Krauland will retire Aug. 12.
Rosenberger had also served as chief financial officer at Farmers National Bank of Kittanning, a NexTier predecessor.
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Richard Krauland will retire later this year as chief executive of NexTier Bank in Butler, Pa., after leading the institution through two mergers and name changes.
April 19 -
NexTier in Butler, Pa., has agreed to buy Eureka Financial in Pittsburgh.
September 3 -
Farmers & Merchants Bancorp in Lodi, Calif., has agreed to buy Delta National Bancorp in Manteca, Calif.
June 9
NexTier, which has 26 branches in Pennsylvania, recently bought Eureka Financial in Pittsburgh for
Krauland announced his retirement in April, calling it "a personal decision."
