Donald Shamey, president and chief executive at NexTier Bank in Butler, Pa. will retire in July after 40 years at the helm.

"It has been a great run and I am honored to have had the opportunity to lead this organization," Shamey said in a press release.

Shamey is retiring after guiding the $512 million-asset bank through tumultuous financial times and executive changes.

"I've been planning to retire for some time but wanted to see the bank return to a healthy financial status and work through a successful merger" with Farmers & Merchants Bank of Western Pennsylvania in Kittanning. "I believe that my work is done."

NexTier agreed in May 2013 to merge with Farmers & Merchantsin a deal that is expected to close in the fourth quarter. The combined bank will have roughly $1 billion in assets and 24 branches. It will operate under the NexTier name and the leadership of F&M's current president and CEO, Richard Krauland.

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