NexTier, the holding company of NexTier Bank, N.A., and Riverside Bank of Dublin, has entered into a definitive agreement whereby NexTier will acquire Riverside in a transaction that will create a tri-state community bank with total assets exceeding $3.1 billion. The agreement was unanimously approved by the boards of directors of both companies and is expected to close in the third quarter of 2026, subject to regulatory approvals, shareholder approval from Riverside, and other customary closing conditions.
NexTier Bank currently operates 32 branches across Western Pennsylvania and Rochester and Williamsville, New York, with a loan production office in Cleveland, Ohio, and reported total assets of $2.9 billion as of March 31, 2026. Riverside Bank of Dublin, which holds approximately $270 million in assets, brings strong capabilities in commercial real estate and small business lending, home-equity lending, and personalized deposit-based relationships from its base in Dublin, Ohio, one of the fastest-growing markets in the Midwest. Upon close, Riverside will be merged with and into NexTier Bank, with the combined company operating under the NexTier Bank brand.
Travis Sanders, President and Chief Lending Officer of Riverside, will join the NexTier Bank leadership team as Regional President of Columbus, Ohio following the close. The combined bank will benefit from two full-service retail locations in the Columbus market, with Riverside’s planned June 2026 opening of a new branch in Bridge Park, Dublin, Ohio, further expanding the combined organization’s footprint. NexTier said it has been invested in and partnered with Riverside since the community bank’s inception five years ago.
The transaction brings together NexTier’s commercial business expertise, treasury management product suite, and community-based culture with Riverside’s established customer relationships and lending capabilities in the Columbus market.
Support: Keefe, Bruyette & Woods served as financial advisor and Alston & Bird LLP as legal counsel to NexTier. Performance Trust Capital Partners served as financial advisor and Dinsmore & Shohl LLP as legal counsel to Riverside.
KEY QUOTES:
“NexTier has been invested in and partnered with Riverside since its inception. Collectively, they all worked together to build a community bank built on service and trust. NexTier has been proud to be associated with this outstanding organization throughout the years, and we are enthusiastic about what the future holds as we bring these two great community banks together. We are committed to continuing Riverside’s legacy of connecting with customers and delivering strong customer-focused service.”
Clem Rosenberger, President and CEO, NexTier Bank
“This is a positive step for Riverside Bank of Dublin. It allows us to continue to grow and provide stellar service to our clients. This combination creates a community bank that is focused on the ‘right things’ in one of the largest and fastest growing markets in the Midwest.”
Charles O’rin Moore, CEO, Riverside Bank of Dublin
