Summary
Butler-based NexTier Inc. announced three new board directors on Wednesday, reflecting a recent infusion of capital.
The bank received regulatory approval of a capital infusion from The Snyder Group on April 14. The Kittanning family business plans to complete its investment and control 51 percent of NexTier by mid- May. Joining NexTier's board are Mark Snyder, CEO of Snyder-owned Sylvan Inc.; Mark Karenchak, chief financial officer of Snyder Associated Companies Inc.; and Richard Krauland, CEO of Farmers & Merchants Bank , Kittanning, which is two-thirds owned by The Snyder Group.See the full content of this document
Extract
Nextier Adds New Directors to Finish Deal
The inf...
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