NexTier has agreed to acquire Riverside Bank of Dublin, with the merger creating a community bank with more than $3.1bn in assets.
Financial specifics of the deal remain undisclosed.
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Once the deal is completed, Riverside will be absorbed into NexTier Bank.
The combined business and all branches will operate under the NexTier Bank name.
Under the planned management structure, Travis Sanders, currently Riverside’s president and chief lending officer, is set to join NexTier Bank’s leadership group as regional president for Columbus, Ohio, after the merger closes.
As of 31 March 2026, NexTier Bank had 32 branches and assets of $2.9bn.
Riverside Bank had about $270m in assets at the same date.
NexTier Bank CEO and president Clem Rosenberger said: “NexTier has been invested in and partnered with Riverside since its inception. I have appreciated working with the employees and board members throughout those years. 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 organisation throughout the years, and we are enthusiastic about what the future holds as we bring these two great community banks together.”
Riverside’s business includes commercial real estate and small business lending, home equity lending and deposit relationships.
The boards of both companies approved the agreement unanimously.
Closing is expected in the third quarter of 2026, subject to regulatory clearance, other standard closing requirements and approval by Riverside Bank of Dublin shareholders.
Riverside CEO Charles O’rin Moore commented: “This is a positive step for Riverside Bank of Dublin. It allows us to continue to grow and provide stellar service to our clients. Riverside’s planned June 2026 opening of a new branch location in Bridge Park (Dublin OH), will enhance the combined bank by providing tools to greatly increase positive results to the customers and communities we serve.”
