NexTier Bank expands with Mars Bancorp merger
- ByInvesting.com
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Mars Bancorp, Inc., through its subsidiaries, provides customer and commercial banking products and services for individuals, families, and businesses in Pennsylvania. Its deposit products include non-interest and interest-bearing checking, statement and passbook savings, NOW, and money market accounts; and certificates of deposit. The company also offers residential mortgages; commercial mortgages comprising loans to commercial customers for self-use or income-producing commercial or residential real estate; commercial and industrial loans to finance the activities of commercial customers; auto, personal, and educational loans; home equity and small business loans; mortgage refinance; and letter of credit, as well as credit cards and investment securities. In addition, its commercial banking services include business loans/borrowings, treasury management, merchant, and municipal financing services; and business loans, such as business term loans, commercial lines of credit, commercial real estate, equipment financing and leasing, and public financing solutions. Further, the company provides real estate settlement services and title insurance products; remote deposit capture, wire transfers, automated clearing house, positive pay, and line of credit sweep services; and online and mobile banking services. The company was formerly known as Mars National Bancorp, Inc. and changed its name to Mars Bancorp, Inc. in June 2017. Mars Bancorp, Inc. was founded in 1900 and is headquartered in Mars, Pennsylvania. As of February 16, 2024, Mars Bancorp, Inc. operates as a subsidiary of NexTier Incorporated.