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The fourth-generation president of NexTier Bank in Butler, Pa., has resigned in order to accept a senior position with the Federal Home Loan Bank of Pittsburgh.
October 7 -
NexTier Bank in Butler has agreed to acquire Farmers & Merchants Bank of Western Pennsylvania in Kittanning.
May 7 -
Enforcement actions relating to anti-money laundering rules and the Bank Secrecy Act were a prominent theme in the Office of the Comptroller of the Currency's monthly round-up of orders issued from late August through September.
October 18
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
"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
