NexTier Bank

NexTier, Inc. and Mars Bancorp, Inc. Complete Merger

Retrieved on: 
Tuesday, February 20, 2024

("NexTier Bank") has completed its merger, effective February 16, 2024, with Mars Bancorp, Inc. ("Mars") (OTCQX: MNBP), including its wholly-owned subsidiary, Mars Bank.

Key Points: 
  • ("NexTier Bank") has completed its merger, effective February 16, 2024, with Mars Bancorp, Inc. ("Mars") (OTCQX: MNBP), including its wholly-owned subsidiary, Mars Bank.
  • The merger of Mars into NexTier enhances NexTier's geographic footprint.
  • "Joining together with Mars Bank provides us the opportunity to expand into Mercer County", stated Clem Rosenberger, President & CEO of NexTier.
  • "Mars Bank customers will have access to enhanced deposit and lending products, digital banking solutions, and Treasury Management services.

NexTier, Inc. and Mars Bancorp, Inc. Announce Regulatory Approvals

Retrieved on: 
Tuesday, January 30, 2024

BUTLER, Pa. and MARS, Pa., Jan. 30, 2024 /PRNewswire/ -- NexTier, Inc. ("NexTier"), the holding company of NexTier Bank, N.A.

Key Points: 
  • BUTLER, Pa. and MARS, Pa., Jan. 30, 2024 /PRNewswire/ -- NexTier, Inc. ("NexTier"), the holding company of NexTier Bank, N.A.
  • "We are pleased to have received all regulatory approvals, and this allows us to complete the merger process on-time as previously disclosed to Mars Bank customers."
  • All existing Mars Bank branches will open on Tuesday, February 20th as NexTier Bank locations.
  • Promptly following completion of the Merger, Mars shareholders will receive instructions for exchanging their common stock certificates in order to receive the merger consideration of $20 per share.

Shareholder Alert: Ademi LLP investigates whether Mars Bancorp, Inc. has obtained a Fair Price in its transaction with NexTier

Retrieved on: 
Thursday, August 31, 2023

Click here to learn how to join the action https://www.ademilaw.com/case/mars-bancorp-inc or call Guri Ademi toll-free at 866-264-3995.

Key Points: 
  • Click here to learn how to join the action https://www.ademilaw.com/case/mars-bancorp-inc or call Guri Ademi toll-free at 866-264-3995.
  • In the transaction, Mars stockholders are expected to receive only $20.00 for each share of Mars common stock owned.
  • The transaction agreement unreasonably limits competing transactions for Mars by imposing a significant penalty if Mars accepts a competing bid.
  • If you own Mars common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/mars-bancorp-inc .

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates NEX, AEL, NLTX, RETA

Retrieved on: 
Thursday, August 10, 2023

If you are a NexTier shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a NexTier shareholder, click here to learn more about your rights and options .
  • If you are an American Equity shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

NEXTIER OILFIELD INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of NexTier Oilfield Solutions Inc. - NEX

Retrieved on: 
Monday, August 7, 2023

and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of NexTier Oilfield Solutions Inc. (NYSE: NEX) to Patterson-UTI Energy, Inc. (NASDAQ: PTEN).

Key Points: 
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of NexTier Oilfield Solutions Inc. (NYSE: NEX) to Patterson-UTI Energy, Inc. (NASDAQ: PTEN).
  • Under the terms of the proposed transaction, shareholders of NexTier will receive 0.7520 shares of Patterson for each share of NexTier that they own.
  • KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

NexTier Announces Timing of Second Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, June 28, 2023

HOUSTON, June 27, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its second quarter 2023 financial and operating results after market close on Tuesday, July 25, 2023.

Key Points: 
  • HOUSTON, June 27, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it will release its second quarter 2023 financial and operating results after market close on Tuesday, July 25, 2023.
  • This release will be followed by a conference call at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) on Wednesday, July 26, 2023.
  • Hosting the call will be Robert Drummond, President and Chief Executive Officer and Kenneth Pucheu, Executive Vice President and Chief Financial Officer.
  • The replay will be available until August 2, 2023.

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Conformis, Inc. (Nasdaq – CFMS), Eneti Inc. (NYSE – NETI), Franchise Group, Inc. (Nasdaq – FRG), NexTier Oilfield Solutions Inc. (NYSE – NEX)

Retrieved on: 
Monday, June 26, 2023

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • For example, the deal consideration is below the 52-week high of $9.85 for the Company’s shares.
  • Following the completion of the Exchange Offer, Cadeler and Eneti shareholders will own approximately 60% and 40% of the combined company, respectively.
  • NexTier shareholders will receive 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock owned.

IMPORTANT ALERT: Halper Sadeh LLC Investigates KDNY, BG, NEX, PTEN

Retrieved on: 
Sunday, June 25, 2023

If you are a Chinook shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Chinook shareholder, click here to learn more about your rights and options .
  • NexTier Oilfield Solutions Inc. (NYSE: NEX)’s sale to Patterson-UTI Energy, Inc. for 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock.
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

NexTier Oilfield Solutions CEO Robert Drummond and Patterson-UTI Energy CEO Andy Hendricks to Participate in a Joint Fireside Chat at the J.P. Morgan Energy, Power & Renewables Conference

Retrieved on: 
Tuesday, June 20, 2023

HOUSTON, June 20, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (the "Company") announced that Robert W. Drummond, the Company's President and Chief Executive Officer, will present at the J.P. Morgan Energy, Power & Renewables Conference on Thursday, June 22, 2023, at 1:10 p.m.

Key Points: 
  • HOUSTON, June 20, 2023 /PRNewswire/ -- NexTier Oilfield Solutions Inc. (the "Company") announced that Robert W. Drummond, the Company's President and Chief Executive Officer, will present at the J.P. Morgan Energy, Power & Renewables Conference on Thursday, June 22, 2023, at 1:10 p.m.
  • Joining Mr. Drummond will be Patterson-UTI President and Chief Executive Officer Andy Hendricks.
  • During the fireside chat, Mr. Drummond and Mr. Hendricks will discuss the recently announced plan to combine NexTier and Patterson-UTI in a merger of equals transaction.
  • This fireside chat will be accessible via webcast on the IR Event Calendar page in the Investor Relations section of the Company's website at www.nextierofs.com or by using on the following link:

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Eneti Inc. (NYSE – NETI), Franchise Group, Inc. (Nasdaq – FRG), Tessco Technologies Incorporated (Nasdaq - TESS), NexTier Oilfield Solutions Inc. (NYSE – NEX)

Retrieved on: 
Tuesday, June 20, 2023

If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.

Key Points: 
  • If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
  • Under the terms of the agreement, Eneti will merge with Cadeler A/S (“Cadeler”) (OSE - CADLR).
  • Following the completion of the Exchange Offer, Cadeler and Eneti shareholders will own approximately 60% and 40% of the combined company, respectively.
  • NexTier shareholders will receive 0.7520 shares of Patterson-UTI common stock for each share of NexTier common stock owned.