Rosenberger

KITTANNING — NexTier Bank has a new president and chief executive officer to succeed outgoing CEO Richard Krauland, who retires this month.

The bank has named Clem Rosenberger, a 19-year-veteran of the financial services industry, to the top executive post, the bank announced today,

He is expected to take over in mid-August.

Krauland will retire on Friday, and Rosenberger will serve as acting CEO pending board approval at the end of the month.

Rosenberger, who previously was the chief operating officer of both NexTier and Farmers & Merchants banks, and the chief financial officer of Farmers National Bank, said he looks forward to leading the company.

“NexTier has grown substantially over the past decade, through a combination of acquisitions and organic growth due to its strong ownership group, senior management and staff,” Rosenberger said.

He also was an internal auditor for S.R. Snodgrass while earing his certification as a certified public accountant. He is a graduate of the American banker Association's National and Graduate Commercial Lending Schools.

He has a bachelor of arts degree in accounting from Harding University.

NexTier Bank serves Butler, Armstrong and Allegheny counties with corporate offices in Kittanning and 26 branch offices.