NexTier Bank
“Can a mid-market community bank in Pennsylvania sustain deposit share and SMB wallet share by layering third-party fintech infrastructure (Fiserv, Clover, WEX, Zelle) onto a traditional branch network?”
HQPennsylvania, US
IndustryBank / Community
The story
NexTier Bank is a community bank chartered as a National Association operating in Pennsylvania and New York. It has steadily digitized its retail and business banking offering through Fiserv's core banking and mobile platform, layered Clover-based merchant services for business clients, and deployed WEX for corporate card/fleet card fraud protection. The bank has not made a pivot toward fintech or BaaS; its embedded finance investments are vendor-enabled upgrades to a traditional community banking model.
Last 12 months
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Product timeline
2021
Launched CardBoss debit card management app for personal customers.· card
Regulated entities
National Bank Charter
US
NexTier Bank, National Association
The stack
Payments / PSP
Banking / BaaS
Card issuing
Lending
MortgageConsumer LoansHome Equity LoansBusiness Term LoansCommercial Real Estate LoansConstruction LoansLines of CreditLetters of CreditMunicipal LendingEquipment LoansRevolving Lines of Credit
Accounting
Accounting gap: minor