NexTier Hosts Federal Reserve Bank of Cleveland Economist

Business Wire, May 11, 2009

Will the Federal Reserve Bank Help Restore Economic Normalcy?

PITTSBURGH -- How will Federal Reserve Bank policy help lead us into a stable economy? How could this affect our region? These will be among the topics of discussion when NexTier hosts Dr. John Carlson, economist and senior advisor from the Federal Reserve Bank of Cleveland (which includes its Pittsburgh office).

The Federal Reserve Bank’s Policy Changes

Related to Current Financial “Turmoil”

• Thursday, June 4, 2009, 3 p.m. to 5 p.m.
• Pittsburgh Marriott North, 100 Cranberry Woods Dr., Cranberry Twp., PA 16066
• Reservations required by June 1; call Sue in NexTier’s Marketing Department at 724.538.2277.

This event confirms the Federal Reserve’s commitment to increased outreach. Its springboard was a recent “60 Minutes” segment featuring a pledge by Federal Reserve Board Chairman Ben Bernanke to change the enigmatic reputation that has surrounded the Fed throughout its history.

The Federal Reserve Bank of Cleveland, along with its Pittsburgh office, is one of the country’s 12 Regional Reserve Banks that, together with the Board of Governors in Washington, D.C., makes up the central bank of the United States.

NexTier Bank is in its fourth generation of leadership by the Irvine family. S J. Irvine III is Chairman of the Board, Margaret Irvine Weir is President and Donald Shamey is Chief Executive Officer. NexTier has 277 employees, 15 community offices, more than $500 million in assets, and serves the western Pennsylvania region with corporate offices in Butler and Wexford. NexTier has an additional branch location in Radnor, PA. Additional business units of NexTier, Inc. include NexTier Insurance Services, the Family Business Center at NexTier, NexTier Wealth Management, NexTier Armored Services and Radnor Trust Company.

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