Northwest Bank
 | |
| Company type | Public company |
|---|---|
| Nasdaq: NWBI S&P 600 component | |
| Industry | Banking |
| Founded | 1896 |
| Headquarters | Warren, Pennsylvania |
Key people | William J. Wagner, Chairman, President & CEO William W. Harvey, Jr., CFO, Ronald J. Seiffert, President & COO |
| Total assets |  $9.363 billion (2017) |
| Total equity |  $1.207 billion (2017) |
Number of employees | 2,254 (2017) |
| Website | www |
| Footnotes / references [1] | |
Northwest Bank is a bank headquartered in Warren, Pennsylvania. It is a subsidiary of Northwest Bancshares, Inc., a bank holding company. It operates 172 branches in central and western Pennsylvania, western New York and eastern Ohio.
History
The bank was founded in 1896 as a mutual savings bank in Bradford, Pennsylvania.[1]
In 1974, the bank moved its headquarters to Warren, Pennsylvania.
On December 18, 2009, the bank converted from a mutual savings bank to a joint stock company.[1]
In August 2015, the bank acquired Lorain National Bank.[2]
In March 2016, the bank acquired Best Insurance Agency, Inc.[3]
On September 9, 2016, the bank acquired 18 branches in western New York from First Niagara Bank.[1][4]
In May 2017, Northwest Bank exited the Maryland market by selling all 3 remaining branch locations to locally-based Shore United Bank.[5]
References
- ^ a b c d "Northwest Bancshares, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Northwest Bancshares, Inc. Completes Merger with LNB Bancorp, Inc" (Press release). PR Newswire. August 14, 2015.
- ^ "Northwest to Acquire Best Insurance Agency, Inc" (Press release). PR Newswire. March 22, 2016.
- ^ "Northwest Bank Completes First Niagara Office Acquisition" (Press release). PR Newswire. September 12, 2016.
- ^ "Northwest Bank Completes Sale of Maryland Offices" (Press release). PR Newswire. May 22, 2017.