Northwest Bank

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Northwest Bancshares, Inc.
Public company
Traded asNASDAQNWBI
S&P 600 component
IndustryBanking
Founded1896; 123 years ago (1896)
HeadquartersWarren, Pennsylvania
Key people
Ronald J. Seiffert, President & CEO
William W. Harvey, Jr., CFO
Total assetsDecrease $9.363 billion (2017)
Total equityIncrease $1.207 billion (2017)
Number of employees
2,254 (2017)
Websitewww.northwest.bank
Footnotes / references
[1]
Northwest branch footprint in the United States, centered on western Pennsylvania

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[edit]

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[edit]

  1. ^ a b c d "Northwest Bancshares, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Northwest Bancshares, Inc. Completes Merger with LNB Bancorp, Inc" (Press release). PR Newswire. August 14, 2015.
  3. ^ "Northwest to Acquire Best Insurance Agency, Inc" (Press release). PR Newswire. March 22, 2016.
  4. ^ "Northwest Bank Completes First Niagara Office Acquisition" (Press release). PR Newswire. September 12, 2016.
  5. ^ "Northwest Bank Completes Sale of Maryland Offices" (Press release). PR Newswire. May 22, 2017.