Northwest Bank

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.

Northwest Bancshares, Inc.
Public company
Traded asNASDAQ: NWBI
S&P 600 component
IndustryBanking
Founded1896 (1896)
HeadquartersWarren, Pennsylvania
Key people
 Ronald J. Seiffert, President & CEO
William W. Harvey, Jr., CFO
Total assets $9.363 billion (2017)
Total equity $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

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]

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References
  1. "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.
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