Northwest Bancshares, Inc. Merger with Penns Woods Bancorp, Inc. Receives Regulatory and Shareholder Approval
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2025
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Source: PRnewswire
Merger Completion Timeline: Northwest Bancshares, Inc. has received all necessary regulatory and shareholder approvals to complete its merger with Penns Woods Bancorp, Inc., expected to finalize in late July 2025.
Regulatory Approvals: The merger has been approved by the Federal Deposit Insurance Corporation, the Pennsylvania Department of Banking and Securities, and the Federal Reserve Bank of Cleveland, allowing for the integration of both companies and their subsidiary banks.
Analyst Views on NWBI
About NWBI
Northwest Bancshares, Inc. is a bank holding for Northwest Bank (the Bank). Northwest Bank is a Pennsylvania-chartered savings bank. The Bank is a full-service financial institution which offers a complete line of business and consumer banking products, as well as employee benefits and wealth management services. The Bank operates approximately 151 full-service financial centers and eight drive-up locations across Pennsylvania, New York, Ohio, and Indiana. Its principal lending activities are the origination of loans secured by first mortgages on owner-occupied, one-to-four-family residences, shorter-term consumer loans, and commercial business and commercial real estate loans. It offers other consumer loans, such as direct and indirect automobile loans, sales finance loans, credit card loans, and others. Its principal sources of funds are personal and business deposits, borrowed funds and the principal and interest payments on loans and marketable securities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
