Northwest Bancshares receives approvals for merger with Penns Woods Bancorp

Merger Approval: Northwest Bancshares has received all necessary regulatory and shareholder approvals to merge with Penns Woods Bancorp and its subsidiary banks, Jersey Shore State Bank and Luzerne Bank.

Completion Timeline: The merger is expected to be finalized by late July following approvals from the Federal Deposit Insurance Corporation, Pennsylvania Department of Banking and Securities, and a waiver from the Federal Reserve Bank of Cleveland.