Northwest seals deal to buy parent of Lucerne and Jersey Shore banks
Northwest Bancshares Inc. (NASDAQ: NWBI) the holding company for Northwest Bank on Tuesday announced an agreement to acquire Penns Woods Bancorp. Penns Woods (NASDAQ: PWOD) is the holding company of Jersey Shore State Bank and Luzerne Bank.
Northwest Bank Parent to Acquire Penns Woods in $270 Million Deal
The holding company for Northwest Bank has agreed to acquire Penns Woods Bancorp in an all-stock deal valued at $270.3 million. Northwest Bancshares said Tuesday it would absorb Penns Woods, the holding company for Jersey Shore State Bank and Luzerne Bank, to create a combined company with a deeper presence throughout Pennsylvania.
Northwest to acquire Penns Woods Bancorp Inc.
Northwest Bancshares Inc. (Northwest), the bank holding company for Northwest Bank, and Penns Woods Bancorp Inc. (Penns Woods), the multi-bank holding company of Jersey Shore State Bank
Northwest signs $270.4m deal to acquire Penns Woods
Northwest Bancshares, the holding company for Northwest Bank, has agreed to acquire US-based Penns Woods Bancorp in an all-stock deal worth around $270.4m. Penns Woods reported $1.7bn in total deposits, about $2.3bn in assets, and $1.9bn in total loans as of 30 September 2024.
Northwest announces deal to acquire Penns Woods Bancorp
Northwest Bancshares, Inc., the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc., the multi-bank holding company of Jersey Shore State Bank and Luzerne Bank, jointly announced today that they have entered into a definitive Agreement and Plan of Merger whereby Northwest will acquire Penns Woods in an all-stock transaction valued at approximately
Northwest Bancshares Announces Agreement to Acquire Penns Woods Bancorp
Upon completion of the merger, the shares issued to Penns Woods shareholders are expected to comprise approximately 12% of the outstanding shares of the combined company. The Agreement also provides that Northwest will appoint Richard A. Grafmyre to the boards of Northwest and Northwest Bank after closing.
Northwest Bancshares lands $270 million acquisition in Pennsylvania
The Columbus, Ohio-based bank said its all-stock bid for Penns Woods Bancorp would expand its footprint and give it $1.7 billion of deposits and $1.9 billion of loans.
Northwest to acquire two banks in $270.4 million deal
The deal will add two banks with a combined 24 branches and $2.3 billion in assets to Northwest Bank's network.
Northwest Bancshares To Acquire Penns Woods In All-stock Deal - Quick Facts
Northwest Bancshares, (NWBI), the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. (PWOD), the multi-bank
Northwest Bancshares to acquire Penns Woods in an all-stock deal
Bank holding company Northwest Bancshares (NASDAQ:NWBI) is set to acquire Penns Woods Bancorp (NASDAQ:PWOD) in an all-stock transaction valued at ~$270.4M. NWBI shares were trading -1.04% Tuesday pre-market at $14.
The Scranton Times-Tribune1d
Luzerne Bank to merge with Northwest
Branches of Luzerne Bank and Jersey Shore State Bank will become part of Northwest Bank next year as part of a merger between ...
TimesObserver.com11h
Northwest announces deal with Penns Woods Bancorp
Northwest Bancshares, Inc., the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc. jointly announced ...
Ohio’s Northwest to acquire Penns Woods in $270.4M deal
Buying the holding company for Jersey Shore State Bank and Luzerne Bank will give Northwest 24 added Pennsylvania locations and create a $17 billion-asset bank.
The Times Leader1d
Luzerne County Manager holds annual public forum
Luzerne County Manager Romilda Crocamo looked back on work completed in 2024 during Monday’s annual public forum required by ...