Penns Woods completes merger with Northwest Bancshares; stock to be delisted

PENNS WOODS BANCORP INC

Each PWOD share converted into 2.385 shares of NWBI common stock; total consideration ~20.6M shares.
Penns Woods merged with and into Northwest; bank subsidiaries merged into Northwest Bank.
CEO Richard A. Grafmyre appointed to Northwest board effective July 25, 2025.
PWOD common stock delisted from Nasdaq; SEC reporting obligations to be suspended.
Penns Woods directors and officers ceased as of effective time of merger.

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