Northwest Bancshares completes acquisition of Penns Woods Bancorp

Northwest Bancshares, Inc.

Each Penns Woods share converted into 2.385 shares of NWBI common stock; fractional shares paid in cash.
Former Penns Woods CEO Richard Grafmyre appointed to Northwest and Northwest Bank boards.
Merger adds 21 branches in Pennsylvania; combined company operates 151 branches across 4 states.
Northwest to report Q2 2025 earnings July 29; conference call July 30.

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