Northwest Bancshares Receives All Regulatory And Shareholder Approvals To Complete Penns Woods Bancorp Merger; Completion Of Merger Expected To Take Place In Late July 2025

Completion of Merger Expected to Take Place in Late July 2025

COLUMBUS, Ohio, April 23, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest")  (NASDAQ:NWBI) today announced that it has received all regulatory and shareholder approvals required to complete the previously announced merger of Penns Woods Bancorp, Inc. ("Penns Woods") (NASDAQ:PWOD) with and into Northwest and the merger of Penns Woods' wholly-owned subsidiary banks, Jersey Shore State Bank and Luzerne Bank each with and into Northwest Bank, a Pennsylvania-chartered savings bank and wholly-owned subsidiary of Northwest, with Northwest Bank as the surviving bank.