COLUMBUS, Ohio — 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 and Luzerne Bank, announced they have entered into a definitive…

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Northwest to acquire Penns Woods Bancorp Inc.

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The Columbus, Ohio-based Northwest Bancshares 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.

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Northwest Bancshares lands $270M acquisition in Pennsylvania

COLUMBUS, Ohio, Dec. 17, 2024 (GLOBE NEWSWIRE) — Northwest Bancshares, Inc (NASDAQ: NWBI) the bank holding company for Northwest Bank, and Penns Woods Bancorp, Inc.  (NASDAQ: PWOD), 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 $2…

citybiz

Northwest Bancshares to Acquire Penns Woods Bancorp

Columbus, Ohio-based Northwest Bancshares is expanding in north central and northeastern Pennsylvania by acquiring Williamsport-based Penns Woods Bancorp in a $270 million stock deal.  Northwest Bancshares is the holding company for Northwest Bancorp. The $2.3 billion Penns Woods Bancorp is the multi-bank holding company for Jersey Shore State Bank and Luzerne Bank. The acquisition will add two-dozen branches to Northwest Bancshares’ footprint i…

BankBeat

Ohio’s Northwest Bancshares to acquire Penns Woods Bancorp

In a significant development in the banking sector, Northwest Bancshares, Inc. (NASDAQ: NWBI), the bank holding company for Northwest Bank, announced its intention to acquire Penns Woods Bancorp, Inc. (NASDAQ: PWOD), the multi-bank holding company for Jersey Shore State Bank and Luzerne Bank, in a definitive Agreement and Plan of Merger. This strategic merger, valued at approximately $270.4 million, signals a considerable enhancement of the comb…

csimarket.com

#Northwest Bancshares to Acquire Penns Woods Bancorp in $270.4 Million All-Stock Merger

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.

bankingdive.com

Ohio’s Northwest to acquire Penns Woods in $270.4M deal

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. This move is expected to enhance the combined company’s presence in North Central and Northeastern Pennsylvania. The combined group is set to hold total assets of more tha…

Northwest to acquire Penns Woods Bancorp Inc.

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