Corporate Profile NORTHWEST BANCSHARES, INC. (NASDAQ - NWBI)
Market Value ($M)
$ (0.05) (0.40) %
As of May 23, 2013 12:26 PM Minimum 20 minute delay.
Northwest Bancshares, Inc. (the "Company") is a Federally-chartered savings and loan holding company regulated by the Board of Governors of the Federal Reserve System. The Company is the succesor to Northwest Bancorp, Inc. as a result of the December 18, 2009 mutual-to-stock conversion of Northwest Bancorp, MHC. The Company operates Northwest Savings Bank, a Pennsylvania-chartered savings bank headquartered in Warren, Pennsylvania. Through this subsidiary, the Company operates community-banking locations in Pennsylvania, northeastern Ohio, western New York, and Maryland. The Company also operates Northwest Consumer Discount Company, a consumer finance company with offices in Pennsylvania, Boetger & Associates, an actuarial and employee benefit consulting firm, Veracity Benefits Design, Inc., an employee benefits insurance agency, and Northwest Financial Services, a full and discount brokerage service.
The Company has operated as a community-oriented financial institution since 1896, and has demonstrated a pattern of sustained expansion resulting from strong internal growth combined with a series of mergers, acquisitions, and new office openings.
The Company’s business emphasis is to:
• Solicit personal and business deposits as a primary source of funding.
• Provide high quality personal banking and business banking loans in its markets.
• Offer trust, investment management, employee benefit plans, and brokerage services with a personal touch to individuals, businesses and charitable institutions.
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
NOTICE: Northwest Savings Bank is not responsible for and has no control over the subject matter, content, information, or graphics of the web sites that have links here. The portal and news features are being provided by an outside source - The bank is not responsible for the content. Please contact uswith any concerns or comments. Investment, annuity and insurance products: i) are not deposits or other obligations of, nor are they guaranteed by, Northwest Savings Bank or its affiliates; ii) are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other agency of the United States or by Northwest Savings Bank or its affiliates; and iii) are subject to investment risks, including the possible loss of value.