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Capital Offerings Profile
Company NameNorthwest Bancshares, Inc.
Issuer NameNorthwest Capital Trust I
Offering TypePreferred Equity
DescriptionPRF GTD TR
Currency of IssueUSD
Trading Symbol (Exchange)NWSB.P (NASDAQ)
Announcement Date10/29/2001
Trade Date11/27/2001
Settlement Date11/30/2001
Completion Date11/27/2001
Overallotment Expiration12/30/2001
Date Overallotment Exercised11/30/2001
Mandatory Redemption?Yes
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from this offering will be used for general corporate purposes.

Offer Price ($)25.00
Treasury Spread (%)3.380
Gross Amount Offered ($000)60,000
Amount Including Overallotment ($000)69,000
Minimum Denominations/Increments25/25
Shares Offered2,400,000
Total Shares Offered2,760,000

Overallotment Amount Available ($000)9,000
Overallotment Shares Available360,000
Overallotment Amount Exercised ($000)9,000
Overallotment Shares Exercised360,000

Underwriting Fees
Gross Spread ($)0.89
Gross Spread (%)3.55
Sales Concession ($)0.50
Reallowance ($)0.25

UnderwritersShares UnderwrittenAmount Underwritten($000)
Book Manager(s)
  Ryan Beck & Co., Inc.1,440,00036,000
  Janney Montgomery Scott LLC960,00024,000

Issuer's CounselLuse Gorman, PC
Underwriter's CounselThacher Proffitt & Wood, LLP
Auditor(s)KPMG LLP
Clearing House(s)Depository Trust Company

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