Social media sharingEmail pagePDF viewPrint view
Entire IR Site Press Releases Only Filings Only
Capital Offerings Profile
Company NameNorthwest Bancshares, Inc.
Offering TypeCommon Stock - Best Efforts
DescriptionCommon stock, $0.01 par value
Currency of IssueUSD
Trading Symbol (Exchange)NWBI (NASDAQ)
Announcement Date4/1/2003
Completion Date8/25/2003
Mandatory Redemption?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds will be used for general corporate purposes. The Company may use the funds to finance the acquisition of financial institutions or branches or other financial service companies, including the acquisition of First Bell Bancorp, to fund the loan to company's employee stock ownership plan, to fund company's restricted stock plan, to pay cash dividends and to repurchase shares of common stock.

Offer Price ($)15.85
Gross Amount Offered ($000)115,000
Amount Including Overallotment ($000)115,000
Shares Offered7,255,520
Total Shares Offered7,255,520

UnderwritersShares UnderwrittenAmount Underwritten($000)
Selling Agent(s)
  Ryan Beck & Co., Inc.7,255,520115,000

Issuer's CounselLuse Gorman, PC
Underwriter's CounselSilver, Freedman, Taff & Tiernan LLP
Auditor(s)KPMG LLP

Copyright2020,© SNL Financial LC   Terms of Use

Do you want to view only the webpage content that was delievered securely?

This webpage contains content that will not be delievered using a secure HTTPS connection, which could compromise the security of the entire webpage.