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Capital Offerings Profile
Company NameNorthwest Bancshares, Inc.
Offering TypeCommon Stock - Best Efforts
DescriptionCommon stock, $0.01 par value
ISINUS6673401039
Currency of IssueUSD
Trading Symbol (Exchange)NWBI (NASDAQ)
 
Announcement Date4/1/2003
Completion Date8/25/2003
 
144a?No
Mandatory Redemption?No
Convertible?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.

Pricing
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

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

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