Please join us in welcoming Joe Canfield, CPA, who recently joined our team as Chief Accounting Officer. In his role, Joe will leverage his experience and expertise to lead the modernization of our accounting practices, which will allow us to better leverage automation and use data to drive insights. Learn more about Joe and his extensive background here: http://spklr.io/6045sX2D #AccountingLeadership #ForWhatsNext #WelcomeCAO
About us
For more than 125 years, Northwest Bank has been committed to bettering the lives of our employees, our customers and the communities we serve. Today, we are proudly known for the award-winning customer service we offer at locations throughout Pennsylvania, New York, Indiana and Ohio. So no matter where you are on your financial journey, Northwest Bank is here—for what’s next. Northwest Bank Member FDIC Equal Housing Lender
- Website
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http://www.northwest.com
External link for Northwest Bank
- Industry
- Banking
- Company size
- 1,001-5,000 employees
- Headquarters
- Warren, PA
- Type
- Public Company
- Founded
- 1896
- Specialties
- Personal Banking, Business Banking, Commercial Lending, Retail Lending, and Investment & Trust Services
Locations
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Primary
100 Liberty Street
Warren, PA 16365, US
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Employees at Northwest Bank
Updates
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Facing both physical and financial obstacles, Scott and Leah Adams never imagined homeownership was possible for them. But through their unwavering determination and support they received through a partnership between PathStone Indiana, First Merchants Bank and Northwest, they made their dream come true! Today, they describe owning their first home as "freedom" — a testament to their resilience and help from the Homebuyers Acquisition and Rehabilitation Program (HARP). Ready to be inspired? Read their story at http://spklr.io/6044sOrK #Homeownership #FirstTimeHomebuyer #GrantProgram
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Leading up to the World Day Against Trafficking in Persons, our five employee resource groups joined forces with Gracehaven Inc. to host a meeting with our employees, raising awareness about this critical issue. During their presentation, Gracehaven's team of educators provided tips specifically for the financial industry to help us identify red flags of potential exploitation. Based in central Ohio, the non-profit serves the community by providing sex trafficking prevention services, along with housing and empowering youth trafficking survivors. To learn how you can get involved, visit http://spklr.io/6044sJmC.
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Today we announced our second quarter 2024 earnings. The GAAP net income was $5 million or $0.04 per diluted share for the quarter. Adjusted net operating income (non-GAAP) was $35 million or $0.27 per diluted share. As previously disclosed, the Company successfully repositioned its security portfolio by selling 15% of its investment securities to provide increased future earnings. From the quarter ended June 30, 2023, average loans increased $303 million driven by commercial loans, which grew by $631 million and average deposits grew $666 million driven by a $1.1 billion increase in our average time deposits. As part of today’s announcement, the Board of Directors declared a quarterly cash dividend of $0.20 per share payable on August 14, 2024 to shareholders of record as of August 2, 2024. This is the 119th consecutive quarter in which the Company has paid a cash dividend. Read more: http://spklr.io/6043S4UX or listen here: http://spklr.io/6044S4Uk
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Congratulations to Karen Cummings , commercial real estate market executive, who was named to Buffalo Business First’s Power 200 Women list for the second year in a row. Congratulations to Karen and everyone else on this year’s list of inspiring Power 200 Women honorees! Learn more here: http://spklr.io/6045S2ec
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Exciting times are ahead for Ohio’s economy. Traditional manufacturing meets cutting-edge technology as Intel plans a $28 billion mega-site in New Albany, and in Cleveland, health care continues to drive opportunities for investments and jobs. Kevin Nelson talks about what’s driving growth in the Ohio market here: http://spklr.io/6047SsOT #Ohio #EconomicDevelopment #Manufacturing #Healthcare #Investment #Jobs
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Thinking about buying a home? Don't be discouraged by a competitive market. We’re sharing expert advice from Johnny Graves on how buyers can stand out and set themselves up for success in the current housing market. Read more here: http://spklr.io/6047SWXB #Homeownership #FirstTimeHomebuyers
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Congratulations to ESOP Finance Lead Jason Muhme, who was named as an associate member of The ESOP Association Advisory Committee on Finance. In this year-long assignment, Jason will actively contribute to content development for various publications, webinars and events. Kudos to Jason on securing this valuable opportunity to collaborate with industry peers and help develop new insights within the employee ownership field. We're confident he will make significant contributions to the committee and the broader ESOP community! #ESOP #EmployeeStockOwnershipPlan #Finance #NorthwestBank
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Whether you’re a private equity investor ready to start a leveraged buyout (LBO) or interested in learning more about the overall process, selecting the right lender is crucial for success. Dan Delgadillo dives into five key factors to consider when exploring potential sponsor finance teams for your next LBO here: http://spklr.io/6040Sbk6 #LBO #SponsorFinance
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For more than 125 years, doing what's right for people, communities and the world around us has been at the heart of who we are. We're taking the next step in this commitment with the appointment of Brenda Yurick as our new Chief Sustainability Officer, who will lead the evolution of environmental, social and governance at Northwest. Learn more here: http://spklr.io/6049SXZX #ESG #Sustainability
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