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AI brief of an SEC Form 8-K · Northwest Bancshares (NWBI)

Northwest Bancshares agrees to merge with Penns Woods Bancorp in stock deal

Neutral Impact 5 of 5 m&a Written later

Northwest Bancshares, Inc. signed an Agreement and Plan of Merger with Penns Woods Bancorp, Inc. on December 16, 2024, under which Penns Woods will merge into Northwest. Penns Woods shareholders would receive 2.385 Northwest common shares for each Penns Woods share, and the merger is expected to close in the third quarter of 2025, subject to shareholder, regulatory and other closing conditions.

Key points

  • Exchange ratio: each Penns Woods common share converts into 2.385 Northwest common shares.
  • Expected closing: third quarter of 2025, pending shareholder approval and regulatory approvals, including the Federal Reserve Board.
  • Penns Woods director Richard A. Grafmyre to join Northwest's board at the Effective Time.
  • Penns Woods may owe Northwest a $10 million termination fee under specified circumstances.

The filing

CompanyNorthwest Bancshares (NWBI)
Form8-K, current report
Filed with the SECDec 20, 2024, 8:15 AM ET
Accession number0001471265-24-000142

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 20, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.