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

Northwest Bancshares Completes $ Acquisition of Penns Woods Bancorp Effective July 25, 2025

Neutral Impact 5 of 5 m&a Written later

Northwest Bancshares (NWBI) completed its merger with Penns Woods Bancorp effective July 25, 2025, with Penns Woods shareholders receiving 2.385 Northwest common shares for each Penns Woods share. The deal adds 21 branch locations in North Central and Northeastern Pennsylvania, bringing Northwest to 151 financial centers across Pennsylvania, New York, Ohio, and Indiana. Penns Woods CEO Richard Grafmyre joined the Northwest and Northwest Bank boards.

Key points

  • Merger completed effective July 25, 2025; Merger Agreement dated December 16, 2024
  • Each Penns Woods common share converted into 2.385 shares of Northwest common stock, with cash paid for fractional shares
  • Penns Woods' Luzerne Bank and Jersey Shore State Bank merged into Northwest Bank
  • Richard Grafmyre, former Penns Woods CEO, appointed to Northwest board; second quarter 2025 results scheduled for release after market close on July 29

The filing

CompanyNorthwest Bancshares (NWBI)
Form8-K, current report
Filed with the SECJul 28, 2025, 7:31 AM ET
Accession number0001471265-25-000123

Items reported: 2.01 Acquisition or Disposition Completed5.02 Director / Officer Change8.01 Other Events

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 July 28, 2025.

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.