Northwest Bancshares Completes Merger with Penns Woods

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2025.07.28 12:00
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Northwest Bancshares, Inc. has completed its merger with Penns Woods Bancorp, enhancing its presence in Pennsylvania with 21 new branches. The merger consolidates Penns Woods’ banks into Northwest Bank, rebranding all locations. Richard Grafmyre, former CEO of Penns Woods, joins the boards of Northwest and Northwest Bank. Despite a recent analyst rating of Sell for NWBI stock, Spark’s AI Analyst rates it as Outperform, citing strong financial performance and strategic initiatives. Northwest Bancshares operates 151 financial centers across multiple states and is listed on NASDAQ under NWBI.