Northwest Bancshares Acquires Penns Woods Bancorp
July 28, 2025
Northwest Bancshares, Inc. completed its merger with Penns Woods Bancorp, Inc., effective July 25, 2025, folding Penns Woods and its subsidiary banks into Northwest and Northwest Bank. The deal adds 21 branch locations across north-central and northeastern Pennsylvania and expands Northwest's retail footprint to 151 financial centers; Penns Woods CEO Richard A. Grafmyre was appointed to Northwest's board.
- Buyers
- Northwest Bancshares, Inc.
- Targets
- Penns Woods Bancorp, Inc.
- Industry
- Financial Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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