Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 101

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 101
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 Federal Home Loan Banks, borrowings from the 
 Federal Reserve Bank, advances on existing lines of credit, sales of certificates of deposit, and entry into repurchase agreements);                                                                                                                      |

| • |     | make or purchase any indirect or brokered loans in excess of $1 million; |

| • |     | purchase from or sell to any financial institution or other                                                                                                                                   
 non-depository lender an interest in a loan in excess of $1 million, except for such credit facilities made to borrowers in the Penns Woods’ territory secured by collateral located in Penns 
 Woods’ territory in the ordinary course and consistent with past practices;                                                                                                                   |

72

| • |     | make, or commit to make, any capital expenditures that exceed by more than (5%) Penns Woods’ capital 
 expenditure budget set forth at the time of signing of the Merger Agreement;                         |

| • |     | enter into any new line of business, change in any material respect Penns Woods’ lending, investment,                                                                                                                                                    
 underwriting, risk and asset liability management and other banking and operating, securitization and servicing policies (including any change in the maximum ratio or similar limits as a percentage of its capital applicable with respect to its loan 
 portfolio or any segment thereof);                                                                                                                                                                                                                       |

| • |     | except for commitments issued prior to the date of the Merger Agreement which have not yet expired, make or                                                                                                                                               
 acquire any new loan or issue a commitment (including a letter of credit) for any new loan or renew or extend an existing commitment for any loan, or amend or modify any loan, (including in any manner that would result in any additional extension of 
 credit, principal forgiveness, or effect any uncompensated release of collateral), except (A) loans for which a commitment to make or acquire was entered into prior to the date of the Merger Agreement; and (B)(i) unsecured loans or commitments       
 for unsecured loans less than $250,000 individually, and (ii) secured loans or commitments for secured loans less than $2,000,000 individually, and (iii) loans or commitments for loans greater than $500,000 if immediately after making the            
 loan the person obtaining the loan and the person’s affiliates would have loans owed to Jersey Shore Bank and Luzerne Bank that is, in the aggregate, less than $5,000,000, in each case, in compliance with the underwriting policies and related        
 loan policies of Jersey Shore Bank or Luzerne