Company: NWBI
Filing Date: 2025-02-20
Form Type: S-4/A
Source: 0001193125-25-030716
Chunk: 100

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-20
Form: S-4/A
Chunk 100
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 practices, fail to follow its existing policies or practices with respect to managing its exposure to interest rate and other risk, fail to use commercially reasonable means to avoid any material increase in its aggregate exposure to interest rate 
 risk, or fail to follow its existing policies or practices with respect to managing its fiduciary risks;                                                                                                                                                |

| • |     | other than in the ordinary course, consistent with past practice, incur any indebtedness, contract for the                                                                                                                                                
 incurrence of any indebtedness, or assume, guarantee, endorse or otherwise as an accommodation become responsible for the obligations of any other individual, corporation or other entity (it being understood and agreed that incurrence of             
 indebtedness in the ordinary course, consistent with past practices shall include the creation of deposit liabilities, issuance of letters of credit, purchases of federal funds, borrowings from any of the 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;                                                                                                                   |

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| • |     | 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