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

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-20
Form: S-4/A
Chunk 20
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aler.

As of September 30, 2024, Jersey Shore Bank employed 244 persons, Luzerne Bank employed 65 persons, and The M Group employed 3 persons in
either a full-time or part-time capacity. Penns Woods does not have any employees. The principal officers of the Subsidiary Banks also serve as officers of Penns Woods.

Woods Investment Company, Inc., a Delaware holding company, maintains an investment portfolio that is managed for total return and to fund
dividend payments by Penns Woods.

Woods Real Estate Development Company, Inc. serves Penns Woods through its acquisition and ownership of
certain properties utilized by the Subsidiary Banks.

9

United Insurance Solutions, LLC offers property and casualty and auto insurance products
within Penns Woods market footprint. Penns Woods became the sole owner of United Insurance Solutions, LLC when it purchased the outstanding 20% minority interest on October 1, 2021.

As a registered bank holding company under the BHCA, Penns Woods is subject to supervision and regulation by the Federal Reserve. Luzerne Bank
and Jersey Shore Bank are each chartered in Pennsylvania and supervised, regulated and examined by the DoBS and the Federal Deposit Insurance Corporation (“FDIC”).

At September 30, 2024, Penns Woods had total consolidated assets of $2.26 billion, total loans of approximately $1.88 billion,
total consolidated deposits of $1.70 billion, and total consolidated shareholders’ equity of $187 million.

Penns
Woods’ common stock is traded on the Nasdaq Global Select Market under the symbol “PWOD.” Penns Woods is subject to the reporting requirements under the Exchange Act, as
amended, and, therefore, files reports, proxy statements and other information with the SEC. Further important business and financial information about Penns Woods is incorporated by reference into this proxy statement/prospectus. See
“INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE” on page 89 of this proxy statement/prospectus.

The Merger (page 64)

The Merger Agreement provides that, if all of the conditions to the closing of the Merger are satisfied or waived, Penns Woods will be merged
with and into Northwest, with Northwest surviving. Immediately following the Merger, or at such later time specified by Northwest, Luzerne Bank will merge with and into Northwest Bank, with Northwest Bank being the surviving entity (the
“Luzerne Bank Merger”). There