Company: NWBI
Filing Date: 2025-02-24
Form Type: 424B3
Source: 0001193125-25-033488
Chunk: 100

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-24
Form: 424B3
Chunk 100
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 Time, except as expressly contemplated or permitted by the Merger Agreement or required by law or required by an applicable regulatory order, without the prior written consent of Penns Woods, Northwest shall not, and shall cause its subsidiaries not to:

| • |     | conduct the business of Northwest and its subsidiaries other than in the ordinary and usual course or fail to use                                                                                                                                      
 reasonable efforts to preserve intact their respective business organizations and assets and maintain their respective rights, franchises and existing relations with customers, suppliers, vendors, employees and business associates, or voluntarily 
 take any action which, at the time taken, is reasonably likely to have an adverse effect upon Northwest’s ability to perform any of its obligations under the Merger Agreement or prevent or materially delay the consummation of the transactions     
 contemplated by the Merger Agreement;                                                                                                                                                                                                                  |

| • |     | amend the Northwest governing documents in a manner that would adversely affect the holders of Penns Woods common       
 stock, or adversely affect the holders of Penns Woods common stock relative to other holders of Northwest common stock; |

| • |     | not take, or fail to take, any action that would reasonably be expected to prevent or impede the Merger from    
 qualifying as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code, as amended; |

| • |     | take any action that is intended or is reasonably likely to result in any of its representations or warranties                                                                                                                                       
 set forth in the Merger Agreement becoming materially inaccurate at any time at or prior to the Effective Time, any of the conditions to consummation of the Merger in the Merger Agreement not being satisfied, a violation of any provision of the 
 Merger Agreement except, in each case, as may be required by applicable law or by any governmental authority, or a delay in the consummation of the transactions contemplated by the Merger Agreement; or                                            |

| • |     | agree or commit to do any of the foregoing. |

Expenses of the Merger Northwest and Penns Woods are each required to bear their own expenses incurred by it in connection with the Merger Agreement and the transactions contemplated by the Merger Agreement. Termination of the Merger Agreement Termination by mutual consent. Northwest and Penns Woods may mutually consent to terminate the Merger Agreement and abandon the Merger at any time before the Merger is effective, if the boards of directors of Northwest and Penns Woods both approve the termination by vote of a majority of the members of their