Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 99

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 99
---
west has made customary representations and warranties in the Merger Agreement relating to:

| • |     | corporate organization, standing and authority; |

| • |     | capital structure; |

| • |     | no ownership of Penns Woods’ common stock; |

| • |     | corporate authority and enforceability of the Merger Agreement; |

| • |     | consents and regulatory approvals; |

| • |     | compliance with SEC reporting requirements; |

| • |     | financial statements, material adverse effect, and internal controls; |

| • |     | regulatory matters; |

| • |     | litigation; |

| • |     | compliance with laws; |

| • |     | brokerage and finder’s fees; |

| • |     | takeover laws; |

| • |     | tax treatment of Merger; |

| • |     | absence of material adverse effect; |

| • |     | taxes and tax returns; and |

| • |     | absence of untrue statements or omissions of material fact. |

Penns Woods’ Conduct of Business Pending the Merger From the date of the Merger Agreement until the Effective Time of the Merger, except as expressly contemplated or permitted by the Merger Agreement or as disclosed in the Penns Woods disclosure schedule, as required by law, or required by an applicable regulatory order, without the prior written consent of Northwest, Penns Woods shall not, and shall cause its subsidiaries not to:

| • |     | conduct the business of Penns Woods 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 on Penns Woods’ 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, or enter into any new line of business or materially change its lending, investment, underwriting, risk, asset liability management or other banking and operating policies, except as required by 
 applicable law or policies imposed by any governmental authority or by any applicable regulatory order;                                                                                                                                               |

70

| • |     | enter into any agreement or amendment to the equity incentive plan or employee stock purchase plan except as 
 required by the Merger Agreement, with respect to the foregoing;