Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 19

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 19
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spectus. See “INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE” on page 89 of this proxy statement/prospectus.

Penns Woods Bancorp, Inc.

Penns Woods
Bancorp, Inc.

300 Market Street

P.O. Box 967

Williamsport,
Pennsylvania 17703-0967

(570) 322-1111

Organized in 1983, Penns Woods Bancorp, Inc. (“Penns Woods”) was incorporated under the laws of the Commonwealth of Pennsylvania as
a bank holding company. In connection with the organization of Penns Woods, Jersey Shore State Bank (“Jersey Shore Bank”), a Pennsylvania-chartered bank, became a wholly-owned subsidiary of Penns Woods. On June 1, 2013, Penns Woods
became a multi-bank holding company when it acquired Luzerne Bank, a Pennsylvania-chartered bank (“Luzerne Bank” and together with Jersey Shore Bank, the “Subsidiary Banks”). Penns Woods’ three other wholly-owned
subsidiaries are: (i) Woods Real Estate Development Company, Inc., (ii) Woods Investment Company, Inc., and (iii) United Insurance Solutions, LLC. Penns Woods’ business has consisted primarily of managing and supervising the
Subsidiary Banks, and its principal source of income has been dividends paid by the Subsidiary Banks and Woods Investment Company, Inc.

The Subsidiary Banks are engaged in commercial and retail banking which includes the acceptance of time, savings, and demand deposits, the
funding of commercial, consumer, and mortgage loans, and safe deposit services. Utilizing a branch office network, ATMs, Internet, and telephone banking delivery channels, the Subsidiary Banks deliver their products and services to the communities
they reside in.

In October 2000, Jersey Shore Bank acquired The M Group, Inc. d/b/a The Comprehensive Financial Group (“The M
Group”). The M Group, which operates as a subsidiary of Jersey Shore Bank, offers insurance and securities brokerage services. Securities are offered by The M Group through Cetera Financial Group, a registered broker-dealer.

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