Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 122

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 122
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BI and PWOD, andafter the
satisfaction or waiver (subject to applicable law) of the latest to occur of the conditions set forth in hereof (other than those conditions that by their nature can only be satisfied at the Closing, but subject
to the satisfaction or waiver thereof). The date on which the Closing occurs is referred to as the “”.

2.05.
The Subsidiary Bank Mergers.

(a) Immediately following the Parent Merger, or at such later time as NWBI may
determine, Luzerne Bank will merge with and into Northwest Bank (the “”). Northwest Bank shall be the surviving entity in the Luzerne Bank Merger and, following the Luzerne Bank Merger, the separate corporate
existence of Luzerne Bank shall cease and Northwest Bank shall survive and continue to exist as a Pennsylvania-chartered state bank. Promptly after the date of this Agreement, Northwest Bank and Luzerne Bank shall enter into an agreement and plan of
merger in substantially the form attached hereto as (the “”).

(b) Immediately following the Luzerne Bank Merger, or at such later time as NWBI may determine, Jersey Shore State Bank will merge with and
into Northwest Bank (the “”, and

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together with the Luzerne Bank Merger, the “”). Northwest Bank shall be the surviving entity in the Jersey Shore State Bank Merger and, following the
Jersey Shore State Bank Merger, the separate corporate existence of Jersey Shore State Bank shall cease and Northwest Bank shall survive and continue to exist as a Pennsylvania-chartered state bank. Promptly after the date of this Agreement,
Northwest Bank and Jersey Shore State Bank shall enter into an agreement and plan of merger in substantially the form attached hereto as (the “”, and together
with the Luzerne Bank Merger Agreement, the “”).

(c) Each of NWBI and PWOD shall
approve the Subsidiary Bank Merger Agreements and the Subsidiary Bank Mergers as the sole shareholders of each subsidiary bank, respectively. Prior to the Effective Time, PWOD shall cause Luzerne Bank and Jersey Shore State Bank, respectively, and
NWBI shall cause Northwest Bank, to execute such certificates or articles of merger and such other documents and certificates as are necessary to effectuate the Subsidiary Bank Mergers (“”). The
Subsidiary Bank Mergers shall become effective at such time and date as specified in the Subsidiary Bank