Company: NWBI
Filing Date: 2025-02-24
Form Type: 424B3
Source: 0001193125-25-033488
Chunk: 95

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-24
Form: 424B3
Chunk 95
---
 common stock do not represent United States real property interests within the meaning of Section 897 of the Internal Revenue Code and the Treasury Regulations promulgated thereunder; |

| • |     | there must not have been any condemnation, eminent domain or similar proceedings commenced or threatened in                                                                           
 writing by any governmental authority with respect to any real estate owned by Penns Woods or any of its subsidiaries, including real estate acquired in connection with foreclosure; |

| • |     | Northwest must have received a written opinion from its counsel dated as of the Effective Date, to the effect                                                                                                                             
 that, on the basis of facts, representations and assumptions set forth or referred to in the written opinion, the Merger will qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as 
 amended; and                                                                                                                                                                                                                              |

68

| • |     | receipt of executed releases in a form mutually agreed upon by Northwest and Penns Woods for Penns Woods                                                                           
 employees subject to certain executive employment agreements stating that all amounts due and any obligations under each agreement have been fully paid, fulfilled, and/or waived. |

Northwest or Penns Woods can waive in writing any of the conditions listed above, unless the waiver is prohibited by law. Representations and Warranties Penns Woods has made customary representations and warranties in the Merger Agreement relating to:

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

| • |     | capital structure; |

| • |     | 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; |

| • |     | litigation; |

| • |     | regulatory matters; |

| • |     | compliance with laws; |

| • |     | material contracts and any associated defaults; |

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

| • |     | employee benefit plans and employee matters; |

| • |     | labor matters; |

| • |     | takeover laws; |

| • |     | environmental matters; |

| • |     | tax matters; |

| • |     | use of risk management instruments; |

| • |     | books and records; |

| • |     | insurance; |

| • |     | title to real property and assets; |

| • |