Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 98

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 98
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 amended; and                                                                                                                                                                                                                              |

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| • |     | 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; |

| • |     | loans; |

| • |     | repurchase agreements; |

| • |     | investment securities portfolio; |

| • |     | deposit insurance; |

| • |     | intellectual property and information security; |

| • |     | Bank Secrecy Act, anti-money laundering and Office of Foreign Assets Control and customer information; |

| • |     | Community Reinvestment Act compliance; |

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| • |     | related party transactions; |

| • |     | prohibited payments; |

| • |     | receipt of Stephens’ fairness opinion; |

| • |     | absence of undisclosed liabilities; |

| • |     | occurrence of material adverse effects; |

| • |     | tax treatment of Merger; and |

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

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