Chad Wheeler joins Northwest Bank as Managing Director, Treasurer

Rhea-AI Summary

Northwest Bank (NWBI) has appointed Chad Wheeler as Managing Director and Treasurer. Wheeler brings nearly 30 years of experience in treasury and financial strategy to oversee the bank's treasury function, including interest rate management, liquidity, capital efforts, and securities investment portfolio management.

Wheeler joins from Fulton Bank, where he served as Executive Vice President and Treasurer, managing a $32 billion regional financial institution. His previous experience includes building the treasury function at Customers Bank and working at Santander Bank. At Northwest Bank, he will be responsible for ensuring regulatory compliance and risk management as the bank continues its growth trajectory.

Positive

• Appointment of highly experienced treasurer with 30 years of expertise
• Strategic hire brings experience from larger $32B institution to support growth
• Strong background in regulatory compliance and risk management

Negative

• None.

News Market Reaction – NWBI

+3.65%

1 alert

+3.65% News Effect

+$64M Valuation Impact

$1.80B Market Cap

1K Volume

On the day this news was published, NWBI gained 3.65%, reflecting a moderate positive market reaction. This price movement added approximately $64M to the company's valuation, bringing the market cap to $1.80B at that time.

Data tracked by StockTitan Argus on the day of publication.

COLUMBUS, Ohio, Sept. 18, 2025 /PRNewswire/ -- Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, announced today the appointment of Chad Wheeler as managing director, treasurer at Northwest Bank.

In this role, Wheeler will oversee the bank's growing treasury function, including managing the bank's interest rate, liquidity and capital efforts; managing the securities investment portfolio; facilitating interest rate swaps and ensuring the bank is able to meet or exceed its regulatory and risk requirements as it continues to grow.

"I am pleased to welcome Chad as a leader in Northwest Bank's finance team. Chad has a deep understanding of capital markets, the complex and evolving regulatory environment, and the diverse macroeconomic factors that have an impact on the banking sector," said Doug Schosser, Chief Financial Officer, Northwest Bank. "That knowledge will be invaluable as we continue to transform and grow as a full-service financial institution, supporting both our current and future needs."

Wheeler brings nearly 30 years of experience in treasury, balance sheet management, and financial strategy to his role as treasurer. Prior to joining Northwest, he served as Executive Vice President and Treasurer at Fulton Bank, a $32 billion regional financial institution headquartered in Lancaster, Pennsylvania. He was instrumental in shaping the Bank's strategic direction, serving as Chair of the Asset Liability Committee, Vice Chair of the Loan & Deposit Committee, and a key member of the Enterprise Risk Management Committee.

Prior to joining Fulton, Wheeler was the Treasurer at Customers Bank, where he built the treasury function from the ground up and played a central role in the institution's transition over the $10 billion asset threshold. He started his finance career with Santander Bank, N.A. (formerly Sovereign Bank) rising to Assistant Treasurer, prior to joining Customers bank.  

Wheeler earned a bachelor's degree in finance from Kutztown University in Kutztown, Pennsylvania.

About Northwest Bank 

Headquartered in Columbus, Ohio, Northwest Bancshares, Inc. is the bank holding company of Northwest Bank. Founded in 1896, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, as well as employee benefits and wealth management services

Currently, Northwest operates 151 full-service financial centers and 10 drive-up locations across Pennsylvania, New York, Ohio, and Indiana. Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global Select Market ("NWBI"). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed online at www.northwest.bank.

Forward-Looking Statements

This release may contain forward-looking statements with respect to the financial condition and results of operations of Northwest Bancshares, Inc. including, without limitation, statements relating to the earnings outlook of the Company. These forward-looking statements involve certain risks and uncertainties. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others, the following possibilities: (1) changes in the interest rate environment; (2) competitive pressure among financial services companies or instability or breakdown in the financial services sector; (3) general economic conditions including inflation, an increase in non-performing loans or changes in monetary, fiscal, regulatory and tariff policies of the U.S. government; (4) changes in legislation or regulatory requirements, including as part of the regulatory reform agenda of the Trump administration; (5) difficulties in continuing to improve operating efficiencies; (6) difficulties in the integration of acquired businesses or the ability to complete sales transactions; (7) increased risk associated with commercial real-estate and business loans; (8) changes in liquidity, including the size and composition of our deposit portfolio; (9) reduction in the value of our goodwill and other intangible assets; and (10) the effect of any pandemic, war or act of terrorism. Management has no obligation to revise or update these forward-looking statements to reflect events or circumstances that arise after the date of this release, except as required by law.

Investor Contact
Michael Perry
(814) 726-2140
Shareholderrelations@northwest.com 

Media Contact:
Ian Bailey
380-400-2423
media@northwest.com

 

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SOURCE Northwest Bank

FAQ

Who is the new treasurer of Northwest Bank (NWBI)?

Chad Wheeler has been appointed as Managing Director and Treasurer of Northwest Bank, bringing nearly 30 years of experience in treasury and financial strategy.

What is Chad Wheeler's previous experience before joining Northwest Bank?

Wheeler previously served as Executive Vice President and Treasurer at Fulton Bank, a $32 billion regional institution, and was Treasurer at Customers Bank where he built the treasury function from scratch.

What will be Chad Wheeler's responsibilities at Northwest Bank (NWBI)?

Wheeler will oversee the bank's treasury function, including managing interest rate, liquidity and capital efforts, securities investment portfolio, facilitating interest rate swaps, and ensuring regulatory compliance.

Where did Chad Wheeler work before joining Northwest Bank?

Before Northwest Bank, Wheeler worked at Fulton Bank as Executive VP and Treasurer, Customers Bank as Treasurer, and Santander Bank (formerly Sovereign Bank) as Assistant Treasurer.