Matthew Bower joins Northwest Bank in newly created role of Managing Director, Wealth Management
Rhea-AI Summary
Northwest Bank (NWBI) has appointed Matthew Bower as Managing Director, Wealth Management in a newly created role. Bower will lead a team of over 100 associates and oversee the bank's wealth management offerings, including private banking, investment management, estate planning, and trust services.
Bower brings 25+ years of experience in wealth management, most recently serving as EVP and Chief Wealth Officer at C&N Bank, where he managed $1.7 billion in assets and drove double-digit annual revenue growth. His prior roles include leadership positions at PNC Financial Services and Bank of America's private bank.
Positive
- Strategic expansion of wealth management services with new leadership role
- Appointment of highly experienced executive with proven track record of double-digit revenue growth
- Management of significant portfolio ($1.7B AUM at previous position)
- Strong team of 100+ wealth management associates already in place
Negative
- None.
Bower will lead efforts to enhance and grow the bank's existing wealth management offerings, driving strategic growth and client value
In this newly created role, Bower will lead Northwest's wealth management team of more than 100 associates, with a focus on enhancing and growing its offerings, which currently include private banking, investment management, estate planning, and trust services. This new leadership role is key to strengthening collaboration across the business to better serve the needs of Northwest Bank's clients and future clients with more tailored solutions.
"I'm pleased to welcome Matthew as the leader of Northwest Bank's wealth management team," said Urich Bowers, Chief Consumer Banking and Strategy Officer, Northwest Bank. "Matthew's deep experience in building and developing teams while cultivating long-term client relationships at both large-scale and community banks will be invaluable as we look to accelerate the growth of our wealth management business."
"Joining Northwest Bank at this pivotal moment in its growth presents an exciting opportunity to shape the future of its wealth management business," said Matthew Bower, Managing Director, Wealth Management, Northwest Bank. "I look forward to working with the team to build on the strong foundations of its existing wealth management business, as well as expand our services, deepen our presence in existing markets, and identify new opportunities to support our clients' evolving needs."
Bower brings more than 25 years of experience in wealth management, trust advisory, and private banking to Northwest. Most recently, he served as executive vice president and chief wealth officer for C&N Bank, headquartered in
Prior to C&N, Bower had served as the head of wealth management for PNC Financial Services' Southeast Market spanning
Bower earned a Master of Jurisprudence in finance and risk management from Texas A&M University School of Law and a bachelor's degree in political science and urban and regional planning from Florida State University.
About Northwest Bank
Headquartered in
Currently, Northwest operates 151 full-service financial centers and ten drive-up locations across
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
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