Northwest Bancshares, Inc. Announces Branch Optimization Plan
09/14/2020 - 04:01 PM
WARREN, Pa. , Sept. 14, 2020 /PRNewswire/ -- On September 14, 2020 , Northwest Bancshares, Inc. (the "Company") announced plans to optimize its branch network as part of its ongoing efforts to accommodate changing customer behaviors while also recognizing operating efficiencies. The Company plans to close 42 of its 205 full-service offices, or approximately 20% , throughout its footprint, one free-standing drive-through and one business office beginning Monday, December 14 through Friday, December 18, 2020.
In making this announcement, Ronald J. Seiffert , Chairman, President and CEO, noted, "Our customers' banking preferences continue to evolve to favor a more digital banking experience and the COVID-19 pandemic has magnified and accelerated these preferences. This branch optimization plan reflects our ongoing efforts to ensure we are well positioned in our industry to provide the community bank experience that is valued by our customer base while also enhancing our strong digital and mobile banking presence. We are confident in the abilities of our dedicated employees to continue to provide our loyal customers and communities the award-winning services they deserve."
In connection with this plan, the Company anticipates approximately $12 million $13 million
About Northwest Bancshares, Inc.
Headquartered in Warren, Pennsylvania , Northwest Bancshares, Inc. is the 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, employee benefits and wealth management services, as well as the fulfillment of business and personal insurance needs. The Company operates 205 full-service community banking offices and eight free standing drive-through facilities in 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.com
http://www.prnewswire.com/news-releases/northwest-bancshares-inc-announces-branch-optimization-plan-301130250.html
SOURCE Northwest Bancshares, Inc.
NWBI Rankings
#3910 Ranked by Stock Gains
NWBI Stock Data
Industry
Savings Institutions
Sector
Finance and Insurance
Tags
Finance, Savings Banks, Finance and Insurance, Savings Institutions
Country
US
City
Columbus
About NWBI
if you’re looking for a customer-centric, community-oriented bank, look to northwest. we’re a bank that knows how important our people are, and it shows in everything we do. from the teller who greets you at the drive-up window to the personal banker who helps you with your first home loan, we go out of our way to put our customers first. we operate across pennsylvania, new york, and ohio - if you’re ever in our area, stop by one of our locations and speak with our friendly staff. founded in 1896, we’ve been around 120 years. that type of longevity proves that we’re a trusted institution with a history of award-winning customer service. we offer products and services to fit your diverse banking needs. from checking and savings accounts to business loans and retirement accounts, we think you’ll like what we have to offer. we’re a subsidiary of northwest bancshares, inc. find us on the nasdaq global select market under the symbol nwbi.
