Northwest Savings Bank
Encyclopedia
Northwest Savings Bank is an American
commercial bank
. It was founded in Warren, Pennsylvania in 1896. Today, Northwest has 171 branches in Pennsylvania
, New York
, Maryland
, Ohio
, and Florida
. The parent company, Northwest Bancshares, has $7.0 billion dollars in assets. Northwest offers free checking, online banking, and online bill pay. In addition, it also offers 32,000 free ATMs
.
In 2009, Northwest was named in Forbes
list of 100 Most Trustworthy Companies, where they were ranked as number 54. They were also the highest ranking savings bank on the list.
On May 5, 2010, Northwest announced it was acquiring NexTier Bank
, based out of Butler, Pennsylvania
, for $20.3 million in cash. The deal will add sixteen branches, bringing Northwest's total up to 187, and increase its market share in the Pittsburgh market.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
. It was founded in Warren, Pennsylvania in 1896. Today, Northwest has 171 branches in Pennsylvania
Pennsylvania
The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, Maryland
Maryland
Maryland is a U.S. state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east...
, Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
, and Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
. The parent company, Northwest Bancshares, has $7.0 billion dollars in assets. Northwest offers free checking, online banking, and online bill pay. In addition, it also offers 32,000 free ATMs
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
.
In 2009, Northwest was named in Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
list of 100 Most Trustworthy Companies, where they were ranked as number 54. They were also the highest ranking savings bank on the list.
On May 5, 2010, Northwest announced it was acquiring NexTier Bank
NexTier Bank
NexTier Bank is a U.S.-based financial services corporation. They have fifteen branch locations in Allegheny, Butler, and Armstrong counties in western Pennsylvania.-Founding as Citizens National Bank:...
, based out of Butler, Pennsylvania
Butler, Pennsylvania
The city of Butler is the county seat of Butler County in the U.S. state of Pennsylvania, situated north of Pittsburgh. The population was 15,121 at the 2000 census.- History :...
, for $20.3 million in cash. The deal will add sixteen branches, bringing Northwest's total up to 187, and increase its market share in the Pittsburgh market.