August 27, 2014 8:24 PM ET

Banks

Company Overview of Northwest Savings Bank

Company Overview

Northwest Savings Bank offers banking and consumer finance services. The company offers consumer and commercial deposits, such as checking accounts, savings accounts, money market deposit accounts, term certificate accounts, and individual retirement accounts. Its loan portfolio comprises one- to four-family residential real estate loans, multifamily residential and commercial real estate loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts. It also offers trust, investment management, actuarial and benefit plan...

100 Liberty Street

Warren, PA 16365

United States

Founded in 1896

Phone:

814-726-2140

Fax:

814-728-7716

Key Executives for Northwest Savings Bank

Chairman
Age: 61
Chief Financial Officer and Executive Vice President of Finance
Age: 48
Chief Marketing Officer and Senior Vice President of Marketing & Operations
President of Maryland Region
Regional President of Northwest Pennsylvania
Compensation as of Fiscal Year 2014.

Northwest Savings Bank Key Developments

Northwest Savings Bank Names Maryland as President of Maryland Region

Northwest Savings Bank named Nancy May president of its Maryland region. May will manage operations of four of Northwest's full-service offices, where she will be responsible for the growth and profitability of the bank in the Pennsylvania and Maryland market. She serves as the current president of the company's eastern region of Pennsylvania.

Northwest Bancshares Inc. Announces Termination of Informal Agreement with its Primary Federal Regulator

Northwest Bancshares Inc. announced that the Bank's primary Federal regulator has terminated its existing informal agreement with the Bank related to strengthening various components of the Bank's regulatory compliance management system.

Northwest Savings Bank Introduces Royalty Manager

Northwest Savings Bank has introduced Royalty Manager at a time when royalties from Marcellus production are beginning to flow in earnest within its footprint. A new financial service, unique to Northwest Savings Bank, will help manage royalties from gas or oil production and allow royalty owners to verify their royalty dollars. Royalty Manager receives royalty payments on behalf of the customer in a convenient, private and secure manner. Royalty Manager verifies the amount of each payment, auditing the producing gas or oil company's calculations based on recent pricing, production data and relevant lease documents. Royalty Manager then automatically distributes funds according to the customer's instructions - to checking, savings, tax reserve or investment accounts, among others. Finally, the Royalty Manager customer receives detailed yet easy-to-read monthly and annual statements, which track and chart not only price and production data, but also deductions and expenses which makes for simpler and more convenient tax reporting.

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Date
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November 27, 2013
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