Northwest Bancshares,Inc. (NASDAQ:NWBI) Files An 8-K Other EventsItem 8.01 Other Events
Northwest Bancshares, Inc. (the “Company”) and its wholly-owned subsidiary, Northwest Bank (the “Bank”), have initiated a search to hire an individual who would serve in a to-be created position of President and Chief Operating Officer. William J. Wagner, currently the Chairman, President and Chief Executive Officer of the Company and the Bank, would remain Chairman and Chief Executive Officer. The search will consider both internal and external candidates. The Company estimates that the search will take four to six months to be completed.
FORWARD-LOOKING STATEMENTS
This Current Report on Form 8-K may contain forward-looking statements regarding the future operations of the Company and the Bank. For these statements, the Company and the Bank claim the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this communication should be considered in conjunction with the other information available about the Company and the Bank, including the information in the filings each make with the SEC. Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Forward-looking statements are typically identified by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “would,” “will” and similar expressions in connection with any discussion of future operating or financial performance.
Undue reliance should not be placed on the forward-looking statements, which speak only as of the date hereof. The Company and the Bank do not undertake, and specifically disclaim any obligation, to publicly release the result of any revisions that may be made to update any forward-looking statement to reflect the events or circumstances after the date on which the forward-looking statement is made, or reflect the occurrence of unanticipated events, except to the extent required by law.
Item 9.01 Financial Statements and Exhibits
None.
About Northwest Bancshares,Inc. (NASDAQ:NWBI)
Northwest Bancshares, Inc. (Northwest) is a savings and loan holding company. The Company’s principal business consists of attracting deposits and making loans secured by various types of collateral, including real estate and other assets in the markets in which it operates. Its subsidiary, Northwest Bank, is a Pennsylvania-chartered stock savings bank. Northwest Bank is a community-oriented financial institution, offering personal and business banking solutions, investment management and trust services and insurance products. Through a subsidiary, Northwest Consumer Discount Company, it also offers consumer finance loans. Northwest Bank operates over 180 community-banking offices throughout its market. Northwest Bank also offers investment management and trust services and through its subsidiaries, actuarial and benefit plan administration services, as well as property and casualty and employer benefit plan insurance.