Northwest Bancshares,Inc. (NASDAQ:NWBI) Files An 8-K Other EventsItem 8.01 Other Events
The Company has received all regulatory approvals and non-objections required to the previously announced Agreement and Plan of Merger (the “Merger Agreement”) by and among Donegal Mutual Insurance Company, Donegal Group Inc., DFSC and the Company, dated June 11, 2018. to the Merger Agreement, DFSC will merge with and into the Company, with the Company as the surviving entity. Immediately thereafter, Union Community Bank, the wholly owned subsidiary of DFSC, will merge with and into Northwest Bank, the wholly owned subsidiary of the Company, with Northwest Bank as the surviving entity. The merger is anticipated to close on or about March 8, 2019, in conjunction with a data processing conversion of the systems utilized by Union Community Bank to the systems utilized by Northwest Bank.
Item 9.01 Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) 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.