Form 8-K Northwest Bancshares, For: Jul 16
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 16 2015
Northwest Bancshares, Inc.
(Exact name of registrant as specified in its charter)
Maryland |
|
1-34582 |
|
27-0950358 |
(State or other jurisdiction |
|
(Commission File No.) |
|
(I.R.S. Employer |
of incorporation) |
|
|
|
Identification No.) |
100 Liberty Street |
|
|
Warren, Pennsylvania |
|
16365 |
(Address of principal executive office) |
|
(Zip code) |
Registrants telephone number, including area code: (814) 726-2140
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Item 5.02 Departure of directors or certain officers; Election of directors; Appointment of certain officers; Compensatory arrangements of certain officers
On July 16, 2015, Northwest Bancshares, Inc. (the Company) announced that Robert M. Campana has been selected to serve on the Board of Directors of the Company and Northwest Bank, effective upon completion of the merger of LNB Bancorp, Inc. and Lorain National Bank with and into the Company and Northwest Bank. No determination has been made as to any board committees on which Mr. Campana may serve. Mr. Campana is not a party to a transaction with the Company or Northwest Bank which would require disclosure under Item 404(a) of Regulation S-K. Mr. Campana will be eligible to participate in any compensation and benefit plans applicable to directors of the Company and Northwest Bank. A copy of the Press Release is attached as Exhibit 99.1 to this Current Report.
Item 8.01 Other Events
On July 16, 2015, the Company issued a press release announcing Kevin W. Nelson has been named Ohio Region President, effective upon completion of the merger of LNB Bancorp, Inc. and Lorain National Bank with and into the Company and Northwest Bank. A copy of the Press Release is attached as Exhibit 99.2 to this Current Report.
Item 9.01 Financial Statements and Exhibits
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits
Exhibit No. |
|
Description |
99.1 |
|
Press release dated July, 16, 2015 |
99.2 |
|
Press release dated July, 16, 2015 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
|
|
NORTHWEST BANCSHARES, INC. | ||
|
|
| ||
|
|
| ||
DATE: |
July 20, 2015 |
|
By: |
/s/ William W. Harvey, Jr. |
|
|
|
William W. Harvey, Jr. | |
|
|
|
Chief Financial Officer | |
EXHIBIT 99.1
PRESS RELEASE OF NORTHWEST BANCSHARES, INC.
FOR IMMEDIATE RELEASE
Contact: Melanie Clabaugh
814.728.7328
www.northwest.com
NORTHWEST BANCSHARES, INC. SELECTS ROBERT CAMPANA TO SERVE AS DIRECTOR FOLLOWING MERGER WITH LNB BANCORP, INC. AND LORAIN NATIONAL BANK
WARREN, PA, July 15, 2015Northwest Bancshares, Inc., the parent company of Northwest Bank, announced today that its board of directors has selected Robert Campana to serve as a director, effective upon the completion of the merger of LNB Bancorp, Inc. and Lorain National Bank with and into Northwest Bancshares, Inc. and Northwest Bank. Mr. Campana will also serve as a director of Northwest Bank. Mr. Campana currently serves as a director of both LNB Bancorp, Inc. and Lorain National Bank. The merger is expected to be completed August 14, 2015.
Mr. Campana has been a director of LNB Bancorp, Inc. and Lorain National Bank (LNB) since 1997. He has served on the executive, loan and compensation committees and currently is the chairman of the compensation committee. Mr. Campana will bring his extensive business experience and intimate knowledge of Lorain County and the west Cleveland suburbs to the Northwest Board.
Mr. Campana is the former president of P. C. Campana, Inc., Lorain, OH and former managing director of Camp-Hill Corporation, McKeesport, PA and Bellville Tube, Houston, TX. Currently, Mr. Campana is the president of Campana Capital, a real estate development and private equity investment organization located in Lorain, OH.
Active in the community, Mr. Campana has volunteered his time and leadership to a variety of organizations, including Mercy Health, Lorain County Metro Parks, Team Lorain County and 100 Men of Lorain County.
In making the announcement, William J. Wagner, Chairman, President and CEO of Northwest Bancshares, Inc. stated Northwests Board of Directors feels fortunate that someone of Bob Campanas stature and reputation will join our Board. His business acumen and experience as an LNB Board member will be a great asset as we advance Northwests tradition of sustained growth, community leadership and excellence in customer service. His intimate life-long knowledge as both a resident and a business leader in Lorain County and the western suburbs of Cleveland will provide insight and direction to Northwest, as we expand our presence in the market and further the community banking traditions established by Lorain National Bank.
Northwest operates 161 community banking locations in Pennsylvania, New York, Ohio and Maryland. Founded in 1896, Northwest is a full-service financial institution offering a complete line of personal and business banking products including employee benefits, investment management services, insurance and trust. Northwest Bancshares, Inc. is the holding company of Northwest Bank and is listed on the NASDAQ Global Select Market as NWBI. More information about Northwest can be found online at www.northwest.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as believe, expect, anticipate, intend, continue, prospects or potential, by future conditional verbs such as will, would, should, could or may, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements. Actual results may differ materially from current projections.
In addition to factors previously disclosed in Northwest Bancshares reports filed with the U.S. Securities and Exchange Commission, the following factors among others, could cause actual results to differ materially from forward-looking statements: ability to meet the closing conditions to the merger on the expected terms and schedule; delay in closing the merger; difficulties and delays in integrating LNB Bancorps business or fully realizing cost savings and other benefits; business disruption following the merger; customer acceptance of Northwest Bancshares products and services; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; and economic conditions.
###
EXHIBIT 99.2
PRESS RELEASE OF NORTHWEST BANCSHARES, INC.
FOR IMMEDIATE RELEASE
Contact: Melanie Clabaugh
814.728.7328
[email protected]
www.northwest.com
NORTHWEST NAMES KEVIN NELSON TO BE OHIO REGION PRESIDENT
WARREN, PA, JULY 16, 2015 Northwest Bancshares, Inc. and Northwest Bank announced today, that in conjunction with their merger of LNB Bancorp, Inc. and Lorain National Bank, Kevin Nelson will be named Ohio Region President. The merger is expected to occur August 14, 2015.
In his position, Mr. Nelson will be responsible for the growth of the banks Ohio Region. As the market leader, he will direct the business development efforts of all local commercial, small business, mortgage, equity and consumer lending, business services/cash management, retail banking, wealth management and insurance personnel. In addition, Mr. Nelson will lead the regions community involvement and outreach activities.
Mr. Nelson has a long-standing career in banking with Lorain National Bank, serving in various management positions. In 2000, he joined the bank to lead the retail banking division. In 2004, he was promoted to executive vice president and chief operating officer, with executive oversight of all commercial and retail lending units, credit administration, sales and marketing. After two years at Morgan Bank as senior vice president of commercial lending and sales, Mr. Nelson returned to Lorain National Bank in 2007 as senior vice president and manager of the indirect lending division. In 2014, Mr. Nelson assumed additional responsibilities for all consumer and residential lending at Lorain National and Morgan Bank.
Mr. Nelson is a resident of Avon Lake, Ohio. Active in the community, Mr. Nelson has volunteered his time and leadership to a variety of local organizations, serving as chairman of the Workforce Institute, president of the United Way and as a trustee for the Community Health Partners Foundation Board. In addition, Mr. Nelson is also active managing local sports, supporting the Ohio Reads program and volunteering for the Boy Scouts of America and Second Harvest Food Bank.
In making the announcement, William J. Wagner, Chairman, President and CEO of Northwest Bancshares, Inc. stated we welcome Kevin Nelson as our Ohio Region leader. He is uniquely qualified for this position. Given LNBs significant presence in Lorain County, we felt it was imperative that we select someone who is intimately familiar with that market to direct our community banking efforts. In addition, Kevin brings a strong familiarity with LNBs eastern market in Hudson and Stowe, where Northwest will also have a strong presence and a desire to grow as a community bank. Finally, and perhaps most importantly, Kevin has earned the enthusiastic support of the LNB staff, who will continue to serve LNBs customers and continue its traditions.
Northwest operates 161 community banking locations in Pennsylvania, New York, Ohio and Maryland. Founded in 1896, Northwest is a full-service financial institution offering a complete line
of personal and business banking products including employee benefits, investment management services, insurance and trust. Northwest Bancshares, Inc. is the holding company of Northwest Bank and is listed on the NASDAQ Global Select Market as NWBI. More information about Northwest can be found online at www.northwest.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as believe, expect, anticipate, intend, continue, prospects or potential, by future conditional verbs such as will, would, should, could or may, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made and we assume no duty to update forward-looking statements. Actual results may differ materially from current projections.
In addition to factors previously disclosed in Northwest Bancshares reports filed with the U.S. Securities and Exchange Commission, the following factors among others, could cause actual results to differ materially from forward-looking statements: ability to meet the closing conditions to the merger on the expected terms and schedule; delay in closing the merger; difficulties and delays in integrating LNB Bancorps business or fully realizing cost savings and other benefits; business disruption following the merger; customer acceptance of Northwest Bancshares products and services; customer borrowing, repayment, investment and deposit practices; customer disintermediation; the introduction, withdrawal, success and timing of business initiatives; competitive conditions; and economic conditions.
###
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Kvika banki hf.: Hugrún Sif Harðardóttir appointed internal auditor of Kvika banki hf.
- Willow Innovations Unveils Willow 360™ with Even More Support for Pumping Moms
- OWLS Unveils Enhanced New Website on 3rd Anniversary: Reimagining Himalayan Experiences
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!