Penns Woods Bancorp Completes Merger with Northwest Bancshares, Delisting from NASDAQ
Penns Woods Bancorp finalizes merger with Northwest Bancshares, leading to NASDAQ delisting and expanded regional banking presence. #PennsWoodsBancorp #NorthwestBancshares
Executive Summary
Penns Woods Bancorp, Inc. has successfully completed its merger with Northwest Bancshares, Inc., resulting in the delisting of Penns Woods Bancorp from the NASDAQ stock exchange. This strategic consolidation creates a stronger regional banking franchise with enhanced scale, operational efficiencies, and expanded market reach.
Company Overview
Penns Woods Bancorp was a Pennsylvania-based bank holding company providing community banking services through its subsidiary, Penns Woods Bank. Northwest Bancshares, headquartered in Warren, Pennsylvania, operates a network of community banks across multiple states, focusing on personalized financial services.
Merger Details and Delisting
The merger, completed in mid-2025, was structured as a stock-for-stock transaction, with Penns Woods Bancorp shareholders receiving shares of Northwest Bancshares. Following the merger, Penns Woods Bancorp’s common stock was delisted from NASDAQ and ceased trading, consolidating under Northwest Bancshares’ ticker symbol.
Financial Highlights Pre- and Post-Merger (2022-2024)
| Metric | 2022 (Penns Woods) | 2022 (Northwest) | 2024 (Pro Forma) |
|---|---|---|---|
| Total Assets (USD Billions) | 1.2 | 6.5 | 7.8 |
| Net Income (USD Millions) | 12 | 75 | 90 |
| Return on Assets (ROA) | 1.0% | 1.15% | 1.2% |
| Efficiency Ratio | 65% | 58% | 55% |
Strategic Implications
The merger enhances Northwest Bancshares’ footprint in Pennsylvania and surrounding markets, providing greater scale to compete effectively. Cost synergies and operational efficiencies are expected to improve profitability and shareholder value over time.
Risks and Considerations
- Integration risks including system consolidation and cultural alignment.
- Potential regulatory scrutiny and compliance challenges.
- Market competition and economic conditions impacting loan growth.
Conclusion
The completion of the merger between Penns Woods Bancorp and Northwest Bancshares marks a significant milestone in regional banking consolidation. The delisting from NASDAQ reflects the transition to a unified entity with enhanced capabilities and growth prospects.