Northwest Bancshares Inc., holding company of Northwest Bank, Warren, Pennsylvania, is acquiring Penns Woods Bancorp Inc., Williamsport, Pennsylvania, holding company of Jersey Shore State Bank and Luzerne Bank.
The all-stock transaction valued at $270.4 million was announced on Dec. 17, 2024. Pending regulatory approvals, the deal is expected to close in the third quarter of 2025 with the merged banks operating under the Northwest Bank name.
The combined company will have pro forma total assets in excess of $17 billion and is expected to be one of the nation’s 100 largest banks.
