M&A Deal Summary

Northwest Bancshares Acquires MutualFirst Financial

On May 7, 2020, Northwest Bancshares acquired financial services company MutualFirst Financial

Acquisition Highlights
  • This is Northwest Bancshares’ 4th transaction in the Financial Services sector.
  • This is Northwest Bancshares’ 6th transaction in the United States.
  • This is Northwest Bancshares’ 4th transaction in Pennsylvania.

M&A Deal Summary
Date 2020-05-07
Target MutualFirst Financial
Sector Financial Services
Buyer(s) Northwest Bancshares
Deal Type Add-on Acquisition

Target

MutualFirst Financial

Warren, Pennsylvania, United States
MutualFirst Financial is a holding company for MutualBank and provides a full range of financial services including business banking, wealth management, trust services, investments, and internet banking services.

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Buyer(S) 1

Buyer

Northwest Bancshares

Columbus, Ohio, United States
Category Company
Founded 1896
Sector Financial Services
Employees2,060
Revenue 548M USD (2023)
DESCRIPTION

Northwest Bancshares is a holding company of Northwest Savings Bank. Northwest Savings Bank is a full-service financial institution offering a complete line of business and personal banking products, employee benefits and wealth management services, as well as the fulfillment of business and personal insurance needs. Northwest Bancshares was founded in 1896 and is based in Columbus, Ohio.

DEAL STATS #
Overall 6 of 6
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (Pennsylvania) 4 of 4
Country (United States) 6 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-10 Northwest Bancshares - Three Branches

Baltimore, Maryland, United States

Northwest Bancshares, Inc. - Three Branches is a provider of financial services located in the greater Baltimore, Maryland metropolitan area with approximately $214 million in deposits, $152 million of performing loans and $40 million of cash.

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