0001104659-13-087518.txt : 20131127 0001104659-13-087518.hdr.sgml : 20131127 20131127163107 ACCESSION NUMBER: 0001104659-13-087518 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131127 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131127 DATE AS OF CHANGE: 20131127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Northwest Bancshares, Inc. CENTRAL INDEX KEY: 0001471265 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34582 FILM NUMBER: 131248164 BUSINESS ADDRESS: STREET 1: 100 LIBERTY STREET CITY: WARREN STATE: PA ZIP: 16365 BUSINESS PHONE: (814) 726-2140 MAIL ADDRESS: STREET 1: 100 LIBERTY STREET CITY: WARREN STATE: PA ZIP: 16365 8-K 1 a13-25303_18k.htm 8-K

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): November 27, 2013

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)

Registrant’s 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 8.01 Other Events

On November 27, 2013, Northwest Savings Bank (the “Bank”), the wholly-owned subsidiary of Northwest Bancshares, Inc. (the “Company”), announced that the Bank entered into a definitive agreement to acquire Evans Capital Management, Inc., a financial advisory firm with approximately $240 million of assets under management. A copy of the press release is filed as an exhibit to this Current Report.

Item 9.01 Financial Statements and Exhibits

(a) Not applicable

(b) Not applicable

(d) Exhibits

Exhibit No.		Description
99.1		Press release

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:	November 27, 2013	By:	/s/ William W. Harvey, Jr.
			William W. Harvey, Jr.
			Chief Financial Officer

EX-99.1 2 a13-25303_1ex99d1.htm EX-99.1

Exhibit 99.1

News Release

For Immediate Release

Contact: Jim Holding, 814-728-7670 jholding@nwbcorp.com

Northwest to Acquire Evans Capital Management, Inc.

(WARREN, PA November 27, 2013) Northwest Savings Bank has signed a definitive agreement to acquire Evans Capital Management, Inc. (ECM), an Erie, Pennsylvania based financial advisory firm that manages or administers over $240 million in assets. The transaction is expected to close on January 1, 2014.

After that date, ECM will continue to operate under the management of its founder, Jeffrey W. Evans and current Partners Arthur A. Laneve and Steven T. Erhartic as a wholly-owned subsidiary of Northwest Savings Bank from its current location at 4740 Peach Street in Erie. The company’s ten staff members will continue to serve their clients in western Pennsylvania as they have in the past. Mr. Evans stated: “We are pleased to affiliate with Northwest Savings Bank. We look forward to introducing new bank services to our valued clients and to helping to expand the bank’s wealth management and financial planning activities throughout its footprint.”

Speaking for Northwest, Gregory C. LaRocca, Executive Vice President stated, “We are extremely pleased to be able to partner with ECM and its staff. This combination will bring the expanded services of a larger organization to ECM’s customers and it will significantly enhance Northwest’s wealth management activities in western Pennsylvania.” Upon completion of the transaction Northwest will hold nearly $2 billion in assets under management or administration.

Founded in 1983, Evans Capital Management specializes in comprehensive financial planning services for individuals, profit sharing and 401(k) plans, trusts, estates, charitable organizations and small business. The firm serves all of Northwestern Pennsylvania and has an extensive list of individual, business, non-profit and public clients.

Northwest has also agreed to acquire Employee Benefit Resources (EBR), an employee benefits and consulting insurance firm owned by Mr. Evans and his son, Jeffrey G. Evans. The EBR staff will become employees of Northwest Insurance Services and remain in place to serve EBR’s existing customers.

Northwest Savings Bank is a full-service financial institution founded in 1896. It offers 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 operates 166 community banking offices in Pennsylvania, New York, Ohio and Maryland and 50 consumer finance offices in Pennsylvania through its subsidiary, Northwest Consumer Discount Company. The common stock of the bank’s parent company, Northwest Bancshares, Inc., is listed on the NASDAQ Global Select Market under the symbol, “NWBI.” Additional information regarding Northwest Bancshares, Inc. can be accessed on-line at www.northwestsavingsbank.com.

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