Northwest Bank definition

Northwest Bank means Northwest Bank, a Pennsylvania savings bank, or Northwest Bank doing business as Northwest Savings Bank, with its principal offices located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇.
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Northwest Bank has the meaning set forth in the Recitals to this Agreement. “Notice Period” has the meaning set forth in Section 6.06(d)(ii). “NWBI” has the meaning set forth in the Preamble to this Agreement. “NWBI Articles” means the Articles of Incorporation of NWBI, as amended. “NWBI Board” means the Board of Directors of NWBI. “NWBI Bylaws” means the amended and restated bylaws of NWBI. “NWBI Common Stock” means shares of common stock, $0.01 par value, of NWBI. “NWBI Common Stock Closing Price” has the meaning set forth in Section 3.02(b)(v). “NWBI Disclosure Schedule” has the meaning set forth in Section 5.02. “NWBI Equity Incentive Plan” means the Northwest Bancshares, Inc. 2022 Equity Incentive Plan. “NWBI Market Price” shall mean the volume average weighted closing sale price of a NWBI Common Share on NASDAQ during the 20 consecutive trading days immediately preceding the date of this Agreement. “NWBI Market Value” means, as of any specified date, the average of the volume weighted daily closing sales prices of a share of NWBI Common Stock as reported on NASDAQ for the ten consecutive trading days immediately preceding such specified date. “NWBI SEC Reports” has the meaning set forth in Section 5.02(f)(ii). “Old Certificates” has the meaning set forth in Section 3.01(b). “Other Subsidiaries Actions” has the meaning set forth in Section 6.22. “PABCL” means the Pennsylvania Business Corporation Law, Title 15 of the Pennsylvania Consolidated Statutes, as amended, the Pennsylvania Associations Code, as amended, and the Pennsylvania Entity Transaction Law, 15 Pa. C.S. §3.11 et seq., as amended. “PADOBS” means the Pennsylvania Department of Banking and Securities. “PADOS” means the Pennsylvania Department of State Bureau of Corporations and Charitable Organizations.
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Northwest Bank means Northwest Bank, a Pennsylvania savings bank, with its principal offices located at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇. “Northwest Bank Common Stock” shall have the meaning set forth in Section 5.3.2. “Northwest Bank Severance Plan” shall have the meaning set forth in Section 7.6.3. “Northwest Reports” shall have the meaning set forth in Section 5.6.5. “Notice of Superior Proposal” shall have the meaning set forth in Section 6.10.5. “Other Real Estate Owned” and “OREO” mean real estate or loans secured by real estate that are classified or would be classified, under bank regulatory accounting principles, as: “loans to facilitate”; “other real estate owned”; “in-substance foreclosure”; “in-substance repossession”; “foreclosed real estate”; or “real estate acquired for debts previously contracted.” “Participation Facility” means any facility in which MutualFirst Financial or its Subsidiaries participates in the management of such facility, whether as lender in control of the facility, owner or operator. “PBGC” shall mean the Pension Benefit Guaranty Corporation or any successor thereto. “Pennsylvania Code” means the Pennsylvania Banking Code of 1965, as amended. “Pennsylvania Department” shall mean the Pennsylvania Department of Banking and Securities. “Person” shall mean any individual, corporation, partnership, joint venture, association, trust or “group” (as that term is defined under the Exchange Act). “Phase I” shall have the meaning set forth in Section 6.3.2. “Phase II” shall have the meaning set forth in Section 6.3.2. “Pre-Closing” shall have the meaning set forth in Section 10.1. 8
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Examples of Northwest Bank in a sentence

  • On January 10, 2024, First Financial Northwest, Inc (the “Company”), the parent holding company for First Financial Northwest Bank (the “Bank” and collectively with the Company, “First Financial”) entered into a Purchase and Assumption Agreement (the “Purchase Agreement”) with Global Federal Credit Union (“Global”).

  • The name of the Surviving Bank shall be “Northwest Bank.” The main office of the Surviving Bank shall be the main office of Northwest Bank immediately prior to the Effective Time.

  • The subsidiaries of the Company consist of Inland Northwest Bank, a wholly-owned bank subsidiary, and Northwest Bancorporation Capital Trust 1.

  • The sole subsidiary of Inland Northwest Bank is Northwest Property LLC.

  • The Board of Directors of Northwest Bank has adopted and Northwest Bank has implemented an anti-money laundering program that meets the requirements of Sections 352 and 326 of the USA PATRIOT Act and the regulations thereunder and has received no written notice from any Governmental Entity or Bank Regulator that such program (i) does not contain adequate and appropriate customer identification verification procedures, or (ii) has been deemed ineffective.

  • All of the issued and outstanding shares of Northwest Bank Common Stock are (i) validly issued, fully paid and nonassessable and free of preemptive rights, and (ii) owned by Northwest Bancshares free and clear of any liens, encumbrances, charges, restrictions or rights of third parties of any kind whatsoever.

  • Either Northwest Bancshares or Northwest Bank owns all of the outstanding shares of capital stock of each Northwest Bancshares Subsidiary free and clear of all liens, security interests, pledges, charges, encumbrances, agreements and restrictions of any kind or nature.

  • Northwest Bank is a member in good standing of the FHLB of Pittsburgh and owns the requisite amount of stock therein.

  • The deposits of Northwest Bank are insured by the FDIC to the fullest extent permitted by law, and all premiums and assessments required to be paid in connection therewith have been paid when due.

  • Pacific and Pacific Northwest Bank have entered into a Plan and Agreement of Merger (“Plan”) with Bank of the Northwest, pursuant to which Bank of the Northwest will merge into Pacific Northwest Bank (“Merger”).


More Definitions of Northwest Bank

Northwest Bank has the meaning set forth in the Recitals to this Agreement.
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Northwest Bank means Northwest Savings Bank, a Pennsylvania stock savings bank.
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