Northwest Bancorp, Inc. · Warren, PA United States ·(NASDAQ (GS): NWSB)
Company Description
View Northwest Bancorp, Inc. Locations On A US Map
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This link will open in a new window In 1896 Utah was admitted as the 45th state, the first modern Olympic games were held, William McKinley was elected president, and this company's savings bank predecessor was founded. Today Northwest Bancorp is the holding company for Northwest Savings Bank, which operates some 170 branches mostly in Pennsylvania, but also in Maryland, New York, Ohio, and Florida. It offers standard deposit products and services, including checking and savings accounts, CDs, and money market accounts. The bank uses funds from deposits to write various loans, nearly 70% of which are real estate loans. It also writes consumer and business loans. To read the full description, subscribe now.
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Key Northwest Bancorp, Inc. Financials
| Company Type | Public - NASDAQ (GS): NWSB Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $258.1 |
| 2008 Employees | 2,020 |
Northwest Bancorp, Inc. Executives
48 executives listed for Northwest Bancorp, Inc.'s Warren, PA location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO, Northwest Bancorp and Northwest Savings Bank | William Wagner | Network |
| EVP Finance and CFO, Northwest Bancorp and Northwest Savings Bank | William Harvey | Network |
| VP and CTO, Northwest Bancorp and Northwest Savings Bank | Eric Stoever | Network |
Competition
Competitive Landscape for Northwest Bancorp, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Northwest Bancorp, Inc. Competitors
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