WARREN, Pa., July 16, 2015 /PRNewswire/ -- Northwest
Bancshares, Inc., the parent company of Northwest Bank, announced
today that its board of directors has selected Robert Campana to serve as a director, effective
upon the completion of the merger of LNB Bancorp, Inc. and
Lorain National Bank with and into
Northwest Bancshares, Inc. and Northwest Bank. Mr. Campana
will also serve as a director of Northwest Bank. Mr. Campana
currently serves as a director of both LNB Bancorp, Inc. and
Lorain National Bank. The
merger is expected to be completed August
14, 2015.
Mr. Campana has been a director of LNB Bancorp, Inc. and
Lorain National Bank (LNB) since
1997. He has served on the executive, loan and compensation
committees and currently is the chairman of the compensation
committee. Mr. Campana will bring his extensive business experience
and intimate knowledge of Lorain
County and the west Cleveland suburbs to the Northwest Board.
Mr. Campana is the former president of P.C. Campana, Inc., Lorain, OH and former managing director of
Camp-Hill Corporation, McKeesport,
PA and Bellville Tube, Houston, TX. Currently, Mr. Campana is
the president of Campana Capital, a real estate development and
private equity investment organization located in Lorain, OH.
Active in the community, Mr. Campana has volunteered his time
and leadership to a variety of organizations, including Mercy
Health, Lorain County Metro Parks, Team Lorain County and 100 Men
of Lorain County.
In making the announcement, William J.
Wagner, Chairman, President and CEO of Northwest Bancshares,
Inc. stated, "Northwest's Board of Directors feels fortunate that
someone of Bob Campana's stature and
reputation will join our Board. His business acumen and experience
as an LNB Board member will be a great asset as we advance
Northwest's tradition of sustained growth, community leadership and
excellence in customer service. His intimate life-long
knowledge as both a resident and a business leader in Lorain County and the western suburbs of
Cleveland will provide insight and
direction to Northwest, as we expand our presence in the market and
further the community banking traditions established by
Lorain National Bank."
Northwest operates 161 community banking locations in
Pennsylvania, New York, Ohio and Maryland. Founded in 1896, Northwest is a
full-service financial institution offering a complete line of
personal and business banking products including employee benefits,
investment management services, insurance and trust. Northwest
Bancshares, Inc. is the holding company of Northwest Bank and is
listed on the NASDAQ Global Select Market as NWBI. More information
about Northwest can be found online at www.northwest.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are typically identified by words such
as "believe," "expect," "anticipate," "intend," "continue,"
prospects" or "potential," by future conditional verbs such as
"will," "would," "should," "could" or "may," or by variations of
such words or by similar expressions. These forward-looking
statements are subject to numerous assumptions, risks and
uncertainties, which change over time. Forward-looking statements
speak only as of the date they are made and we assume no duty to
update forward-looking statements. Actual results may differ
materially from current projections.
In addition to factors previously disclosed in Northwest
Bancshares' reports filed with the U.S. Securities and Exchange
Commission, the following factors among others, could cause actual
results to differ materially from forward-looking statements:
ability to meet the closing conditions to the merger on the
expected terms and schedule; delay in closing the merger;
difficulties and delays in integrating LNB Bancorp's business or
fully realizing cost savings and other benefits; business
disruption following the merger; customer acceptance of Northwest
Bancshares' products and services; customer borrowing, repayment,
investment and deposit practices; customer disintermediation; the
introduction, withdrawal, success and timing of business
initiatives; competitive conditions; and economic conditions.
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SOURCE Northwest Bancshares, Inc.