COLUMBUS, Ohio, May 25, 2022
/PRNewswire/ -- Northwest Bancshares, Inc. and Northwest Bank
are deeply saddened to announce the sudden passing of Chairman,
President and Chief Executive Officer Ronald J. Seiffert. He died unexpectedly of
natural causes on Tuesday.
The Northwest Bancshares and Northwest Bank Boards of Directors
held a meeting last night in accordance with the companies'
succession plan, appointing Chief Financial Officer William W. Harvey Jr. as interim President and
Chief Executive Officer, and Lead Director Timothy B. Fannin as interim Chairman of the
Board. Bank employees have been informed of the news and Northwest
representatives are sharing the news with business and community
organizations.
"Ron was a friend to everyone at Northwest and the communities
that we call home. We mourn for his family and wish them peace
during this most difficult time," said Tim
Fannin of Northwest. "Ron was passionate about Northwest and
committed to making a difference across Pennsylvania, New
York, Ohio and Indiana. He took great pride in the
relationships the bank had with its customers and appreciated the
exceptional loyalty of Northwest Bank employees."
"Ron had a vision and set the strategic direction of the
companies and we intend to carry this vision forward," said
Bill Harvey of Northwest. "It has
been an honor and privilege to serve alongside Ron. He was an
extraordinary banker, citizen and friend. He had a belief in the
bank's future as a successful, independent financial institution.
Northwest's capable management team is long-tenured and deeply
committed to carrying on Ron's legacy."
Mr. Seiffert, 65, is survived by his wife, Sherry, three
daughters, two sons-in-law and four grandchildren. He resided in
Delaware, Ohio.
Mr. Seiffert joined Northwest in November
2017 as President and Chief Operating Officer of Northwest
Bank and Northwest Bancshares. He was promoted to the position of
President and CEO of Northwest Bank and Northwest Bancshares in
June of 2018, appointed to the Board of Directors of Northwest Bank
on January 17, 2018, and elected to
the Board of Directors of Northwest Bancshares on April 19, 2018.
Prior to joining Northwest, Mr. Seiffert held the position of
Chairman, President & CEO at the Delaware County Bank &
Trust, Lewis Center, Ohio. Prior
to that, he served as Vice Chairman at Huntington National Bank,
and Executive Vice President and National Head of Business Banking
at BankOne/JPMorgan Chase.
Mr. Seiffert was active in many industry and community boards,
including the Pennsylvania Bankers' Association Government
Relations Committee, the Federal Reserve Board Fourth District
Depository Institution Advisory Committee (CDIAC), the Ohio
Banker's League Bank Services Board and Audit Committee and the
Columbus State Community College
Foundation Board.
Mr. Seiffert was a graduate of Washington
University in St. Louis,
Mo. with a Bachelor of Science in Business Administration,
Finance & Economics and a graduate of the Advanced Executive
Management program at the Kellogg School of Management at
Northwestern University, Evanston, Ill. and the ABA Stonier Graduate
School of Banking.
About Northwest Bank
Founded in 1896 and headquartered
in Warren, Pennsylvania, Northwest
Bank is a full-service financial institution offering a complete
line of business and personal banking products, employee benefits
and wealth management services. As of April
19, 2022, Northwest operates 142 full-service community
banking offices and eight free standing drive-through facilities in
Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc.'s common
stock is listed on the NASDAQ Global Select Market ("NWBI").
Additional information regarding Northwest Bancshares, Inc. and
Northwest Bank can be accessed on-line at www.northwest.com.
About Northwest Bancshares, Inc.
Headquartered in
Columbus, Ohio, Northwest
Bancshares, Inc. is the bank holding company of Northwest Bank.
Founded in 1896 and headquartered in Warren, Pennsylvania, Northwest Bank is a
full-service financial institution offering a complete line of
business and personal banking products, employee benefits and
wealth management services. As of April 19,
2022, Northwest operates 142 full-service community banking
offices and eight free standing drive-through facilities in
Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc.'s common
stock is listed on the NASDAQ Global Select Market ("NWBI").
Additional information regarding Northwest Bancshares, Inc. and
Northwest Bank can be accessed on-line at www.northwest.com.
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SOURCE Northwest Bancshares, Inc.