Northwest Insurance Services (NWBI) Enters Deal to Acquire Winans Insurance & Employee Benefits
- Wall Street falls with financials, other post-election gainers
- The FTC Confirms Antitrust Charges Against Qualcomm (QCOM) for Monopolizing Semiconductor Device Used in Cell Phones
- United Airlines (UAL) Tops Q4 EPS by 5c
- Obama shortens sentence of Manning, who gave secrets to WikiLeaks
- After-Hours Stock Movers 01/17: (SHLO) Higher; (GIMO) (AFAM) (CSX) Lower (more...)
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Northwest Insurance Services, a subsidiary of Northwest Bank (Nasdaq: NWBI), announced that it signed a definitive agreement, effective November 1, to acquire Winans Insurance & Employee Benefits, a property and casualty insurance and employee benefits firm located in Warren, Pennsylvania.
Founded in 1927, Winans Insurance and Employee Benefits has grown through a series of acquisitions to be one of the largest insurance agencies in its area.
As part of the acquisition, the entire Winans team will continue to operate from their current office at 315 Second Avenue in Warren. Winans' owner, David G. Winans, a 36-year industry veteran, will become vice president, Northwest Insurance Services, serving Northwestern Pennsylvania and New York's Southern Tier.
In making the announcement, Douglas H. Bert, president, Northwest Insurance Services said, "Committed to expanding our coverage across Pennsylvania and New York, we're pleased to welcome Winans Insurance and Employee Benefits and their strong team as members of the Northwest family. This addition reinforces our dedication to providing best-in-class insurance products and award-winning customer service to the businesses and families we serve." He added, "The cultural compatibility of our two companies is demonstrated by our missions and commitment to our local communities."
"Because of their proven record of providing excellent customer service, we are excited to affiliate with Northwest and are happy to continue to serve our valued clients in Warren and the surrounding area," said Mr. Winans. "Operating within the Northwest network, we'll be able to connect our clients to an expanded list of carriers and additional products and services, including investment management and trust, employee benefits, retirement services and personal and business banking and loans."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bats Global Market (BATS) Stockholders Approve Merger Agreement with CBOE (CBOE)
- Caesars Entertainment (CZR) Announces Confirmation of CEOC's Plan of Reorganization
- Qualcomm (QCOM) Responds to FTC Antitrust Charges
Create E-mail Alert Related CategoriesCorporate News, Management Comments, Mergers and Acquisitions
Related EntitiesDefinitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!