Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 18, 5:41 AM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #32. Northwest Savings Bank — Evans Capital Management, Inc.
Acquirer:
Northwest Savings Bank (NASDAQ:NWBI)
Acquiree:
Evans Capital Management, Inc.
Details:
Northwest Savings Bank has signed a definitive agreement to acquire Evans Capital Management, Inc. (ECM), an Erie, Pennsylvania based financial advisory firm that manages or administers over $240 million in assets. The transaction is expected to close on January 1, 2014.
Northwest Bancshares is a savings and loan holding company for its wholly owned subsidiary, Northwest Bank. Northwest Bank is financial institution providing personal and business banking solutions, investment management and trust services and insurance products. Co.'s principal lending activities are the origination of loans secured by first mortgages on owner-occupied, one-to four-family residences, shorter term consumer loans, and commercial business and commercial real estate loans. Co.'s deposit instruments including checking accounts, savings accounts, money market deposit accounts, term certificate accounts and individual retirement accounts.
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Avg. Broker Rec.
 
|
Hold (2.33 out of 4) 3rd percentile
(ranked lower than approx. 97% of all stocks covered)
Analysts' Target Price: NWBI Stock Forecast Based on Zacks ABR data; powered by Xignite |
