Northwest Bank
Full-service financial institution offering a complete line of business and personal banking products.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | N/A | IPO | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 14 % | (3 %) | 5 % | 3 % | (5 %) | 24 % | 11 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 14 % | 30 % | 25 % | 25 % | 19 % | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
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Northwest Bank's story begins in 1896, when it was founded in Warren, Pennsylvania, by a group of local businessmen led by Jacob F. Schoellkopf. Originally established as a small community bank, its mission was to serve the financial needs of local residents and businesses.
Over the decades, Northwest Bank expanded its footprint across Pennsylvania and into neighboring states, adapting to the changing financial landscape. A significant milestone in its history was the acquisition of Lorain National Bank in 2015, which marked its entry into the Ohio market and expanded its reach significantly.
In 2018, Northwest Bank underwent a major rebranding effort, modernizing its image and digital presence to better serve its growing customer base. This rebranding was part of a broader strategy to enhance customer experience and streamline operations.
Today, Northwest Bank stands as a testament to resilience and adaptability in the banking industry, continuing to focus on community-oriented banking while embracing technological advancements to meet the needs of its customers.
