WARREN, Pa., Aug. 25, 2016
/PRNewswire/ -- Northwest Bancshares, Inc., the parent company
of Northwest Bank, has been recognized by Forbes as one of
America's 50 Most Trustworthy Financial Companies.
In determining this year's award winners, Forbes commissioned
MSCI ESG Research, an independent research company that reviewed
the accounting and governance behaviors of nearly 700
publicly-traded financial companies and scored them based on
factors like high-risk events, revenue and expense recognition
methods, SEC actions and bankruptcy risk—all of which are
considered indicators of a company's credibility.
The 50 companies named to this year's list have the highest
scores for the past four quarters of the fiscal year. Here's
how Northwest fared on this year's list:
- Of the 50 companies, only 14 had a better score than
Northwest.
- Northwest was the 10th highest ranked bank on the
list.
- Northwest was the highest ranked bank in all the markets it
serves across four states.
Northwest has made Forbes' Most Trustworthy list four times in
the past seven years.
"Northwest's mission is to build loyalty, trust and value among
our employees, customers, communities and shareholders," said
William W. Harvey, Jr., chief
financial officer of Northwest Bancshares, Inc. "We look at
this recognition by Forbes as validation that our company is
achieving success in that endeavor. We are pleased and humbled to
receive such an honor."
Northwest operates 150 full-service community banking offices
and 7 free-standing drive through facilities 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.
To read the Forbes article, see:
http://www.forbes.com/sites/kathryndill/2016/08/02/americas-50-most-trustworthy-financial-companies-3/#7d32b530567a
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SOURCE Northwest Bancshares, Inc.