On April 1, 2021, Northwest Bank, Warren, Pennsylvania, entered into an agreement to sell its insurance subsidiary, Northwest Insurance Services, to USI Insurance Services LLC.
Northwest Bank, which is the wholly-owned subsidiary of Northwest Bancshares, Inc., operates 162 full-service community banking offices and eight free standing drive through facilities in Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc. has approximately $13.8 billion in assets.
USI Insurance Services is one of the largest insurance brokerage and consulting firms in the world, with over 8,000 industry-leading professionals and 200 offices.
Luse Gorman has served as counsel on more than 100 financial institution mergers and acquisitions during the past five years, which is more than any other legal advisor during that time period. To learn more about our mergers and acquisitions practice, please visit our website.