WARREN, Pa., April 18, 2014 /PRNewswire/ -- Northwest
Bancshares, Inc., the parent company of Northwest Savings Bank, has
been recognized by Forbes as one of America's 50 Most Trustworthy
Financial Companies.
In determining the most trustworthy publicly-traded companies in
North America, Forbes employs GMI
Ratings, an independent proprietary ratings provider and investment
advisor. GMI assigns each company an accounting and governance risk
score (AGR) based on factors like high-risk events, revenue and
expense recognition methods, SEC actions and bankruptcy risk.
The 50 companies named to this year's list have the highest
scores for the past four quarters of the fiscal year.
"If you're interested in investing in any of the companies on
this list, you can be really comfortable that what you're reading
about them is an honest reflection of what's going on in the
company," says James Kaplan,
director of GMI Ratings. "When you read it, you can believe
it."
Northwest has made Forbes' most trustworthy list three times in
the past five years.
"Northwest's mission is to build loyalty, trust and value among
our employees, customers, communities and shareholders," said
William J. Wagner, president and CEO
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 Savings Bank operates 165 community banking locations
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 Savings Bank
and is listed on the NASDAQ Global Select Market as NWBI. More
information about Northwest can be found online at
www.northwestsavingsbank.com.
To read the Forbes article, see:
http://www.forbes.com/sites/kathryndill/2014/04/01/americas-50-most-trustworthy-financial-companies/
Photo Caption: © 2014, The NASDAQ OMX Group, Inc.
Reprinted with permission.
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SOURCE Northwest Bancshares, Inc.