Northwest Bancorp announced Friday that William J. Wagner will become president and CEO on Sunday of Northwest Bancorp, which owns Jamestown and Northwest savings banks.
The current president and CEO, John O. Hanna, will remain chairman of the board. Hanna, 69, said he was stepping down because of his age and to spend more time with his family.
Wagner, 47, joined Northwest Savings Bank in 1984 as chief financial officer. Wagner became president and CEO of Northwest Savings Bank and chief financial officer of Northwest Bancorp in 1998.
Hanna joined Northwest Bancorp in 1960 when the company had two banking offices and $20 million in assets. He became president in 1977 and oversaw the company's growth from a small thrift into a full-service financial institution. Northwest Bancorp and its subsidiaries now have 118 banking offices in New York, Pennsylvania and Ohio and assets totaling $3.8 billion.
Jamestown Savings Bank, which has about 27,000 customers, was started in 1995, with Northwest Bancorp as the principal investor. Northwest bought the outstanding shares and took over ownership of the bank in 1998.