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Northwest subsidiary buys insurance firm

A subsidiary of Northwest Bancshares has a signed an agreement to acquire Winans Insurance and Employee and Benefits.

Both Winans and the acquirer, Northwest Insurance Services, are based in Warren, Pa. Following the deal, Winans' owner, David G. Winans, will become vice president of Northwest Insurance Services, serving Northwestern Pennsylvania and the Southern Tier of New York State. Terms of the deal were not disclosed. Winans has five employes.

Northwest Bancshares recently bulked up its presence in the Buffalo Niagara market by acquiring 18 First Niagara Bank branches.

 

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