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Northwest Bancshares in Pennsylvania to sell insurance business

Apr 01, 2021 - American Banker
Mergers and Acquisitions

Northwest Bancshares in Warren, Pa., has agreed to sell its insurance agency to USI Insurance Services in Valhalla, N.Y.

The $13.8 billion-asset Northwest said in a press release Thursday that it will sell Northwest Insurance Services in a deal that is expected to close early in the second quarter. Northwest did not disclose the price USI will pay.

Northwest Insurance Services offers property-and-casualty, life, disability and long-term care insurance. It also provides group health, ...