Northwest bank appoints Chad Wheeler as managing director, treasurer

COLUMBUS, Ohio - Northwest Bank announced the appointment of Chad Wheeler as managing director and treasurer, effective Thursday. In his new role, Wheeler will oversee the bank’s treasury function, including interest rate management, liquidity, capital efforts, securities investment portfolio, and regulatory compliance. According to InvestingPro data, Wheeler joins at a time when Northwest Bank’s parent company maintains a solid financial health rating of FAIR, with particularly strong scores in profitability and relative value metrics.

Wheeler brings nearly 30 years of treasury and balance sheet management experience to Northwest Bank. He previously served as Executive Vice President and Treasurer at Fulton Bank, a $32 billion regional financial institution based in Lancaster, Pennsylvania, where he chaired the Asset Liability Committee and served as Vice Chair of the Loan & Deposit Committee.

"Chad has a deep understanding of capital markets, the complex and evolving regulatory environment, and the diverse macroeconomic factors that have an impact on the banking sector," said Doug Schosser, Chief Financial Officer at Northwest Bank, according to the company’s press release.

Before his tenure at Fulton Bank, Wheeler worked as Treasurer at Customers Bank, where he established the treasury function and helped guide the institution through its growth beyond $10 billion in assets. His career began at Santander Bank, N.A. (formerly Sovereign Bank), where he rose to the position of Assistant Treasurer.

Wheeler holds a bachelor’s degree in finance from Kutztown University in Pennsylvania.

Northwest Bancshares, Inc. (NASDAQ:NWBI), the parent company of Northwest Bank, operates 151 full-service financial centers and 10 drive-up locations across Pennsylvania, New York, Ohio, and Indiana. Founded in 1896, the bank offers business and personal banking products, employee benefits, and wealth management services. The company, currently valued at $1.83 billion, stands out for its impressive 31-year track record of consistent dividend payments, currently offering a substantial 6.48% yield. InvestingPro analysis reveals the stock is currently trading below its Fair Value, with 4 analysts recently revising their earnings expectations upward for the upcoming period. For deeper insights into NWBI’s valuation and growth potential, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Northwest Bancshares reported a stronger-than-expected performance for the second quarter of 2025. The company achieved earnings per share of $0.30, surpassing analyst projections of $0.28. Additionally, Northwest Bancshares exceeded revenue expectations, bringing in $150.38 million compared to the forecasted $148.67 million. These results were well-received in the market. Analysts had anticipated slightly lower figures, making the actual results a positive surprise for investors. This development highlights the company’s ability to outperform market expectations. Investors are closely monitoring these outcomes as they evaluate the company’s financial health and future prospects.

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