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COLUMBUS, Ohio - Northwest Bank announced Thursday the appointment of Matthew Bower as managing director of wealth management, a newly created position at the Ohio-based financial institution. The appointment comes as Northwest Bancshares (NASDAQ:NWBI) shows strong financial health, with InvestingPro data indicating the company maintains a robust 6.5% dividend yield and has consistently paid dividends for 31 consecutive years.
In his role, Bower will lead Northwest’s wealth management team of more than 100 associates, focusing on enhancing the bank’s private banking, investment management, estate planning, and trust services offerings. He will be responsible for strengthening collaboration across the business to better serve clients with tailored solutions. The appointment aligns with positive analyst sentiment, as four analysts have recently revised their earnings expectations upward for the upcoming period.
Bower brings over 25 years of experience in wealth management, trust advisory, and private banking. Most recently, he served as executive vice president and chief wealth officer for C&N Bank in Pennsylvania, where he managed approximately $1.7 billion in assets under management and drove double-digit annual revenue growth.
Prior to C&N, Bower headed wealth management for PNC Financial Services’ Southeast Market covering Florida, Georgia, Alabama, and North Carolina. He previously led business development in Southwestern Florida for Bank of America’s private bank.
"Matthew’s deep experience in building and developing teams while cultivating long-term client relationships at both large-scale and community banks will be invaluable as we look to accelerate the growth of our wealth management business," said Urich Bowers, Chief Consumer Banking and Strategy Officer at Northwest Bank, in a press release statement.
Bower holds a Master of Jurisprudence in finance and risk management from Texas A&M University School of Law and a bachelor’s degree from Florida State University.
Northwest Bank operates 151 full-service financial centers and ten drive-up locations across Pennsylvania, New York, Ohio, and Indiana. Northwest Bancshares, Inc., the bank’s holding company, is listed on NASDAQ (NASDAQ:NWBI), with a market capitalization of $1.8 billion. According to InvestingPro analysis, the stock currently trades slightly below its Fair Value, making it an interesting consideration for value investors. Get access to the complete NWBI research report and 7 additional ProTips with an InvestingPro subscription.
In other recent news, Northwest Bancshares reported its Q2 2025 earnings, beating expectations with an earnings per share (EPS) of $0.30, exceeding the forecast of $0.28 by 7.14%. The company also outperformed revenue projections, achieving $150.38 million against the anticipated $148.67 million. These results reflect a stronger-than-expected performance for the quarter. Additionally, Northwest Bank announced the appointment of Chad Wheeler as managing director and treasurer. Wheeler, who brings nearly 30 years of experience in treasury and balance sheet management, will oversee crucial functions such as interest rate management and regulatory compliance. He previously held the position of Executive Vice President and Treasurer at Fulton Bank. These recent developments highlight Northwest Bank’s strategic moves in both financial performance and leadership.
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