Northway Financial Inc.
Northway Financial Inc. is listed on NASDAQ (NWFI). Northway Financial, Inc. was incorporated on March 7, 1997, under the laws of the State of New Hampshire, for the purpose of becoming the holding company of The Berlin City Bank, a New Hampshire chartered bank headquartered in Berlin, New Hampshire (BCB), pursuant to a reorganization transaction (the BCB Reorganization) by and among the Company, BCB, and a subsidiary of BCB, and, thereafter, effecting the merger (the Merger) by and among the Company, BCB, Pemi Bancorp, Inc. (PEMI), and PEMIs wholly owned subsidiary, The Pemigewasset National Bank of Plymouth, New Hampshire, a national bank headquartered in Plymouth, New Hampshire (PNB). The BCB Reorganization and the Merger became effective on September 30, 1997. As of such date, BCB and PNB (collectively the Banks), became wholly owned subsidiaries of the Company. Unless the context otherwise requires, references herein to the Company include Northway Financial, Inc. and its consolidated subsidiaries.
Northwest Bancorp Inc.
Northwest Bancorp Inc. is listed on NASDAQ (NWSB). Northwest Bancorp, Inc. is a Federal corporation formed on June 29, 2001, as the successor to a Pennsylvania corporation of the same name. Both the Federal corporation and its Pennsylvania predecessor are referred to as the Company. The Company became the stock holding company of Northwest Savings Bank in a transaction (the Two-Tier Reorganization) that was approved by the Bank's stockholders in December of 1997, and completed in February of 1998. In the Two-Tier Reorganization, each share of the Bank's common stock was converted into and became a share of common stock of the Company, par value $0.10 per share (the Common Stock), and the Bank became a wholly-owned subsidiary of the Company.
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