Penns Woods Bancorp
Penns Woods Bancorp was a Pennsylvania-based bank holding company that provided retail, commercial, mortgage, wealth management, and trust services through 21 branches, and was acquired by Northwest Bancshares, Inc. in July 2025.
- Company typePrivate
- Founded1894
- HeadquartersWilliamsport, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Penns Woods Bancorp does
Penns Woods Bancorp, Inc. was a Pennsylvania-based bank holding company founded in 1894, headquartered in Williamsport, and publicly traded on NASDAQ under the ticker PWOD. The firm operated through its banking subsidiary, providing retail banking, commercial banking, mortgage, and financial services across 21 branches in Pennsylvania, supplemented by a Trust and Wealth Management book serving individuals, businesses, and charitable institutions. Its product surface spanned business banking (commercial loans, business deposits), personal banking (deposits and loans), wealth management (trust, investment management, financial planning), and employee benefits administration delivered through the Trust Department.
The company's revenue model reflected standard community-bank economics: net interest income from lending and deposit-gathering, supplemented by fee income from trust, wealth management, and employee benefits services. It served a localized Pennsylvania retail and small-business customer base, with no disclosed enterprise customer concentration, and no publicly available pricing for its products and services. The firm employed 251–500 staff and was led by CEO Richard A. Grafmyre (input leadership block).
On July 25, 2025, Northwest Bancshares, Inc. completed its acquisition of Penns Woods Bancorp, merging banking operations, rebranding the former Penns Woods financial centers under the Northwest Bank name, and expanding the combined entity to 151 financial centers across four states. All expense synergies from the Penns Woods acquisition were fully realized by Q1 2026. Penns Woods no longer exists as an independent publicly traded entity; its financial results are now reported within Northwest Bancshares, Inc.
Penns Woods Bancorp firmographics
Firmographics- Name
- Penns Woods Bancorp
- Legal name
- Penns Woods Bancorp, Inc.
- Website
- https://pwod.com
- Company type
- Private
- Founded year
- 1894
- Operating status
- Acquired
- Headcount range
- 251–500 employees
- Short description
- Penns Woods Bancorp was a Pennsylvania-based bank holding company that provided retail, commercial, mortgage, wealth management, and trust services through 21 branches, and was acquired by Northwest Bancshares, Inc. in July 2025.
- Ownership category
- akta.pro rank
Penns Woods Bancorp industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Building Societies (Mutual Mortgage/Retail Banks) (FSABAEAE)
Keywords
Where Penns Woods Bancorp is headquartered
LocationHeadquarters
- HQ city
- Williamsport
- HQ country
- United States
- HQ region
- North America
Markets served
Penns Woods Bancorp business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Penns Woods Bancorp product offering
Product offeringCore offering
Penns Woods Bancorp, Inc. was a bank holding company operating a regional bank that delivered personal banking products (deposits and loans), business banking products (commercial loans and business deposit accounts), and complementary wealth management, trust, and employee benefits services through its financial center network. Following its July 25, 2025 acquisition by Northwest Bancshares, its banking operations were merged into Northwest Bank under the Northwest Bank brand.
Product overview
Northwest Bank, the banking subsidiary of Northwest Bancshares (NWBI), offers a unified platform of banking and financial services organized around two core product lines—business banking and personal banking—supplemented by add-on wealth management, trust, and employee benefits services. The bank operates 151 full-service financial centers across four states, having expanded through its acquisition of Penns Woods Bancorp in July 2025, which added 21 branches in Pennsylvania.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Banking Products
- Personal Banking Products
- Wealth Management Services
- Employee Benefits Services
- Trust Services
Companies that use Penns Woods Bancorp
Customer profileIdeal customer profiles3 records
Penns Woods Bancorp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Penns Woods Bancorp partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights3 records
Penns Woods Bancorp competitors and assessment
Company assessmentDirect peers
- Mid Penn Bancorp: Pennsylvania-based community bank holding company providing full-service business and consumer banking plus wealth management, comparable in scope and regional orientation.
- F.N.B. Corporation: Pennsylvania-headquartered bank holding company operating full-service community and commercial banking across multiple states, directly comparable to Penns Woods' regional banking model.
- S&T Bancorp: Pennsylvania-based community bank holding company providing commercial, retail, and wealth management services, sharing Penns Woods' regional community-banking focus.
- CNB Financial Corporation: Pennsylvania community bank holding company with commercial, retail, and wealth management offerings, comparable in size and operating footprint to Penns Woods.
- ACNB Corporation: Pennsylvania-headquartered community bank holding company providing commercial, retail, and trust services, closely aligned with Penns Woods' community banking profile.
- Emclaire Financial: Western Pennsylvania community bank holding company offering commercial and consumer banking plus wealth services, operating with a similar regional banking model to Penns Woods.
- Citizens Financial Services: Pennsylvania community bank serving retail and commercial customers with deposits, lending, and wealth services, sharing Penns Woods' regional retail-banking emphasis.
Broad incumbents
- Northwest Bancshares: Multi-state bank holding company and direct acquirer of Penns Woods, providing a direct comparison point for community banking scale, footprint, and operating model at a larger size.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights4 records
Customer concentration
Penns Woods Bancorp social profiles
Digital presencePenns Woods Bancorp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Penns Woods Bancorp leadership team
Management profileNumber of profiles
Profiles1 record
Penns Woods Bancorp subsidiaries and ownership
Company hierarchySubsidiaries1 record
Penns Woods Bancorp funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Penns Woods Bancorp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Penns Woods Bancorp
What does Penns Woods Bancorp do?
Penns Woods Bancorp, Inc. was a bank holding company operating a regional bank that delivered personal banking products (deposits and loans), business banking products (commercial loans and business deposit accounts), and complementary wealth management, trust, and employee benefits services through its financial center network. Following its July 25, 2025 acquisition by Northwest Bancshares, its banking operations were merged into Northwest Bank under the Northwest Bank brand.
Is Penns Woods Bancorp a public or private company?
Penns Woods Bancorp is a private company. It is classified as corporate owned and is currently acquired.
When was Penns Woods Bancorp founded?
Penns Woods Bancorp was founded in 1894. It employs 251 to 500 people.
Where is Penns Woods Bancorp based?
Penns Woods Bancorp is headquartered in Williamsport, United States, in the North America region.
Who are Penns Woods Bancorp's main competitors?
Direct peers on record are Mid Penn Bancorp, F.N.B. Corporation, S&T Bancorp, CNB Financial Corporation, ACNB Corporation, Emclaire Financial and Citizens Financial Services. Northwest Bancshares is listed as a broad incumbent.
Does Penns Woods Bancorp have an API?
No public API is recorded for Penns Woods Bancorp.
What industry is Penns Woods Bancorp in?
Penns Woods Bancorp's product category is Community Banking. Its primary akta.pro industry code is FSABAEAE, Building Societies (Mutual Mortgage/Retail Banks). Its NAICS code is 52211 and its SIC code is 6022.