COLUMBUS, Ohio, Jan. 13,
2025 /PRNewswire/ -- Northwest Bank, a full-service
financial institution offering a complete line of business and
personal banking solutions, announced today that Michael Perry has been appointed to lead
Northwest's Corporate Development and Strategy Department.
In his new role, Mr. Perry will be a key member of Northwest's
senior leadership team, overseeing and managing all aspects of
corporate development and strategy, including establishing and
facilitating the company's acquisition strategy and merger and
acquisition (M&A) process as an important component of
Northwest's long-term strategic growth plan.
In addition, Mr. Perry will leverage his extensive knowledge and
experience in the financial services industry to lead the bank's
strategic planning process designed to help drive the bank's
continuous transformation and strategic objectives.
In his role, Mr. Perry will also lead Northwest's Investor
Relations function, providing leadership in managing communications
with Northwest's investors and the investment community.
Mr. Perry brings over 28 years of experience and expertise,
having served as an investment banker advising depository
institutions on a range of transactions, including mergers and
acquisitions, divestitures, restructurings and capital markets
transactions. He has advised on over 50
M&A transactions with an aggregate deal value of over
$80 billion and has worked on capital
markets offerings, raising over $23
billion in the aggregate.
Previously, Mr. Perry was a Managing Director in the Financial
Institutions Group at Piper Jaffray where he was also a member of
the M&A Fairness Committee and worked across the bulge bracket
and boutique spectrum serving at firms such as Morgan Stanley, Bear
Stearns, Merrill Lynch and Sterne Agee. In addition, Mr.
Perry has global experience, having served as a Managing Director
and Head of M&A for Financial Institutions and Financial
Sponsors for non-Japan Asia at Daiwa Capital Markets in Hong
Kong. In this role, he also served on the firm's Non-Japan
Asia New Business Committee.
Most recently, Mr. Perry served as a Managing Director in the
Financial Institutions Group at Commerce Street Capital where he
focused on covering banks in the Mid-Atlantic and Southeast
regions.
"We're delighted to welcome Michael to Northwest's senior
leadership team," said Chief Financial Officer Doug Schosser. "He brings tremendous banking,
financial services and M&A experience to Northwest and his
expertise and leadership will be essential as we work to achieve
our long-term strategic growth objectives designed to bring value
to our employees, customers and shareholders."
Mr. Perry received his Master of Business Administration with
Beta Gamma Sigma honors from Columbia
University's Graduate School of Business and a bachelor's
degree in business administration from The University of North Carolina at Chapel Hill.
ABOUT NORTHWEST BANK
Headquartered in Columbus,
Ohio, Northwest Bancshares, Inc. is the bank holding company
of Northwest Bank. Founded in 1896, Northwest Bank is a
full-service financial institution offering a complete line of
business and personal banking products, as well as employee
benefits and wealth management services. Currently, Northwest
operates 130 full-service financial centers and eleven
free-standing drive-up facilities in Pennsylvania, New
York, Ohio and Indiana. Northwest Bancshares, Inc.'s common
stock is listed on the NASDAQ Global Select Market ("NWBI").
Additional information regarding Northwest Bancshares, Inc. and
Northwest Bank can be accessed online at www.northwest.bank.
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SOURCE Northwest Bank
