USI Insurance Services’ Acquisition of Northwest Insurance Services

Luse Gorman PC advised Northwest Bank on the deal.

Northwest Bank, Warren, Pennsylvania, entered into an agreement to sell its insurance subsidiary, Northwest Insurance Services, to USI Insurance Services LLC.

Northwest Bank, which is the wholly-owned subsidiary of Northwest Bancshares, Inc., operates 162 full-service community banking offices and eight free standing drive through facilities in Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc. has approximately $13.8 billion in assets.

USI Insurance Services is one of the largest insurance brokerage and consulting firms in the world, with over 8,000 industry-leading professionals and 200 offices.

Luse Gorman served as legal counsel to Northwest Bank in the transaction. The Luse Gorman team consisted of Ned Quint (Picture), Marc Levy, and Beverly White.

Involved fees earner: Marc Levy – Luse Gorman, PC; Ned Quint – Luse Gorman, PC; Beverly White – Luse Gorman, PC;

Law Firms: Luse Gorman, PC;

Clients: Northwest Bancshares, Inc;

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Martina Bellini

Author: Martina Bellini