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Northwest Bank parent recognized by Forbes for trustworthiness

Northwest Bancshares Inc., the parent of Northwest Bank, made Forbes’ list of the nation’s most trustworthy financial companies for the fifth year.

Forbes commissioned an independent research company to review the accounting and governance behaviors of nearly 700 publicly traded financial companies and scored them based on factors like high-risk events, revenue and expense recognition methods, Securities and Exchange Commission actions and bankruptcy risk, according to a news release.

Northwest has made Forbes’ Most Trustworthy list four times in the past seven years. This time around, the company was the 10th highest ranked bank on the list and the highest ranked bank in all the markets it serves across four states.

Northwest Bancshares, based in Warren, Pa., is the holding company of Northwest Bank, which has several branches in Rochester, along with locations in Pennsylvania, Ohio and Maryland.

Click here to see the full list.

Follow Anne Saunders on Twitter: @asaunders_rbj

(c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail rbj@rbj.net.

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