On August 17, 2022, Louis J. Torchio, age 60, was appointed President of Northwest Bancshares, Inc. (the Company") and its wholly owned subsidiary, Northwest Bank, effective immediately. On August 17, 2022, Mr. Torchio was also appointed as a director of each of the Company and Northwest Bank. Mr. Torchio has been employed by Northwest Bank since 2018 and previously served as Senior Executive Vice President of Retail Lending of the Company and Northwest Bank.

Mr. Torchio has 31 years of experience in the banking industry. Prior to joining the Company and Northwest Bank, Mr. Torchio held the position of Senior Vice President of Residential and Consumer Lending at Delaware County Bank for two years. Additionally, Mr. Torchio has held various senior leadership and executive committee positions at large regional and community banks.

In connection with his promotion to President and Chief Executive Officer of the Company and Northwest Bank, Mr. Torchio has entered into an updated employment agreement with the Company and Northwest Bank. Also, effective immediately, William W. Harvey, Jr., who had been serving as interim President and Chief Executive Officer since the passing of Ronald J. Seiffert on May 24, 2022, will become the Company's and Northwest Bank's Chief Operating Officer. In addition, Mr. Harvey will continue in the role of Chief Financial Officer of the Company and the Bank.

On August 17, 2022, Mr. Harvey was also appointed as a director of each of the Company and Northwest Bank, effective immediately. Mr. Harvey has been employed by the Company and Northwest Bank since 1996. Prior to his assuming the position of interim President and Chief Executive Officer, Mr. Harvey had served for 20 years as Chief Financial Officer.

In connection with his increased responsibilities as Chief Operating Officer and Chief Financial Officer, Mr. Harvey has entered into an updated employment agreement. Under the employment agreement, Mr. Harvey's base salary will increase to $700,000.