Northwest Savings Bank to Acquire Evans Capital

December 9, 2013

On November 27, 2013, Northwest Savings Bank announced that it will acquire Evans Capital Management, a financial advisory firm based in Erie, Pennsylvania (“ECM”), and Employee Benefit Resources, an employee benefits and consulting insurance firm co-owned by ECM’s founder.

On November 27, 2013, Northwest Savings Bank announced that it will acquire Evans Capital Management, Inc., a financial advisory firm based in Erie, Pennsylvania (“ECM”).  Northwest will also acquire Employee Benefit Resources, an employee benefits and consulting insurance firm co-owned by ECM’s founder and his son.  ECM specializes in financial planning services for individuals, profit sharing and 401(k) plans, trusts, estates, charitable organizations and small businesses and has approximately $240 million in assets under management.  Northwest is a full service financial institution serving customers in Pennsylvania, New York, Ohio and Maryland. 

To read the press release, please click here.


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Investment Manager M&A, Transactions