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Northwest Bank will expand its Columbus hub later this year and will establish headquarters for its holding company Northwest Bancshares, Inc. there. The Northwest Bank headquarters will remain at the Warren location at Liberty Street and Pennsylvania Avenue.
Photo by Brian Ferry
WARREN, Pa. Northwest employees heard some big news on Tuesday.
During a weekly all-employees call, leadership announced an expansion of the company’s hub in Columbus, Ohio.
Leaders also stated that that expansion will not change the status of Warren as headquarters of Northwest Bank.
“Later this year, we will expand our hub in Columbus to take advantage of its central location within our current footprint of Pennsylvania, New York, Ohio and Indiana, enhance our opportunity to recruit employees and better position ourselves as we look to develop new business and expand our western boundaries,” Executive Vice President and Chief Marketing Officer Shawn Walker said. �
New-yorkUnited-statesMuncieIndianaClevelandOhioColumbusPennsylvaniaErieState-collegeShawn-walkerBancshares-incB&G Foods, whose shares trade around $29, tops the list with a 6.5% yield. It owns a portfolio of relatively mature brands. In October, it agreed to buy the Crisco oil business from
J.M. Smucker (SJM) for $550 million in cash in a deal that is expected to be meaningfully accretive to earnings.
Like other food companies, B&G has gotten a lift as Americans eat more meals at home this year. Sales are expected to rise about 20% in 2020. The company, which has ample debt, trades for about 13 times projected 2021 earnings.
Vector Group has an unusual mix of businesses: cigarettes and real estate. It owns Liggett Group, the No. 4 U.S. cigarette maker with a 4% share. Liggett’s discount brands include Pyramid, Grand Prix, and Eve. Vector also owns Douglas Elliman, the largest residential real-estate brokerage firm in the New York metropolitan area and the fourth-largest in the country. Vector also has a group of real estate investments around the U.S.
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