Northwest Bank

It's National Fair Housing Month, a great time to announce we're participating in the First Front Door program again! With First Front Door funding, we can help first-time buyers turn their dream of owning a home into reality. The program aims to ensure a pathway to homeownership that is inclusive, transparent and achievable, providing assistance with down payment and closing costs. Learn more: https://hubs.la/Q02vbK9z0 #FairHousingMonth #Homeownership #FirstTimeHomebuyer #Banking #CommunityBank

When it comes to buying your first home, the process may seem confusing or overwhelming. But it doesn’t have to be. By understanding what banks look for when evaluating homebuyers, you can set yourself up for a successful process and a strong financial future. Read more here: https://hubs.la/Q02v9trh0 #FairHousingMonth #Homeownership #FirstTimeHomebuyer

Matthew Canby has been repairing bikes since he was 16 years old, leading him to eventually start his own mobile bike repair business. Recently, our SBA team helped Matthew close on a loan to achieve his dreams of expanding his business and opening a brick-and-mortar bike shop in Jamestown, New York. Sharing his passion for cycling, Matthew and Pearl City Cycle offer bikes and gear for riders at any level, along with professional repair and fitting services. #BusinessBanking #SmallBusiness #SBA

Today we announced our first quarter 2024 earnings. Net income was $29 million or $0.23 per diluted share for the quarter. Average loans increased 4% from the quarter ended March 31, 2023 driven by commercial loans, which grew by $553 million as we have continued to build-out our commercial lending verticals. We also reported growth in our deposit balances of 1% from the prior quarter. As part of today’s announcement, the Board of Directors declared a quarterly cash dividend of $0.20 per share payable on May 15, 2024 to shareholders of record as of May 2, 2024. This is the 118th consecutive quarter in which the Company has paid a cash dividend. https://hubs.la/Q02tJ0cR0

The Fed is expected to cut rates this year, which is welcome news for prospective homebuyers. But, what do lower rates mean for consumers looking for home, personal and auto loans, and how should they prepare for falling rates? Rocco N Diina and John Guidone answer these questions and more, providing guidance for how to navigate debt needs in a changing rate environment. https://hubs.la/Q02tDQWH0 #HomeLending #PersonalLoans #AutoLoans #Mortgages #Rates

At Northwest, we're dedicated to building a workplace where we all feel accepted, safe, seen and heard. With April being #DiversityMonth, we're excited to announce the launch of two new employee resource groups (ERGs) – PRISM LGBTQ+ and Veterans & First Responders! These new groups join our three existing ERGs and reflect our commitment to diversity, equity and inclusion efforts. Learn more: https://hubs.la/Q02tcX3l0

ICYMI, in a recent CBS MoneyWatch article, Head of Residential Lending Timothy Holman offered insights and tips for homeowners considering HELOCs or a home equity loan for debt consolidation. According to Tim, the benefits of both depend on the borrower's overall financial goals and current financial situation. Read more: https://hubs.la/Q02sqFTw0

For many people, creating a budget can feel stressful and overwhelming, but it doesn't have to be. Art Taggart, Jr. with Belmont Housing Resources for WNY, Inc. shares some tips for creating a budget that illuminates your personal finances to put yourself on a path to financial success. Read more here: https://lnkd.in/eb2RAKrG #AmericaSavesWeek #Budgeting #ASW2024

What does debt financing look like today? In a recent Rochester Business Journal Viewpoints article, Chief Investment Officer Donald Nicholson, CFA, offers insights on navigating growth, risk and corporate debt in the current economic environment. According to Don, corporate borrowers can make prudent borrowing decisions about their debt and interest rate risk by asking five key questions. Learn more: https://hubs.la/Q02s97xd0

Certain areas of our footprint are in the path of the upcoming total solar eclipse. Because of the impact on travel and access to our locations, we will close some offices in these areas at 1 p.m. Monday, April 8. Before visiting a Northwest office on Monday, check https://hubs.la/Q02r-R0J0 to be sure it's open. Need us when we're closed? Visit any Northwest ATM, call us at 1-877-672-5678 or log into Northwest Online and Mobile Banking. We appreciate your understanding as we experience this once-in-a-lifetime event! 😎