Lorain National Bank will soon take down its signs as the company merges into Northwest Bank.
Northwest is a 119-year-old bank that bought LNB in December and will expand its offices to Pennsylvania, New York, Ohio, and Maryland. The merger becomes effective this Friday.
A press release stated that all LNB employees in our area will become employees of Northwest.
The old bank under new ownership will provide customers with a complete line of personal and business banking products, 55,000 free ATMs, and expanded electronic banking services.
Robert Campana was chosen last month as the director of Northwest Bank and Kevin Nelson was selected to be Northwest’s Ohio region president.
Campana has been the director of Lorain National Bank since 1997.
“His intimate life-long knowledge as both a resident and a business leader in Lorain County and the western suburbs of Cleveland will provide insight and direction to Northwest as we expand our presence in the market and further the community banking traditions established by Lorain National Bank,” said Northwest CEO William Wagner in a press release.
Nelson has held multiple management positions for the past 15 years at Lorain National Bank.
“Kevin brings a strong familiarity with LNB’s eastern market in Hudson and Stowe, where Northwest will also have a strong presence and a desire to grow as a community bank,” Wagner said. “Kevin has earned the enthusiastic support of the LNB staff who will continue to serve LNB’s customers and continue its traditions.”
In Lorain County, LNB has branches in Amherst, Avon, Avon Lake, Elyria, Grafton, LaGrange, Lorain, Oberlin, North Ridgeville, and Vermilion.
Valerie Urbanik can be reached at 440-775-1611 or on Twitter @ValUrbanik.