STOCK TITAN

Northwest Bank names Sean Morrow as Interim Treasurer

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags

Northwest Bank has appointed Sean Morrow as Interim Treasurer, effective August 23, replacing Jeffrey Maddigan. Morrow, with nearly 20 years of financial experience, will oversee the bank's treasury function, including managing interest rate, liquidity, and capital efforts. He joined Northwest seven years ago and most recently served as assistant treasurer.

CFO Doug Schosser expressed confidence in Morrow's ability to ensure a seamless transition. Morrow holds a bachelor's degree in business administration from SUNY Buffalo and an MBA from St. Bonaventure University. He is actively involved in community organizations, serving on the Board of Directors for Torn Space Theater and the Loan Committee for the Westminster Economic Development Initiative.

La Northwest Bank ha nominato Sean Morrow come Tesoriere ad interim, con effetto dal 23 agosto, sostituendo Jeffrey Maddigan. Morrow, con quasi 20 anni di esperienza nel settore finanziario, supervisionerà la funzione di tesoreria della banca, gestendo aspetti come i tassi d'interesse, la liquidità e il capitale. È entrato in Northwest sette anni fa e ha recentemente ricoperto il ruolo di tesoriere assistente.

Il CFO Doug Schosser ha espresso fiducia nella capacità di Morrow di garantire una transizione senza intoppi. Morrow ha conseguito una laurea in amministrazione aziendale presso la SUNY Buffalo e un MBA presso la St. Bonaventure University. È attivamente coinvolto in organizzazioni comunitarie, facendo parte del Consiglio di Amministrazione del Torn Space Theater e del Comitato Prestiti per l'Iniziativa di Sviluppo Economico di Westminster.

Northwest Bank ha nombrado a Sean Morrow como Tesorero Interino, a partir del 23 de agosto, reemplazando a Jeffrey Maddigan. Morrow, con casi 20 años de experiencia financiera, supervisará la función de tesorería del banco, incluyendo la gestión de tasas de interés, liquidez y esfuerzos de capital. Se unió a Northwest hace siete años y anteriormente se desempeñó como tesorero asistente.

El CFO Doug Schosser expresó confianza en la capacidad de Morrow para asegurar una transición sin problemas. Morrow tiene una licenciatura en administración de empresas de SUNY Buffalo y un MBA de la Universidad St. Bonaventure. Está activamente involucrado en organizaciones comunitarias, formando parte de la Junta Directiva del Torn Space Theater y del Comité de Préstamos de la Iniciativa de Desarrollo Económico de Westminster.

노스웨스트은행은 Sean Morrow를 8월 23일부로 임시 재무국장으로 임명하였으며, Jeffrey Maddigan를 대체합니다. Morrow는 거의 20년의 금융 경험을 활용하여 은행의 재무 기능을 감독하며, 금리, 유동성 및 자본 관리 업무를 포함합니다. 그는 7년 전에 노스웨스트에 합류하였고 최근에는 보조 재무국장으로 근무하였습니다.

CFO Doug Schosser는 Morrow가 원활한 전환을 보장할 수 있다는 데 대한 신뢰를 표명하였습니다. Morrow는 SUNY Buffalo에서 경영학 학사 학위를 받았으며, St. Bonaventure University에서 MBA를 취득하였습니다. 그는 지역 사회 조직에 적극적으로 참여하고 있으며, Torn Space Theater의 이사회와 Westminster 경제 개발 이니셔티브의 대출 위원회에서 활동하고 있습니다.

La Northwest Bank a nommé Sean Morrow au poste de Trésorier intérimaire, à compter du 23 août, en remplacement de Jeffrey Maddigan. Morrow, qui possède près de 20 ans d'expérience dans le domaine financier, supervisera la fonction de trésorerie de la banque, y compris la gestion des taux d'intérêt, de la liquidité et des efforts en capital. Il a rejoint Northwest il y a sept ans et a récemment occupé le poste de trésorier adjoint.

Le CFO Doug Schosser a exprimé sa confiance dans la capacité de Morrow à garantir une transition sans accroc. Morrow détient un diplôme en administration des affaires de la SUNY Buffalo ainsi qu'un MBA de l'Université St. Bonaventure. Il est activement impliqué dans des organisations communautaires, siégeant au conseil d'administration du Torn Space Theater et au comité des prêts de l'Initiative de Développement Économique de Westminster.

Die Northwest Bank hat Sean Morrow mit Wirkung zum 23. August als kommissarischen Schatzmeister ernannt und ersetzt damit Jeffrey Maddigan. Morrow bringt fast 20 Jahre Erfahrung im Finanzbereich mit und wird die Treasury-Funktion der Bank leiten, einschließlich der Verwaltung von Zinssätzen, Liquidität und Kapitalanstrengungen. Er ist vor sieben Jahren zur Northwest Bank gekommen und war zuletzt als stellvertretender Schatzmeister tätig.

Der CFO Doug Schosser äußerte Vertrauen in Morrows Fähigkeit, einen nahtlosen Übergang zu gewährleisten. Morrow hat einen Bachelor-Abschluss in Betriebswirtschaft von der SUNY Buffalo und einen MBA von der St. Bonaventure University. Er engagiert sich aktiv in Gemeinschaftsorganisationen und ist Mitglied des Vorstands des Torn Space Theater sowie im Kreditkomitee der Westminster Economic Development Initiative.

Positive
  • Appointment of experienced professional Sean Morrow as Interim Treasurer
  • Seamless transition expected due to Morrow's seven-year tenure at Northwest Bank
  • Morrow's extensive financial background spanning nearly 20 years
Negative
  • Departure of Corporate Treasurer and EVP of Finance and Accounting Jeffrey Maddigan

COLUMBUS, Ohio, Aug. 21, 2024 /PRNewswire/ -- Northwest Bank, a full-service financial institution offering a complete line of business and personal banking solutions, has named Sean Morrow as Interim Treasurer effective August 23.

He will replace Corporate Treasurer and EVP of Finance and Accounting Jeffrey Maddigan, who is leaving to pursue an opportunity outside of the bank.

In this role, Morrow will oversee the treasury function, including managing the bank's interest rate, liquidity and capital efforts; managing the securities investment portfolio; facilitating interest rate swaps and ensuring the bank meets its regulatory and risk expectations. 

Morrow brings nearly 20 years of financial experience to this role. A seven-year veteran of Northwest, he joined the bank as treasury risk manager and most recently served as assistant treasurer. He previously worked in various financial roles at KeyBank and First Niagara.

"I'm pleased to name Sean as our interim treasurer," said Chief Financial Officer Doug Schosser. "His depth of industry experience, combined with the expertise he's developed through his close partnership with Jeff, will ensure a seamless transition and help us continue our team's momentum."

"On behalf of the entire bank, we extend our gratitude to Jeff for his exceptional leadership and the substantial contributions he has made for our employees, customers and shareholders," Schosser said. "We wish him all the best in his future pursuits."

Morrow earned his bachelor's degree in business administration from SUNY Buffalo and an MBA from St. Bonaventure University. Active in the community, Sean sits on the Board of Directors for Torn Space Theater and serves as its treasurer. He is also a member of the Loan Committee for the Westminster Economic Development Initiative, an organization that provides micro-loans to underserved residents of Buffalo. He and his wife Katie reside in the Buffalo area. 

About Northwest Bank
Headquartered in Columbus, Ohio, Northwest Bancshares, Inc. is the bank holding company of Northwest Bank. Founded in 1896, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, as well as employee benefits and wealth management services. Currently, Northwest operates 131 full-service financial centers and eight free-standing drive-through facilities in Pennsylvania, New York, Ohio and Indiana. Northwest Bancshares, Inc.'s common stock is listed on the NASDAQ Global Select Market ("NWBI"). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed online at www.northwest.bank.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/northwest-bank-names-sean-morrow-as-interim-treasurer-302227610.html

SOURCE Northwest Bank

FAQ

Who is the new Interim Treasurer of Northwest Bank (NWBI)?

Sean Morrow has been named as the new Interim Treasurer of Northwest Bank, effective August 23, 2024.

What are Sean Morrow's responsibilities as Interim Treasurer at Northwest Bank (NWBI)?

As Interim Treasurer, Sean Morrow will oversee the treasury function, including managing the bank's interest rate, liquidity and capital efforts, managing the securities investment portfolio, facilitating interest rate swaps, and ensuring regulatory and risk compliance.

Why is Northwest Bank (NWBI) appointing a new Interim Treasurer?

Northwest Bank is appointing Sean Morrow as Interim Treasurer to replace Jeffrey Maddigan, who is leaving to pursue an opportunity outside of the bank.

What is Sean Morrow's background and experience at Northwest Bank (NWBI)?

Sean Morrow has been with Northwest Bank for seven years, joining as treasury risk manager and most recently serving as assistant treasurer. He has nearly 20 years of financial experience, including previous roles at KeyBank and First Niagara.

Northwest Bancshares, Inc

NASDAQ:NWBI

NWBI Rankings

NWBI Latest News

NWBI Stock Data

1.90B
125.97M
1.04%
68.32%
1.78%
Banks - Regional
National Commercial Banks
Link
United States of America
WARREN