Northwest Bank moving corporate offices to new Ohio site
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One of the leading employers with strong ties to Warren County continues to make major investments in Ohio.
Northwest Bank this week announced plans for its new corporate headquarters to be in suburban Columbus in Dublin, Ohio, located in Bridge North. It will be a new mixed-use development by the Daimler Group in Dublin’s Bridge Street District.
"We are excited to become part of the Dublin community. This investment represents an important step in Northwest Bank’s continued growth and transformation," said Louis J. Torchio, president and chief executive officer of Northwest Bank. "Dublin’s collaborative approach to supporting businesses makes it an ideal location for Northwest Bank’s future headquarters. This move supports our long-term growth strategy, strengthens our ability to attract top talent, and positions us for continued success."
How the decision will impact the Warren location is not yet known, but a spokesperson for the bank said it is committed to the region. “Pennsylvania has been core to our heritage since our founding 130 years ago,” the bank said in a statement to the Times Observer. “Our Warren, PA operations and team remain an important part of our organization. Our corporate headquarters moved to Columbus, Ohio, in 2021; our plans to move into a new corporate headquarter building in 2029 is part of our long-term plan to continue building a stronger bank for all the communities, businesses and customers we serve across our four-state footprint.”
The mixed-use development will include office, hospitality, retail and public gathering spaces, creating a campus-style environment designed to support collaboration among employees, customers and community partners. The company anticipates moving its current headquarters in Easton to a new 75,000-square-foot building in the first half of 2029. The purpose-built space is designed to allow Northwest Bank's headquarters workforce to more than double to 300 by 2034, and its initial lease term is expected to be 15 years. The headquarters is expected to include a dedicated financial center on the ground floor, including wealth management advisory services.
Under an Economic Development Agreement (EDA) with Northwest Bank, the City of Dublin will provide a performance-based incentive equal to 15% of net new employee payroll withholdings generated between 2030 and 2034, capped at $460,000 over the five-year term. The City will also provide a $50,000 location grant upon execution of the company’s 15-year lease agreement and issuance of an occupancy permit. Dublin City Council approved the EDA following a second reading during its Monday meeting.
In addition to the Daimler Group, Northwest Bank is partnering with local architectural firm Moody Nolan for the space design, and JLL, Inc. for commercial real estate brokerage and project management services.
Northwest Bank is one of the top 10 employers in Warren County and has a longtime history in the area.
Founded in 1896 in Bradford, Pa., Northwest Bank has spent more than 130 years helping customers, businesses and communities achieve what’s next. In 1969, Northwest moved its main office to Warren to take advantage of certain regulations. This move allowed Northwest to expand to Venango and Erie counties, in addition to McKean, Crawford, Elk and Warren counties. Northwest officially moved its headquarters to Warren in 1974.
In 2021, the company relocated its corporate headquarters to Columbus to support its long-term growth strategy and access one of the Midwest’s strongest financial talent markets.
Northwest operates 152 full-service financial centers and 11 drive-up locations across Pennsylvania, New York, Ohio and Indiana, and provides customers with access to more than 55,000 ATMs.