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The Laredo National Bank (LNB) [1] was a Texas bank founded in 1892 headquartered in Laredo, Texas which was bought by Banco Bilbao Vizcaya Argentaria. LNB had been a component in the development of business and industry along the United States-Mexico border and South Texas. The Laredo National Bank had grown to approximately $3.5 billion in ...
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The bank was founded in 1905 as Lorain Banking Co. [2] [1] In 1961, it merged with the National Bank of Lorain to form Lorain National Bank. [2] [1] In February 2005, Daniel Klimas became president & chief executive officer of the bank. [3] [4] [5] In 2007, the bank acquired Morgan Bancorp for $26.5 million in cash and stock. [6]
On December 18, 2009, the bank converted from a mutual savings bank to a joint stock company. [1]In 2015, the bank changed its name to the present Northwest Bank. [2]In August 2015, the bank's holding company, Northwest Bancshares, Inc., merged with LNB Bancorp, Inc., in a stock and cash deal and acquired Lorain National Bank. [4]
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