Northwest Savings Bank To Acquire Evans Capital Management, Inc.

(RTTNews) - Northwest Savings Bank said it has signed a definitive agreement to acquire Evans Capital Management, Inc. or ECM, an Erie, Pennsylvania based financial advisory firm that manages or administers over $240 million in assets. The transaction is expected to close on January 1, 2014.

Northwest has also agreed to acquire Employee Benefit Resources or EBR, an employee benefits and consulting insurance firm owned by Evans and his son, Jeffrey Evans. The EBR staff will become employees of Northwest Insurance Services and remain in place to serve EBR's existing customers.