Northwest Bank Named Preferred Lender for Growing National Entertainment Chain, Stumpy’s Hatchet House
October 24, 2023
Columbus, Ohio – Northwest Bank, a full-service financial institution offering a complete line of business and personal banking products, announced its partnership with Stumpy’s Hatchet House, a premier axe throwing and entertainment venue chain. Named the preferred banking partner and lender for the business and its franchisees, this unique collaboration will support Stumpy’s strategic growth initiatives.
As Stumpy’s continues to carve a unique niche in the entertainment industry, this partnership signifies not only the bank's commitment to the local business community but also its confidence in the innovative and exciting concept the entertainment venue brings to its patrons. The company currently has more than 30 locations nationwide, and Northwest's role as preferred lender will support the chain’s growth goals, including expanding its nationwide footprint, as well as enhancing patron experiences through concessions, including food and beverage expansion efforts.
Northwest Bank is actively assisting Stumpy’s franchise growth plans by working directly with the chain’s franchisees to offer financial expertise and customized solutions, including quick acceptance, lower financing package options and SBA lending options for newer franchisees. The one-of-a-kind partnership allows Northwest team members to become ingrained in the business, such as attending conferences hosted by the chain that offer face-to-face interactions and relationship-building opportunities with franchisees.
Stumpy’s president and CEO are confident that this partnership is key to activating and supporting the chain’s expansion.
“As we’ve grown from our roots as the first indoor hatchet-throwing venue in the country, we are excited to embark on this strategic growth initiative and expand our position as the go-to unique entertainment venue across many cities and communities nationwide,” said Karl Gibbons, president, Stumpy’s Hatchet House. “We know our partnership with Northwest provides the financial backbone our franchisees need to support our growth journey and offers the financial tools and guidance necessary for Stumpy’s Hatchet House to thrive in a competitive market,” added Carl Gould, chief executive officer for Stumpy’s.
With a dedicated business banking team, Northwest is able to dive into the chain’s franchise model and performance, giving the bank a unique understanding of the business and the needs of its franchisees. With this, Northwest's comprehensive suite of financial solutions is tailored to support each franchise at every stage of its development, from startup to expansion.
"Our partnership with Stumpy’s is a testament to our commitment to providing personalized financial services to local businesses," said Michael McAndrew, regional senior vice president and business banking team lead, Northwest Bank. "We are excited to contribute to the growth and success of Stumpy’s through our customized financing solutions and strategic guidance and support."
Headquartered in Columbus, Ohio, Northwest Bancshares, Inc. is the bank holding company of Northwest Bank. Founded in 1896 and headquartered in Warren, Pennsylvania, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, as well as treasury management solutions and wealth management services. Northwest currently operates 134 full-service community banking offices and eight free standing drive-through facilities in Pennsylvania, New York, Ohio and Indiana. The common stock of Northwest Bancshares, Inc. 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.com.