Northwest Bank approves dividend

Northwest Bancorp Inc. announced net income for the quarter ending Sept. 30 of $13.6 million, or $0.28 per diluted share.

This represents an increase of $700,000, or 5.5 percent, over the same quarter last year. In comparing the operating performance of the current quarter to the preceding quarter ended June 30, 2007, net income increased $1.3 million, or 10.2%.

Directors declared a quarterly cash dividend of $0.22 per share, payable on Nov. 15.

Founded in 1896 and headquartered in Warren, Northwest Bancorp Inc., through its subsidiary Northwest Savings Bank, operates 166 banking offices in Pennsylvania, New York, Ohio, Maryland and Florida.