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Northwest Bancorp Rejects Funds From Treasury

Stock quotes in this article: GS , NWSB , TBBK  

WARREN, Pa. (AP) — Northwest Bancorp Inc. said Tuesday that it will not participate in the Treasury Department's capital purchase program, based on its decision that the government funding is not necessary.

Unlike many of its peers, the regional bank has remained profitable during the credit crisis and has maintained its dividend.

Northwest Bancorp is the parent company of Northwest Savings Bank, which operates 168 branches in Pennsylvania, New York, Maryland, Ohio and Florida. ...

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