| Business Summary | | Northwest
Bancorp,
Inc.
is
a
holding
company
of
Northwest
Savings
Bank
and
Jamestown
Savings
Bank
(Jamestown).
As
of
June
30,
2000,
the
Company,
through
the
Bank
and
Jamestown,
operated
106
community
banking
offices
throughout
its
market
area
in
northwest,
southwest
and
central
Pennsylvania,
southwestern
New
York,
and
eastern
Ohio.
The
Company,
through
the
Bank
and
its
wholly
owned
subsidiaries,
also
operates
42
consumer
lending
offices
throughout
Pennsylvania
and
one
consumer
lending
office
in
New
York. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NWSB
is
a
Pennsylvania
chartered,
stock
holding
company
of
Northwest
and
Jamestown
Savings
Banks.
For
the
fiscal
year
ended
6/30/01,
total
interest
income
rose
12%
to
$269.4
million.
Net
interest
income
after
loan
loss
provision
rose
3%
to
$106.8
million.
Net
income
fell
2%
to
$26.8
million.
Net
interest
income
reflects
increased
average
interest
earning
assets,
partially
offset
by
higher
loss
provisions.
Earnings
also
reflect
increased
compensation
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Hanna, 68 Chairman | $526K | William Wagner, 46 Pres,
CEO, Chief Financial Officer, Treasurer, Director | 317K | Gregory LaRocca, 49 Sr.
VP, Admin. and Sec. | 133K | Timothy Huber, 43 Sr.
VP - Bus. Banking | -- | Robert Ordiway, 52 Sr.
VP, Community Banking | 139K | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|