Northwest Savings Bank has agreed to buy $56 million- asset Bridgeville Savings Bank for $18.3 million.

Under the agreement, each share of Bridgeville stock will be exchanged for $16 in cash. Prior to the transaction, Bridgeville will also pay a one- time special dividend of up to 15 cents per share and will continue paying its quarterly dividend of up to 8 cents per share.

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