In Brief: Savings Bank Buying Three Mellon Offices

Mellon Bank Corp. has a deal to sell three Pennsylvania branches to a community bank for an undisclosed price.

Northwest Savings Bank in Warren, Pa., would buy the branches and about $58 million of deposits. Pittsburgh-based Mellon, which has $50 billion of assets, would retain the loans serviced by the three offices.

Northwest, a 103-year-old thrift, has $2.8 billion of assets and 80 branches in 22 counties in central and western Pennsylvania. Its parent, Northwest Bancorp, also owns Jamestown Savings Bank, a $69 million-asset thrift with three branches in New York State.

The cash deal is expected to be completed during the second quarter.

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