Northwest Bancshares Inc. in Warren, Pa., said Tuesday that it is closing its Florida operation.

The $8.1 billion-asset company said its board had authorized the closing of its three Florida branches. The presence in Florida is small, with $59 million in deposits and $106 million in loans. The company said the offices would be closed this year.

The company also said it earned $12.7 million in the fourth quarter, up from $1 million a year earlier. Net interest income rose 15.8% from a year earlier, to $9.2 million. The fourth quarter of 2009 included a $13.8 million charge for the creation of a charitable foundation tied to a second-step conversion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.