A Pennsylvania thrift company is planning an unusual move: to cross into New York by investing about $4 million in a savings bank that has yet to open for business.

Northwest Savings Bank of Warren, Pa., will control about 51% of Jamestown Savings Bank by the time the thrift opens its doors later this year. The deal, which is subject to the approval of state and federal banking regulators, brings Jamestown Savings' capital to $8 million.

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