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Northwest Bancshares Inc. reports loss

Northwest Bancshares Inc. announced a net loss for the quarter ended June 30, 2020, of $6.2 million, or 5 cents per diluted share. This represents a decrease of $32.6 million, or 123.5%, compared to the same quarter last year when net income was $26.4 million or $0.25 per diluted share. The annualized returns on average shareholders’ equity and average assets for the quarter ended June 30, 2020, were negative 1.63% and negative .18% compared to 8.01% and 1.02% for the same quarter last year. As noted in the company’s non-GAAP reconciliation, when adjusting for COVID-related ...

Making it work

When Allegheny Outfitters re-opened on May 9, owner Piper VanOrd admitted both she and her team had their reservations about how best to proceed. With patrons from approximately 48 states visiting her outdoors store and planning summer excursions through her kayak and canoe livery each ...

County’s ‘Move to Green Task Force’ was pushing Wolf before Friday’s announcement

“We are at a moment in time where we must dare to reopen.” The county’s “Move to Green Task Force” wanted to move to the “Green Phase” of Gov. Tom Wolf’s COVID-19 mitigation “no later” than June 5. “Warren County is not inclined to take any other action except in agreement with your administration,” a cover letter for the plan dated May 21 stated. But that’s followed by what amounts to a veiled threat — “continuation of business shutdowns with no attendant increase in cases or risk would require Warren County to explore all its options.” In the ...

Department of Labor & Industry breaking down unemployment claims

The Pennsylvania Department of Labor and Industry has developed an unemployment dashboard. The material is broken down by county and provides weekly data regarding claims and who is making them. For the week ending May 16, there were 75 new claims in Warren County. Of those, about 59 ...

‘More than ever’

Wednesday is an annual Warren County day of giving. For 16 hours today, the eighth annual Warren Gives will collect donations, and provide a total of $40,000 in matching dollars, for Warren County organizations. It’s an unusual year. Organizers of the event considered canceling ...

Contractors: Beware of job scam

Businesses can be the targets of scams, too. Conewango Police reported recently that a local contractor was approached, by text and phone, about a job. The contractor went to the location, checked out the roof to be replaced, and prepared an estimate, according to police. The caller asked to pay through a credit card service. The contractor became suspicious of the situation, according to police. He looked up the ownership of the property and contacted the listed owner — who had no knowledge of the work. The contractor then notified police. The details of the plan are not ...