Northwest Bancorp Inc. Authorizes the Repurchase of Another 5% of Publicly Traded Common Stock

, Northwest Bancorp, Inc. The stock repurchase program may be carried out
through open market purchases, block trades, and in negotiated private
transactions. It
fulfills this work through a statewide staff of expert professionals who have
tested expertise across a wide variety of business, technology, manufacturing,
engineering, publishing and research disciplines.

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The stock may be repurchased on an ongoing basis and will be
subject to the availability of stock, general market conditions, the trading
price of the stock, alternative uses for capital, and the Company 's financial
performance. Headquartered in Eden

Prairie, MN with multiple plant locations and ISO 9001:2000 and ISO 13485:2003
certification. (MTI) is a nonprofit, 501(c) (3) organization
whose mission is to help its business customers gain competitive advantages,
support their growth, and contribute to Minnesota's economic vitality.

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Examples of forward-looking
statements include, but are not limited to, estimates with respect to our
financial condition, results of operations and business that are subject to
various factors which could cause actual results to differ materially from
these estimates and most other statements that are not historical in nature.m.

About MTI
Minnesota Technology, Inc.

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10 at the
Minneapolis Convention Center, beginning with a reception and silent auction
at 4:30 p. A list of all
finalists and categories can be found at http://www . In 2005, the company
merged with Logic Product Development, Minneapolis, providing product
development services and Embedded Computing Products.

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The awards are separated into both emerging and established company
categories that recognize the best and brightest in the innovation,
development, education , commercialization and management of technology. These 2005 Tekne finalists provide exceptional models for
using technology to reinvent and grow their businesses," said Wayne A.m.

About Micro Dynamics
Micro Dynamics is a full service EMS provider since 1981 delivering a wide
range of end-to-end value added design, engineering and manufacturing
fulfillment services to a robust mix of customers in Communications,
Computing, Industrial, Aerospace and Medical devices that serve domestic and
worldwide markets.

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In
addition, the Company's Board of Directors authorized the repurchase of an
additional 5%, or approximately one million of the Company's publicly traded
shares of common stock.tekneawards.

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, president and CEO of MTI.
The 2005 Tekne Awards will be presented on Thursday, Nov.
Fifty-one finalists have been named in 17 categories.org .

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WARREN, Pa. For more information: http://www.
MHTA is the only membership organization that represents Minnesota 's entire
technology-based economy.

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MHTA works in partnership with AeA,
which represents Minnesota 's technology organizations nationally.

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Any repurchased shares will be held as treasury stock and will
be available for general corporate purposes. It recently
announced the proposed acquisition of Maryland Permanent Bank + Trust Co.

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Micro Dynamics + Win Wood Named as Tekne Award Finalist

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, a
$90 million commercial bank with two offices in the greater Baltimore,
Maryland area.D.m. MHTA members include organizations of every size --
involved in virtually every aspect of technology creation , production,
application and education in Minnesota.

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These factors include, but are not limited to, general and local economic
conditions, changes in interest rates, deposit flows, demand for mortgage ,
commercial and other loans, real estate values, competition, changes in
accounting principles , policies, or guidelines, changes in legislation or
regulation, and other economic, competitive, governmental, regulatory, and
technological factors affecting our operations, pricing, products and
services., Micro Dynamics Corporation
(MDC) and Win Wood, MDC Vice President of Strategic Programs , have been named
as a finalist for a 2005 Tekne Award, Minnesota's annual awards program that
recognizes companies and individuals who have shown superior technology
innovation and leadership. More
information on the MHTA can be found at http://www.

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44.5
billion, Northwest Bancorp, Inc. Services include design , engineering, turnkey supply chain
management, prototyping, manufacturing, test + inspection, systems
integration, fulfillment, post manufacturing services and Lead Free
manufacturing solutions to meet pending requirements.

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A full-service financial institution with assets of approximately $6."
"The Tekne Awards have come to represent a collection of preeminent
technology companies that are industry leaders in not just Minnesota, but
around the globe," said Kate Rubin, president of MHTA., followed by dinner at 6 p.

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The Minnesota High Tech Association (MHTA) and Minnesota Technology, Inc.

About MHTA
The Minnesota High Tech Association (MHTA) accelerates the growth, success
and sustainability of Minnesota's technology-based economy through public
policy advocacy, member collaboration and education, and community outreach.

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"Once again, this
year's award finalists prove that Minnesota is an ever-increasing hub for
technology innovation.

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org .

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(Nasdaq: NWSB) announced today that it has completed its initial stock
repurchase program of 1,016,400 shares at an average price of $22. is the parent company of Northwest Savings
Bank, which serves its customers in Pennsylvania, New York, Ohio, Maryland and
Florida with a network of 153 community banking offices .

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"This is the ultimate compliment to the corporation and its
employees to be a finalist among such great companies in the Minnesota
technology arena.org . It helped create and retain over 2,500 jobs, saved its clients more
than $70 million, and helped generate $80 million in new technology
investments.

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This new release contains certain "forward-looking statements" which may
be identified by the use of words such as "believe," "expect," "anticipate,"
"should," "planned ," "estimated" and "potential".
Pletcher, Ph.microdynamics. For more information visit http://www .minnesotatechnology.

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Premier Awards Program Recognizes Minnesota Companies and Individuals for
Technology Innovation and Leadership

EDEN PRAIRIE, Minn. and the awards ceremony at 7:00
p.

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"The Micro Dynamics team is very proud of our company's advancements in
technology services and Win Wood's strong leadership skills," said Mike Brown,
CEO of MDC."
"To survive in today's economy, companies must be technologically agile
and progressive.com/ .mhta.

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(MTI), in partnership with Medical Alley/MNBIO, have joined together to
recognize technology innovators and leaders who have made lasting
contributions to enhancing the quality of life and competitiveness of
Minnesota. In the last three years, MTI
has helped nearly 2,000 Minnesota companies and made a significant economic
impact.