STOCK HOLDING COMPANY CHARTER
     Section 1. Corporate  Title. The full corporate title of the Mutual Holding
Company subsidiary holding company is Northwest Bancorp, Inc. (the "Company").
     Section 2.  Domicile.  The domicile of the Company  shall be located in the
City of Warren in the Commonwealth of Pennsylvania.
     Section 3. Duration. The duration of the Company is perpetual.
     Section 4. Purpose and Powers.  The purpose of the Company is to pursue any
or all of the lawful  objectives of a federal mutual holding  company  chartered
under  Section  10(o) of the Home Owners' Loan Act, 12 U.S.C.  1467a(o),  and to
exercise all of the express,  implied,  and incidental  powers conferred thereby
and by all acts  amendatory  thereof and  supplemental  thereto,  subject to the
Constitution and laws of the United States as they are now in effect, or as they
may  hereafter  be  amended,  and  subject to all lawful and  applicable  rules,
regulations, and orders of the Office of Thrift Supervision (the "Office").
     Section 5. Capital Stock.  The total number of shares of all classes of the
capital  stock that the Company has the  authority  to issue is  110,000,000  of
which  100,000,000  shares shall be common stock, par value $0.10 per share, and
of which 10,000,000  shares shall be serial preferred stock, par value $0.10 per
share.  The shares may be issued from time to time as authorized by the board of
directors without the approval of its shareholders, except as otherwise provided
in this  Section 5 or to the extent that such  approval is required by governing
law, rule, or regulation. The consideration for the issuance of the shares shall
be paid in full before their  issuance and shall not be less than the par value.
Neither  promissory notes nor future services shall  constitute  payment or part
payment for the issuance of shares of the  Company.  The  consideration  for the
shares shall be cash,  tangible or  intangible  property  (to the extent  direct
investment  in such  property  would be permitted  to the  Company),  labor,  or
services  actually  performed  for  the  Company,  or  any  combination  of  the
foregoing. In the absence of actual fraud in the transaction,  the value of such
property,  labor,  or services,  as  determined by the board of directors of the
Company,  shall be conclusive.  Upon payment of such consideration,  such shares
shall be  deemed  to be fully  paid  and  nonassessable.  In the case of a stock
dividend,  that part of the retained earnings of the Company that is transferred
to common  stock or paid in capital  accounts  upon the  issuance of shares as a
stock dividend shall be deemed to be the consideration for their issuance.
     Except for shares  issued in the initial  organization  of the Company,  no
shares of capital stock (including shares issuable upon conversion, exchange, or
exercise  of other  securities)  shall be issued,  directly  or  indirectly,  to
officers,  directors,  or controlling  persons  (except for shares issued to the
parent  mutual  holding  company) of the Company other than as part of a general
public  offering or as qualifying  shares to a director,  unless the issuance or
the plan under which they would be issued has been approved by a majority of the
total votes eligible to be cast at a legal meeting.
     Nothing  contained  in this  Section  5 (or in any  supplementary  sections
hereto)  shall  entitle the  holders of any class or series of capital  stock to
vote as a separate class or series or to more than one vote per share, and there
shall be no cumulation of votes for the election of  directors.  Provided,  that
this restriction on voting separately by class or series shall not apply: (i) To
any provision which would authorize the holders of preferred stock,  voting as a
class or series,  to elect some members of the board of  directors,  less than a
majority  thereof,  in the event of default in the payment of  dividends  on any
class or series of preferred  stock;  (ii) To any provision  which would require
the  holders of  preferred  stock,  voting as a class or series,  to approve the
merger or  consolidation  of the Company with another  corporation  or the sale,
lease,  or  conveyance  (other  than by  mortgage  or pledge) of  properties  or
business in exchange for  securities of a corporation  other than the Company if
the preferred stock is exchanged for securities of such other
corporation:   Provided,  that  no  provision  may  require  such  approval  for
transactions  undertaken with the assistance or pursuant to the direction of the
Office or the Federal  Deposit  Insurance  Corporation;  (iii) To any  amendment
which  would  adversely  change  the  specific  terms of any  class or series of
capital stock as set forth in this Section 5 (or in any  supplementary  sections
hereto),  including  any  amendment  which would  create or enlarge any class or
series  ranking  prior  thereto in rights and  preferences.  An amendment  which
increases  the  number of  authorized  shares of any class or series of  capital
stock, or substitutes the surviving Company in a merger or consolidation for the
Company, shall not be considered to be such an adverse change.
     A description of the different  classes and series of the Company's capital
stock and a statement of the designations,  and the relative rights, preferences
and  limitations  of the shares of each class of and series of capital stock are
as follows:
     A.  Common  Stock.  Except  as  provided  in  this  Section  5 (or  in  any
supplementary  sections  thereto) the holders of common stock shall  exclusively
possess  all  voting  power.  Each  holder of shares  of common  stock  shall be
entitled  to one vote for  each  share  held by such  holder,  except  as to the
cumulation of votes for the election of directors,  unless the charter otherwise
provides there shall be no such cumulative voting.
     Whenever there shall have been paid, or declared and set aside for payment,
to the holders of the outstanding shares of any class of stock having preference
over the common stock as to payment of  dividends,  the full amount of dividends
and of sinking fund,  retirement fund or other retirement  payments,  if any, to
which such holders are respectively  entitled in preference to the common stock,
then  dividends  may be paid on the  common  stock and on any class or series of
stock  entitled  to  participate  therewith  as to  dividends  out of any assets
legally available for the payment of dividends.
     In the event of any liquidation, dissolution, or winding up of the Company,
the holders of the common stock (and the holders of any class or series of stock
entitled to  participate  with the common stock in the  distribution  of assets)
shall be  entitled  to  receive,  in cash or in kind,  the assets of the Company
available for distribution remaining after: (i) payment or provision for payment
of the Company's  debts and  liabilities;  (ii)  distributions  or provision for
distributions in settlement of its liquidation  account; and (iii) distributions
or  provisions  for  distributions  to  holders  of any class or series of stock
having  preference  over the common stock in the  liquidation,  dissolution,  or
winding  up of the  Company.  Each  share of common  stock  shall  have the same
relative rights as and be identical in all respects with all the other shares of
common stock.
     B. Preferred Stock.  The Company may provide in  supplementary  sections to
its  charter  for one or  more  classes  of  preferred  stock,  which  shall  be
separately identified. The shares of any class may be divided into and issued in
series,  with each series separately  designated so as to distinguish the shares
thereof  from the  shares of all other  series  and  classes.  The terms of each
series shall be set forth in a supplementary  section to the charter. All shares
of the same class shall be identical, except as to the following relative rights
and preferences,  as to which there may be variations  between different series:
(a) The distinctive  serial  designation  and the number of shares  constituting
such series;  (b) The dividend rate or the amount of dividends to be paid on the
shares of such series,  whether  dividends  shall be cumulative and, if so, from
which date(s), the payment date(s) for dividends, and the participating or other
special rights, if any, with respect to dividends;  (c) The voting powers,  full
or  limited,  if any, of shares of such  series;  (d) Whether the shares of such
series shall be redeemable and, if so, the price(s) at which,  and the terms and
conditions on which, such shares may be redeemed; (e) The amount(s) payable upon
the shares of such series in the event of voluntary or involuntary  liquidation,
dissolution, or winding up of the Company; (f) Whether the shares of such series
shall be entitled to the benefit of a sinking or  retirement  fund to be applied
to the purchase or redemption of such shares, and if so entitled,  the amount of
such fund and the manner of its  application,  including  the  price(s) at which
such shares may be redeemed or purchased  through the  application of such fund;
(g) Whether the shares of such series shall be convertible into, or exchangeable
for,  shares of any other class or classes of stock of the  Company  and, if so,
the conversion price(s) or the rate(s) of exchange, and the adjustments thereof,
if any, at which such  conversion  or exchange may be made,  and any other terms
and  conditions  of  such  conversion  or  exchange;  (h)  The  price  or  other
consideration  for which the  shares of such  series  shall be  issued;  and (i)
Whether the shares
of such  series  which  are  redeemed  or  converted  shall  have the  status of
authorized but unissued shares of serial preferred stock and whether such shares
may be  reissued as shares of the same or any other  series of serial  preferred
     Each share of each  series of serial  preferred  stock  shall have the same
relative rights as and be identical in all respects with all the other shares of
the same series.
     The board of directors  shall have authority to divide,  by the adoption of
supplementary  charter  sections,  any authorized  class of preferred stock into
series and,  within the  limitations set forth in this section and the remainder
of this charter,  fix and determine the relative  rights and  preferences of the
shares of any series so established.
     Prior to the issuance of any preferred shares of a series  established by a
supplementary  charter  section  adopted by the board of directors,  the Company
shall file with the  Secretary to the Office a dated copy of that  supplementary
section of this charter  establishing  and designating the series and fixing and
determining the relative rights and preferences thereof.
     Section 6. Preemptive  Rights.  Holders of the capital stock of the Company
shall not be entitled  to  preemptive  rights with  respect to any shares of the
Company which may be issued.
     Section 7.  Directors.  The Company shall be under the direction of a board
of directors.  The  authorized  number of directors,  as stated in the Company's
bylaws, shall not be fewer than five nor more than fifteen except when a greater
or lesser  number is  approved  by the  Director  of the  Office,  or his or her
     Section  8.  Amendment  of  Charter.  Except as  provided  in Section 5, no
amendment, addition, alteration, change or repeal of this charter shall be made,
unless such is proposed by the board of directors  of the  Company,  approved by
the  shareholders  by a  majority  of the votes  eligible  to be cast at a legal
meeting, unless a higher vote is otherwise required, and approved or preapproved
by the Office.
ATTEST:          /s/ Gregory C. LaRocca
                 Gregory C. LaRocca, Corporate Secretary
      By:        /s/ John O. Hanna
                 John O. Hanna, Chairman, President
                 and Chief Executive Officer