Dimeco, Inc. Declares Cash Dividend The Board of Directors of Dimeco, Inc. (OTCQX: DIMC) declared a dividend on September 18, 2025, of $0.42 per share to shareholders of record September 29, 2025. The dividend is payable on October 23, 2025, the anticipated date to release earnings for the third quarter of 2025. This dividend is an increase of $0.02 per share over the dividend declared in September 2024 and produces a yield of 4.36% at the market value of $38.54 on September 18, 2025. President and Chief Executive Officer Peter Bochnovich stated, “We continue to prioritize delivering exceptional banking services to our customers and the communities we serve. This dividend reflects our sincere appreciation to Dimeco shareholders for their steadfast commitment to our purpose and their continued trust.”
The Wright Center, Honesdale Boy Recieves Kidney Transplant Jake Algerio plays at Honesdale Central Park, less than four months after receiving a new kidney from a deceased donor. The sixth-grader has coped with kidney problems all his life, including undergoing nightly dialysis for the last nine years. When the call came from the Children’s Hospital of Philadelphia (CHOP), Brianne Algerio missed it. Cellphone trouble meant the initial good news, which she’d been waiting for since 2019, went straight to her voicemail. As she scrambled to call the hospital back, CHOP staff called again and informed her that a kidney had been found for her 12-year-old son, Jake Algerio. Her joy was tempered with skepticism. “I was actually thinking, are they sure?” she said about the call on May 1. “We had been to CHOP two months before because they had a kidney for Jake, but it didn’t work out. He didn’t get the surgery.” Algerio, a certified medical assistant at The Wright Center for Community Health Hawley in Wayne County, Pennsylvania, didn’t begin to feel hope until CHOP staff wheeled Jake into the operating room on a gurney. Jake Algerio with his mom, Brianne Algerio, at Honesdale Central Park. When she got the call on May 1 from Children’s Hospital of Philadelphia about having a new kidney for Jake, her joy was tempered with skepticism. They had a similar call in March, but the surgery didn’t happen. Jake’s medical challenges began before he was born. One of his kidneys measures only half a centimeter and the other just one centimeter – far smaller than the average of nearly nine and a half centimeters for a child his age. Since birth, he has endured countless hospitalizations, surgeries, and infections. For the past nine years, he has relied on nightly peritoneal dialysis, which uses a catheter to filter toxins through the lining of his abdominal wall. In September 2019, Jake underwent a kidney transplant at Geisinger Medical Center in Danville, Pennsylvania. Complications led to the removal of the new kidney shortly thereafter, and Jake celebrated his sixth birthday in a hospital bed. Since then, Algerio and her husband, Don Sweeley Jr., have worked to find a living donor for Jake. Nearly 104,000 people across the United States need an organ transplant, according to the United Network for Organ Sharing (UNOS), a private, nonprofit organization that manages the nation’s organ transplant system under contract with the federal government. Of those, more than 96,000 need a kidney, according to UNOS. Most patients wait between three to five years for a kidney donor. Jake’s new kidney came from a deceased donor, about a year after his name was re-added to the UNOS waiting list. Incredibly, the kidney he received was a near-perfect match for Jake, CHOP staff told Algerio. “The hospital staff were all celebrating,” Algerio said. Before she could join in, however, her son had to endure the eight-hour transplant surgery. She described the agonizing wait alone at CHOP that day, receiving texts from her husband and her mother asking for updates that she didn’t have. After the surgery was complete, she briefly visited Jake in his hospital room to reassure him. He was groggy and disoriented from surgery, she said. Mom and son spent about two weeks at CHOP after Jake’s surgery. After they returned home to Honesdale, they visited the hospital weekly for about two months. These days, they make the trip every other week to ensure Jake is recovering as scheduled. “We’ll eventually start going monthly until about November or December, just to make sure Jake’s body doesn’t reject the transplant,” Algerio said. “I won’t really relax until it’s been a year since the surgery. It still feels like it’s just the first hurdle for him.” Four months after the surgery, though, there’s no denying how much healthier he looks and feels. Algerio smiled as she watched Jake, sporting bright red Sketchers sneakers, race around with his younger sisters – 7-year-old Zoey and 5-year-old Emma – at Honedale Central Park on a sunny afternoon in September. His older brother Ryan, 18, was waiting at home. “Jake couldn’t play like this in April,” Algerio said. “He’d get tired so easily. He was like a little old man, hunched over and out of breath.” In addition to being more energetic, Jake has gained a little weight and grown a few inches taller. He also celebrated a fun milestone this summer – a visit to Honesdale Borough Pool on Aug. 9. Pre-transplant, he had to avoid public pools because the chlorine could have damaged the catheter inserted into his stomach or caused an infection. “He was hesitant to swim at first, but I told him, ‘Just jump in,’” Algerio said. “He did, and he had a ball playing with his friend.” Pausing from his playground games, Jake said he’s feeling better since he received his new kidney. He hiked up his shirt to show off his stomach scars – a little pucker where his catheter once was and some healing surgical incisions from the transplant procedure. Post-transplant, Jake is looking forward to going on vacation because his dialysis machine has made it difficult for him to travel. After he came home from CHOP in mid-May, his family returned his dialysis machine to the hospital and discarded all the dialysis equipment that was a part of his nightly routine for most of his life. “Maybe to Florida to visit my grandpa,” he said about where he’d like to go. “That would be fun.” Jake Algerio with his sisters Zoey, and Emma at Honesdale Central Park. Four months after receiving a kidney transplant, Jake has gained weight, grown a few inches, and can now keep up with his younger sisters on the playground.
Johnson College Announces 2025 Summer Camp Series SCRANTON, Pa. (May 1, 2025) – Johnson College will host a 2025 Summer Camp Series for rising 5th through 8th grade students. There will be nine different camps that will run on weekdays from 9 a.m. to 1 p.m. and include hands-on learning in building trades, robotics, drafting and design, animal sciences, and engineering and aviation. Through the support of Pleasant Mount Welding, Inc., and the Wayne County Community Foundation, all of the Johnson College summer camps will be free to participants. Participants must bring their own lunch. To register for a Johnson College Summer Camp, visit https://johnson.edu/summercamps/. For more information, contact Tim Frank, Associate Director of Community Engagement at Johnson College at tfrank@johnson.edu. 2025 Johnson College Summer Camp list: Building Trades at the Stourbridge Tech Hub in Honesdale June 23-27 from 9 a.m. to 1 p.m. Learn the basics of carpentry and how to use hand and power tools safely to build a project. Registration deadline: June 2 Robotics at the Stourbridge Tech Hub in Honesdale June 23-27 from 9 a.m. to 1 p.m. Learn the basics of robotics and robotics block coding to use robots to complete various coding challenges. Registration deadline: June 2 Robotics at the Carbondale High School June 23-26 from 9 a.m. to 1 p.m. Learn the basics of robotics and robotics block coding to use robots to complete various coding challenges. Registration deadline: June 2 Building Trades at Johnson College Scranton July 7-11 from 9 a.m. to 1 p.m. Learn the basics of carpentry and how to use hand and power tools safely to build a project. Registration deadline: June 20 Robotics at Johnson College Hazleton July 7-11 from 9 a.m. to 1 p.m. Learn the basics of robotics and robotics block coding to use robots to complete various coding challenges. Registration deadline: June 20 Drafting & Design at Johnson College Scranton July 14-18 from 9 a.m. to 1 p.m. Learn the basics of AutoCAD and REVIT design principles and techniques to complete various design challenges. Registration deadline: June 27 Animal Science at Johnson College Scranton July 14-16 from 9 a.m. to 1 p.m. Learn about careers in the Veterinary Nursing field, animal anatomy, clinical procedures, and complete a dissection. Registration deadline: June 27 Robotics at Johnson College Scranton August 4-8 from 9 a.m. to 1 p.m. Learn the basics of robotics and robotics block coding to use robots to complete various coding challenges. Registration deadline: July 25 Engineering & Aviation at Johnson College Scranton August 11-15 from 9 a.m. to 1 p.m. Learn the basics of engineering with an emphasis on aviation to complete various hands-on design challenges. Registration deadline: July 25
The Dime Bank Announces First Quarter Earnings for 2025 Dimeco, Inc. (OTCQX: DIMC), the holding company for The Dime Bank, reported unaudited results for the first quarter of 2025. On March 31, 2025, total assets were $1.1 billion, an increase of $102.3 million over March 31, 2024. During this same period, total loans increased by $39.7 million to $784 million, a growth rate of 5.3%. Deposits were $934 million on March 31, 2025, $88.7 million or 10.5% greater than the previous year. For the three months ending March 31, 2025, Dimeco recorded net income of $3.2 million, up 37.1% or $876 thousand from the same period last year. Net income at this level resulted in a return on average assets of 1.18% and a return on average equity of 11.88%. Maintaining a strong capital position, stockholders’ equity was $110.9 million on March 31, 2025, representing growth of 12.0% over balances a year earlier. Dividends reflected a solid 5% increase, amounting to $.42 per share for the period ended March 31, 2025, producing a dividend yield of 4.67%. President and Chief Executive Officer Peter Bochnovich stated, “I am happy to present the results of Dimeco, Inc. for the first quarter of 2025. Dimeco continues to grow prudently and remains vigilant about cost containment and looking for opportunities to generate additional revenue. We look forward to the remainder of the year and know that while there are many uncertainties, especially with the economy, there will also be opportunities. As always, we thank our shareholders and customers for their continued support and commitment.”
The Honesdale National Bank Promotes Robert Ferraro to VP, Area Manager Kate Bryant, President, and CEO of The Honesdale National Bank announced Robert Ferraro has been promoted to VP, Area Manager. In making the announcement, Bryant stated, “Bob’s promotion to Vice President highlights his commitment to servicing our customers and our branch teams.” She continued, “His leadership and dedication continue to provide a positive impact for our Bank, and we look forward to his continued success.” As VP, Area Manager, Ferraro will continue in his responsibility for overseeing all the organization’s branches, developing and implementing business plans to achieve area-wide goals and objectives. He will supervise and support branch managers, providing guidance on operations, sales, and customer service. He is a graduate of Abington Heights High School and holds a Bachelor of Science degree in Business Management from the University of Scranton. Ferraro has been in the financial industry for 24 years. He has developed a comprehensive understanding of banking operations through various roles, including customer service, sales, marketing, and branch management. These experiences have equipped him with a unique blend of customer-focused and operational expertise. Reflecting on his promotion at the Bank, Ferraro noted, “I appreciate the opportunity to work for a company that shares my passion for delivering outstanding customer experiences and fostering meaningful relationships with our clients.” Outside of the Bank, he is an active member of the Junior Cougar Football Association. In his free time, he enjoys coaching young athletes on the football field, helping children develop their passion for the sport. At home, he is a devoted husband to his wife. They are blessed with two wonderful children and two loving pets. The Honesdale National Bank, established in 1836, holds the distinction of being the area’s oldest independent community bank headquartered in Northeastern PA, with offices in Wayne, Pike, Susquehanna, Lackawanna, and Luzerne Counties. The Honesdale National Bank offers personal banking, business banking and wealth solutions. For more information on HNB’s products and services, visit www.hnbbank.bank.
The Dime Bank Promotes Gary Schemel II to Assistant VP The Dime Bank is pleased to announce the promotion of Gary Schemel II to the position of Assistant Vice President. In his role, Mr. Schemel is responsible for the oversight of the Bank Secrecy Act (BSA) / Anti-Money Laundering (AML) and the fraud department. He is instrumental in designing, implementing, and overseeing the BSA/AML compliance program, ensuring the Bank’s adherence to relevant laws and regulations, and investigating potential suspicious activity. Schemel joined The Dime Bank in September 2015, as a fraud specialist. In December 2021, he was promoted to BSA-fraud manager, and most recently, in December 2024, he was elevated to BSA/AML fraud officer. This latest promotion to assistant vice president recognizes his significant contributions and expertise in this critical area. “We are delighted to recognize Gary’s hard work and commitment with this well-deserved promotion,” said Peter Bochnovich, The Dime Bank president and chief executive officer. “Gary has consistently demonstrated a strong understanding of BSA/AML regulations and has played a vital role in ensuring the integrity and security of The Dime Bank. His dedication and expertise make him an invaluable asset to our team. Please join me in congratulating Gary and wishing him continued success.” Schemel brings eleven years of banking experience to his new role, including his tenure at The Dime Bank. He holds a Bachelor of Science in Accounting from King’s College. He has furthered his professional development by completing the PA Bankers Association’s Banking School in 2018 and is currently enrolled in the PBA Advanced School of Banking. Additionally, Schemel earned his BSA/AML Professional Certification from the Independent Community Bankers of America (ICBA) in 2023. Outside of his professional achievements, Schemel is currently taking an improv class. “At The Dime Bank, teamwork really makes the dream work,” said Gary Schemel II. “I am honored and grateful for this opportunity and look forward to continuing to contribute to the success of The Dime Bank in this elevated capacity.”
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The Dime Bank Promotes Maurice Dennis to Director of Lending Maurice (Mick) Dennis to now serve as Director of Lending at The Dime Bank, announced President and Chief Executive Officer Peter Bochnovich. He will supervise the bank’s commercial, mortgage, and consumer lenders as well as special assets. Additionally, Dennis will continue to assist area businesses attain the financing they need to grow. Dennis brings to this role over 16 years of distinguished experience in the financial sector, a career marked by consistent growth and exceptional performance. Dennis has been helping The Dime Bank business customers since 2019 as vice president commercial loan officer, where he played a crucial role in actively seeking and developing new commercial loan relationships while maintaining strong relationships with existing customers. Prior to The Dime Bank, Dennis honed his expertise through a series of progressive roles. He began his career developing a rigorous foundation in commercial loan underwriting and evaluation. He then excelled as a commercial documentation officer, ensuring the accuracy and efficiency of critical loan processes. His proven track record of success led to further advancement, where he effectively expanded business relationships in northeastern PA and the Poconos. Dennis’ banking career began with a strong academic background, including degrees from two well-respected universities. He graduated with a Master of Business Administration in Finance from the University of Scranton and a Bachelor of Science in Finance from Bloomsburg University of Pennsylvania. Over the course of his career, he has supplemented his education with professional course certificates attained through the PA Bankers Association. He is also a graduate of Leadership Wayne. President and Chief Executive Officer Pete Bochnovich stated, “Please join me in congratulating Mick on his promotion to Director of Lending. For the past five years, Mick has demonstrated exceptional dedication, expertise, and leadership within our lending department. His deep understanding of the financial landscape, coupled with his commitment to fostering strong customer relationships and community involvement, has been instrumental in his success. Mick’s ability to navigate complex lending scenarios, his innovative approach to problem-solving, and his unwavering focus on responsible lending practices have exceeded expectations. He has proven himself to be an asset, and I am confident that in this new role he will continue to drive growth and excellence in our lending operations.” Dennis is the proud founder of Wayne Highlands Little League and continues to serve on the board of directors as treasurer. He is also a board member of Northeastern Pennsylvania Alliance Business Financial Corporation.
The Honesdale National Bank Promotes Mortgage Manager Thomas E. Sheridan Jr., President, and CEO of The Honesdale National Bank, announced Deborah Saracino has been promoted to VP, Residential Mortgage Manager. In making the announcement Sheridan stated, “Debbie’s extensive experience and leadership in mortgage lending are tremendous assets to our team.” He continued, “Her knowledge and commitment to excellence will greatly contribute to our success and help us achieve our strategic objectives, ensuring we continue to deliver outstanding service to our clients.” As VP, Residential Mortgage Manager, Saracino will be responsible for the comprehensive management and oversight of residential mortgage operations. This includes the production, processing, closing, and servicing of mortgage loans. She will ensure the seamless execution of all phases of the mortgage lifecycle, maintaining high standards of accuracy, efficiency, and regulatory compliance. Currently residing in Penn Lake, PA, she brings over 30 years of experience in mortgage lending. Her extensive career includes roles as a mortgage loan officer and as a mortgage department manager, showcasing her comprehensive expertise in the industry. In commenting on her new role at the bank, Saracino noted, “My entire career is about making the dream of homeownership a reality. The joy I have witnessed in doing so, is amazing.” Outside of the Bank, she is on the Board of Directors of the Penn Lake Association. Additionally, she enjoys spending time with her family, especially her two grandchildren.
Wayne Bank Announces New Cash Management Officer Jim Donnelly, President and Chief Executive Officer of Wayne Bank, is pleased to welcome Alissa Weiss as Cash Management Officer. In this role, Weiss will provide comprehensive cash management services to the Bank’s business clients, which includes personalized account analysis, payment processing, and cash concentration solutions. “We are thrilled to welcome Alissa to our team,” stated Mr. Donnelly. Her extensive expertise in cash management and strategic financial operations aligns with our commitment to delivering exceptional financial solutions to our customers. We look forward to the positive impact Alissa will bring to our customers.” With over ten years’ experience in the finance industry, Weiss brings a wealth of knowledge in treasury management, risk mitigation, and cash flow optimization. Alissa is dedicated to making financial management easier, more efficient, and tailored to thecustomers unique needs. She holds a Bachelor of Business Administration degree from Marywood University and a Master of Business Administration degree from Louisianna State University Shreveport. Weiss believes in giving back to her community and is the Founder and President of PAWS of NEPA, an organization dedicated to providing financial assistance for veterinary care. She is also a Board Member of Green Trees Early Learning Center and the Treasurer of Blue Heron Woods POA. She resides in Hawley with her husband, Wayne, and their son, Jett.
