The Dime Bank, Dimeco Inc. Declares Cash Dividend

The Board of Directors of Dimeco, Inc. (OTCQX: DIMC) declared a dividend of $0.42 per share, payable on July 24, 2025, to shareholders of record July 11, 2025. This dividend is 5.0% increase, or $0.02, over the dividend declared in June 2024. Based on the closing stock price of $36.56, this represents a dividend yield of 4.60%. 

President and Chief Executive Officer Peter Bochnovich commented, “This dividend acknowledges our shareholders’ unwavering support and investment in Dimeco, Inc., underscoring our commitment to them. We are dedicated to sustaining our growth and profitability, and to consistently providing our valued customers with exceptional financial products and services.”

Source: Dimeco, Inc. / Contact: Deborah Unflat / June 27, 2025

The Dime Bank Promotes Travis Head

Travis Head has been promoted to Vice President, Operations Manager at The Dime Bank, announced President and Chief Executive Officer Peter Bochnovich.

Travis Head joined The Dime bank in June of 2023 as a management trainee, coming to The Dime Bank team with over fifteen years in business leadership positions.

Head launched his banking career by immersing himself in the universal banker model, gaining hands-on experience across multiple branches. This diverse exposure provided him with a solid foundation in banking operations and a deep understanding of each branch’s unique dynamics. His natural ambitiousness and sharp acumen quickly stood out, leading to his appointment as the person in charge of The Dime Bank’s newly launched project management initiative.

Prior to joining The Dime Bank, Head held the position of chief operating officer at Yoga International, a business which emerged from the Himalayan Institute. There, he was directly responsible for the efficient execution of daily operations, human resources, budgeting, and all aspects of project management. This comprehensive experience underscores his deep understanding of organizational mechanics and financial stewardship. Head holds a Bachelor of Science degree in Finance from Nicholls State University, providing a strong analytical foundation for his operational expertise.

As VP, operations manager, Head will play a pivotal role in driving operational excellence and enhancing overall product performance at The Dime Bank. He’ll be instrumental in leading and supporting cross-functional projects aimed at refining procedures and elevating both internal and external customer service. His work will directly contribute to streamlining operations and delivering superior experiences at The Dime Bank.

President and Chief Executive Officer Pete Bochnovich stated, “I’m excited to announce Travis’ promotion to vice president, operations manager. Travis joined The Dime Bank two years ago, recognizing the opportunity to contribute to a local, growing financial institution. His demonstrated initiative, sharp business acumen, and significant contributions to enhancing our operational efficiency have been pivotal to this well-deserved advancement. Please join me in congratulating Travis and wishing him continued success in his new role.”

The Dime Bank Invests in Financial Literacy for Local Students

The Dime Bank has donated $9,000 to Brighter Financial Futures, a nonprofit dedicated to enhancing financial literacy among students. This contribution, made possible through the Educational Improvement Tax Credit (EITC) Program, will directly benefit students in the Wayne Highlands, Wallenpaupack, and Delaware Valley school districts.

The funds supported the Personal Finance Lab, an innovative program that equips students with essential financial skills through interactive investing and budgeting challenges. The Personal Finance Lab offers a comprehensive learning experience, including:

  • A robust personal finance curriculum covering key financial and business concepts.
  • A realistic stock market challenge simulation to teach the principles of stock market investment.
  • An engaging personal budgeting game simulation that educates students on credit, budgeting, net worth, and overall financial well-being.

Congratulations to all the students who participated in these challenges! Special recognition goes to the top three students in each of the following categories:

High School: 1st Place – Hayden Elderkin, Delaware Valley High School; 2nd Place – Devin Hopkins, Wayne Highlands; 3rd Place – Nora Warner, Wallenpaupack.

Middle/Elementary School: 1st Place – Owen Curtis, Wayne Highlands Middle School; 2nd Place – Diana Sutton, Wallenpaupack Middle School; 3rd Place – Liz Stuart, Wallenpaupack Elementary School.

Personal Budgeting Challenge: 1st Place – Logan Petroski, Wallenpaupack; 2nd Place – Brock Ludwig, Wayne Highlands; 3rd Place – Hayden Elderkin, Delaware Valley.

The first-place winners of the Stock Market Challenge, Owen Curtis of the Wayne Highlands Middle School and Hayden Elderkin of the Delaware Valley High School received a Chromebook, a gift card, and The Dime Bank gift basket. All other students received gift cards, as did the teachers.

President and Chief Executive Officer Peter Bochnovich commented, “The Dime Bank is deeply committed to fostering financial literacy in our youth. Equipping students with personal finance skills today is investing in a future of limitless possibilities. It’s the bedrock for their success.”

Teacher Donald Burchell, AVP Damascus Branch Manager Marcris Rueger, Student Owen Curtis, Principal of Preston School David Jagger.
AVP Dingmans Ferry Branch Manager Amy Burke, VP Marketing Deb Unflat, Student Hayden Elderkin, Teacher Audrey Dennis.

Source: The Dime Bank / Deborah Unflat / June 11, 2025

The Dime Bank Celebrates Employee Anniversaries

Demonstrating its deep appreciation for employee loyalty, The Dime Bank hosts an annual dinner to honor those reaching five-year career milestones. The 2025 event shone a spotlight on 23 individuals, from thirty years of dedication to five years.

These anniversary celebrations are a cornerstone of The Dime Bank’s progressive culture, a heartfelt expression of gratitude for the loyalty and effort shown by its employees. It’s an opportunity to commemorate their achievements and unwavering commitment to The Dime Bank.

President and Chief Executive Officer Peter Bochnovich commented, “Our employees are the heart of what makes The Dime Bank unique and fosters its positive spirit. Their respect, dedication, and loyalty are the foundation for exceptional customer service, and each employee plays an indispensable role in The Dime Bank’s continued success. The bank proudly acknowledges and thanks them for their dedication and hard work.”

Pictured left to right:

Front row: 25 years of service- Deborah Unflat; 20 years of service- Bryan Rupp, Amy Burke, Tom Didato, Donna Vogel.

Second row: 15 years of service- Chase Holl, Meghan Gibbons, Victoria DiGiuseppe, Jaimie Fiebiger; 10 years of service- Robert Karoscik, Tina Geer, Nancy Mead, Viktoria Beiter, Gary Schemel.

Third row: 5 years of service- Kevin Urian, Randi Yonke, Nicholas Pomroy.

Not Pictured: 30 years of service- Julene McGraw; 25 years- Suzanne Mansfield; 20 years- Mary Carol Hanis; 10 years- Cheryl Holmquist, Michael Borick, Diane Christopher-Riefler.

The Dime Bank Announces Cash Dividend

On March 21, 2024, The Board of Directors of Dimeco, Inc. (OTCQX: DIMC) and its subsidiary The Dime Bank declared a dividend of $.40 per share for the first quarter of 2024, which represents a dividend yield of 4.64% based on the closing stock price of $34.50. The dividend is payable on April 25, 2024, to shareholders of record on April 1, 2024. This dividend is an increase of $0.02 per share, or 5.26% over the dividend declared for the same period 2023. 

President and Chief Executive Officer Peter Bochnovich, stated, “Our shareholders play a crucial role in the success of Dimeco, Inc. Their investment empowers us to be innovative within our industry and bring the best financial services to our communities. This dividend shows our gratitude for their unwavering commitment and trust in our company.”