The Dime Bank Contributed to the Geisinger Health Foundation The Dime Bank contributed $15,000.00 to the Geisinger Health Foundation through the Educational Improvement Tax Credit (EITC) Program. The Dime Bank’s contribution assists with funding the Regional Educational Academy for Careers in Health-Higher Education Initiative (REACH-HEI) program, which runs out of the Geisinger Commonwealth School of Medicine (GCSOM) and serves students grades 8-12 within 9 counties in Northeast and Central, PA. REACH-HEI is a specialized out-of-school program that aims to identify and support students who are most in need of encouragement, including those from low-income backgrounds and those who are first-generation-to-college students. The program is designed to help these students reach their full potential in health-related professions. With the help of medical and graduate students, they provide high school students with academic enrichment opportunities, while also inspiring and guiding them towards health-related professions, particularly in medicine. Their experiential learning opportunities foster a sense of curiosity, deepen their knowledge of life sciences, and improve college readiness. The Dime Bank Senior Vice President, Chief Financial Officer Jeffrey Roche stated, “At The Dime Bank, we are committed to supporting education in our region. We were very impressed during our visit to GCMC to tour the REACH-HEI program. The students were engaged, and the hands-on experience was fascinating. Supporting this curriculum helps develop the medical innovators of tomorrow, who will create a healthier future for our communities.”
The Dime Bank Hosts Reality Fair with Honesdale High School The Dime Bank is committed to bringing financial education to their communities. Recently, The Dime Bank teamed up with Honesdale High School to host an inaugural reality fair, aimed at enhancing students’ financial and life skills. The fair provided students with an interactive experience for making real world financial decisions and managing money. President and Chief Executive Officer Pete Bochnovich stated, “The reality fair was a fun way for students to build financial knowledge and skills. The fair helped students experience what it is like to have a checking account, decide how to use their money, obtain a loan, manage expenses, and more. At The Dime Bank, we believe that financial education is a crucial part of personal development, and we are incredibly grateful to all who collaborated with us to make this program a success.”
The Dime Bank Celebrates Employee Milestones Each year The Dime Bank holds a dinner celebration to acknowledge and honor their employees who are celebrating five-year incremental career anniversaries with The Dime Bank. In 2023, twenty-six Dime Bank employees were honored. The Dime Bank believes employee anniversary celebrations are an important part of recognizing and appreciating the hard work and dedication of their employees. It’s a time to celebrate their achievements, milestones, and loyalty to The Dime Bank. President and Chief Executive Officer commented, “We are grateful for our employees, who make The Dime Bank one-of-a-kind. Their positivity, commitment, and devotion provide our customers with the best possible experience. Each employee is valued and is an integral part of The Dime Bank’s success and we thank them for their hard work and commitment.”
Dimeco, Inc. Declares Cash Dividend Honesdale, PA, September 14, 2023 / The Board of Directors of Dimeco, Inc. (OTCQX: DIMC) declared a dividend on September 13, 2023, of $0.38 per share to shareholders of record September 29, 2023. The dividend is payable on October 26, 2023, the anticipated date to release earnings for the third quarter of 2023. This dividend is an increase of $0.02 per share over the dividend declared in September 2022. This dividend of $0.38 per share produced a yield of 4.53% at the market value of $33.52 on September 13, 2023. President and Chief Executive Officer Peter Bochnovich stated, “We continue our commitment to provide the ultimate banking experience to our customers and our communities. This dividend is one way to thank our shareholders for their continued investment in and loyalty to Dimeco, Inc.” About Dimeco, Inc. Dimeco, Inc. is the parent holding company of The Dime Bank, a full-service financial institution serving Northeast Pennsylvania since 1905. Dimeco, Inc. reported balances on June 30, 2023, of $969 million in total assets, loans of $686 million, and deposits of $795 million. Dimeco, Inc. trades on the OTCQX Marketplace under symbol ‘DIMC’, operated by OTC Markets Group. For more information on Dimeco, Inc. and The Dime Bank, visit www.thedimebank.com.
The Dime Bank 2023 Scholarship Recipients The Dime Bank has awarded scholarships to six students based on their academic and leadership capabilities from Wallenpaupack Area, Wayne Highlands, Delaware Valley, Carbondale Area, Scranton, and West Scranton school districts. The students must be furthering their education in the field of business, economics, finance, management, or accounting to be eligible for The Dime Bank Directors Award Scholarship. Each graduating senior received $1,000.00 to attend the college of their choice. The Dime Bank is proud to support future leaders with this educational assistance.
The Dime Bank Supports Lacawac Sanctuary The Dime Bank donated $9,750.00 to Lacawac Sanctuary to support their hands-on academic enrichment and innovative educational programs. The Lacawac Sanctuary is a non-profit conservation, research, and education center providing the community with a host of quality environmental, historical, and cultural programs. $7,500.00 was donated through the PA Department of Community and Economic Development’s Educational Improvement Tax Credit program to support Lacawac Sanctuary’s mission to educate students with important ecological and environmental science lessons, strengthening academic achievement in Science, Technology, Engineering, and Math. On-site visits to Lacawac, off-site teachings at schools, educational workshops, and curriculum for afterschool sessions are just some of Lacawac’s innovative and educational offerings. $1,000.00 was donated as a corporate sponsorship, $1,000.00 was donated as an epicurean sponsorship of the 8th Annual Farm to Plate Dinner event, and $250.00 was donated to the Cocktails for Conservation fundraiser. All three help with the Sanctuary’s mission to help promote environmental understanding through education and conservation. “Many schools have insufficient funding to create their own programs that allow students to explore our diverse lake and forest habitats. Lacawac’s programs are multidisciplinary and geared towards a wide audience. We are happy to support this vital sanctuary that is available not only to our students but to people of all ages,” stated The Dime Bank Vice President Marketing Deb Unflat.
The Dime Bank Brings Personal Finance Education to Students The Dime Bank contributed $9,000.00 to the nonprofit, Brighter Financial Futures, doing business as the Pennsylvania Council on Financial Literacy. This donation, which was made through the Educational Improvement Tax Credit (EITC) Program, supports students in the Wayne Highlands, Wallenpaupack, and Delaware Valley school districts and Canaan Christian Academy through the Personal Finance Education Program. The Personal Finance Program hosts three programs in one: a personal financial curriculum teaching personal finance and business; a stock market challenge simulation that teaches students how to invest in the stock market; and a personal budgeting game simulation where students learn about credit, budgeting, net worth, and financial balance for quality of life. The first-place winners of the Stock Market Challenge were Wayne Highlands Middle School student Claire Goldstein and Delaware Valley High School student Ritesh Patel. Each student received a Chromebook, a $100.00 gift card, and The Dime Bank gift basket. President and Chief Executive Officer Peter Bochnovich commented, “Personal finance skills provide a solid foundation for future success, and we feel this program is very worthwhile for our future leaders to gain a greater understanding of the world of finance.”
The Dime Bank Supports Delaware Valley School District Students Pictured left to right: Arielle Wilkes (teacher), Nat Carso (student), Josephine LordI (student), Donna Dale (actor), Jeffrey Stocker (director), Charles Terrat (actor) and Jackie Weston (teacher). The Dime Bank is in the business to enrich DV students’ lives. The Dime Bank donated $15,000.00 cumulatively to the two organizations through the Educational Improvement Tax Credit Program. The ART program brought the historical understanding of the Holocaust through “The Diary of Anne Frank” to DVSD middle school students with an interactive format including professional actors performing a dramatic reading, music exploration, and journal writing. Jackie Weston, DVSD English Department Chairperson enthused “Thank you so much for supporting this project and our DVSD children. We are so appreciative of this great opportunity.” The GPCF program focused on STEM literacy for DVSD middle school students to prepare for high school. The MakerSpace lab and Lego Coding Club were expanded, and two new programs were introduced: Drone Certification and an Aquaponics Lab for elementary school students. About The Dime Bank Since 1905, The Dime Bank, Member FDIC, has been making a difference in the lives of those they touch by helping generations of customers realize their goals and dreams. With nine branches in Wayne, Pike, and Lackawanna Counties, The Dime Bank offers you better banking, in person and online. Community banking yields community benefits. For more information on The Dime Bank, visit www.thedimebank.com, Facebook, Instagram, YouTube, LinkedIn.
The Dime Bank Celebrates Their Indian Orchard Branch The Dime Bank celebrated their Indian Orchard branch at 1055 Texas Palmyra Highway, Honesdale, PA, its newest addition to the community bank’s branch network, with a ribbon cutting ceremony on April 27, 2023. This new branch brings personal banking with universal bankers and high-tech solutions to the community. The Dime Bank universal bankers are cross-trained to take care of all customer needs in one place. They act as a dedicated personal financial assistant, helping to simplify the financial complexities of life. The branch offers an iPad kiosk for customers to log into their online accounts as well as a drive-up ATM, which brings 24/7 high-tech convenient access to funds. Additionally, The Dime Bank is committed to enhancing our communities by supporting our aspiring entrepreneurs and business customers with an Entrepreneurial Center located at this new facility. The Dime Bank Entrepreneurial Center offers customers a comfortable and secure environment with a variety of technological resources. Space can be reserved at www.thedimebank.com/entrepreneurial-center. Moreover, The Dime Bank’s Customer Care Center (CCC) is in this building. The CCC offers customers telephone assistance with a live, knowledgeable, local care team. Telephone assistance is available after branches are closed and on weekends, for the hours and phone number, visit: www.thedimebank.com/ways-to-bank. This location also hosts The Dime Bank’s Support Center with back-office departments including information technology, digital banking, retail support, fraud, bank security, deposit operations, loans, human resources, marketing, compliance, training, and facilities management. The Dime Bank staff were available at the celebration to give tours of this state-of-the-art banking facility and answer questions. County officials and many customers of The Dime Bank were present to show their support. The community is invited to visit The Dime Bank Indian Orchard branch to meet the staff and discuss how The Dime Bank can help you meet your financial goals. The Indian Orchard branch offers customers access to trusted, dependable professionals who bring financial solutions to the community during these hours: Lobby Hours: Monday – Thursday: 8:30 a.m. – 4:00 p.m. Friday: 8:30 a.m. – 5:00 p.m. Saturday: 8:30 a.m. – Noon Drive Up Hours: Monday – Thursday: 8:00 a.m. – 5:00 p.m. Friday: 8:00 a.m. – 6:00 p.m. Saturday: 8:30 a.m. – Noon President and Chief Executive Officer Peter Bochnovich expressed, “Branches are core to The Dime Bank’s business. In addition to catering to individuals with bank accounts and home loans, our branches also support businesses and non-profit organizations in the community. We’re excited that this new facility is not only a branch, but it offers an Entrepreneurial Center to expand the scope of solutions we offer to our customers. Our expert staff are available to provide the ultimate customer experience. Our mission to serve the financial needs of all continues to hold true as we strive to build strong partnerships for years to come. We thank you for your continued support and hope everyone will be able to take full advantage of this new advanced banking facility and all that we offer as a community bank. The Dime Bank’s commitment to provide quality financial solutions for our customers and our communities remains unchanged since 1905.”
The Dime Bank donated $10,000.00 to NeighborWorks NEPA Lackawanna County, PA / April 7, 2023 / Earlier this year, The Dime Bank donated $10,000.00 to NeighborWorks Northeastern PA via the Neighborhood Assistance Program. NeighborWorks rejuvenates neighborhoods and creates opportunities for individuals and families to improve their lives through quality housing and financial guidance. This donation will support the 2023 Scranton Beautiful Blocks Program. The program provides matching grants of up to $1,000.00 to each member of a group of at least five Scranton residents to help them make exterior improvements to their homes. Grants are awarded annually through a competitive application process. “We want to sincerely thank The Dime Bank for their generous contribution towards this year’s Beautiful Blocks Program in Scranton,” said Jesse Ergott, NeighborWorks Northeastern Pennsylvania President & CEO. “We are grateful for their commitment to making a positive impact in our community and beyond.” “As a community bank, The Dime Bank is proud to partner with NeighborWorks and contribute to their efforts of revitalizing neighborhoods and building community connections. We are excited to be part of their Beautiful Blocks Program that encourages teamwork among neighbors and invests in property improvement,” stated William Boyle, The Dime Bank Senior Vice President Chief Lending Officer. About The Dime Bank The Dime Bank is committed to being involved in and contributing to our community’s development. If you are passionate about your future, choose The Dime Bank as your financial partner. Serving its primary market of Northeast Pennsylvania since 1905, the bank offers a full array of financial services and solutions. Community banking yields community benefits. Dimeco, Inc., parent company of The Dime Bank, trades on the OTCQX Marketplace under symbol DIMC. For more information on The Dime Bank, visit www.thedimebank.com. About NeighborWorks Northeastern Pennsylvania NeighborWorks is a nonprofit organization that has worked for more than 40 years to increase the financial stability of families and individuals by providing programs and services that create and preserve responsible homeownership and affordable housing throughout the City of Scranton, Lackawanna County and Northeastern Pennsylvania. With programs including homeownership coaching and education, aging in place, home renovation services, and neighborhood revitalization initiatives, NeighborWorks is deeply ingrained in the community. More information about NeighborWorks can be found at www.nwnepa.org. Pictured: Brian C. Urbas, The Dime Bank Vice President Commercial Lending Officer; William R. Boyle, The Dime Bank Senior Vice President Chief Lending Officer; Jessica L. Capwell, The Dime Bank Assistant Vice President Steamtown Branch Manager; Jesse Ergott, NeighborWorks Northeastern Pennsylvania President & CEO; Maurice E. Dennis, The Dime Bank Vice President Commercial Lending Officer.
