Wayne Bank Employee Honored as Future Under 40 Award Winner Steven Daniels, Wayne Bank’s Senior Vice President and Director of Consumer Banking, was announced as a winner of the Pennsylvania Bankers Association’s (“PA Bankers”) Future Under 40 Awards. The Future Under 40 Award recognizes influential senior leaders who inspire and promote the growth of young professionals in their industry. They are honored as young leaders who have made a tremendous impact in their institution, community, and industry. Steven Daniels, Wayne Bank’s Senior Vice President and Director of Consumer Banking, was announced as a winner of the Pennsylvania Bankers Association’s (“PA Bankers”) Future Under 40 Awards. The Future Under 40 Award recognizes influential senior leaders who inspire and promote the growth of young professionals in their industry. They are honored as young leaders who have made a tremendous impact in their institution, community, and industry. Mr. Daniels joined Wayne Bank in 2011 and has held various roles during his tenure. He holds a bachelor’s degree from Penn State University, is a graduate of the PBA Advanced School of Banking and is presently enrolled in the ABA Stonier Graduate School of Banking. In addition to serving as Co-Chair of the United Way of Lackawanna and Wayne Counties, Mr. Daniels is also the Co-Chair of the Talent and Financial Development Committee of Wayne Tomorrow, as well as past President of the Honesdale Area Jaycees. A lifelong resident of Wayne County, he resides in Milanville with his wife, Ali, and son, Russell. Jim Donnelly, President and Chief Executive Officer of Wayne Bank stated, “Steve has played a key leadership role in driving Wayne Bank’s consumer banking products and services. His guidance, expertise, and commitment to our customers have helped ongoing initiatives to grow the Bank and support shareholder value. Under his leadership, our consumer banking division has made significant advancements in high-tech financial solutions while maintaining our relationship-based banking standard for our customers. He is extremely deserving of this award, and we are proud to celebrate his recognition.” PA Bankers has been bringing banks and bankers together for more than 125 years to learn, grow, serve, and engage with their peers, communities, and lawmakers. The association has built a strong reputation as a leading advocate for pro-banking policies at the state and federal levels, as well as the delivery of quality education, products and services for banks of all sizes and their employees. Wayne Bank is a subsidiary of Norwood Financial Corp., Member FDIC, and is located in Honesdale, Pennsylvania. The Bank has 29 Community Offices serving Wayne, Pike, Monroe, Lackawanna, and Luzerne Counties in Pennsylvania, along with Delaware, Sullivan, Otsego, Ontario, and Yates Counties in New York, including those offices operating under the Bank of Cooperstown and Bank of the Finger Lakes brands. The stock trades on the NASDAQ Global Market under the symbol— NWFL.
Wayne Bank Promotes Collin Ennis Jim Donnelly, President and Chief Executive Officer of Wayne Bank, is pleased to announce the promotion of Collin Ennis to Commercial Loan Officer. According to Mr. Donnelly, “I’m so proud to announce this promotion of Collin. His expertise and client skills have made him an asset to our company, and his new role will allow Collin to work more closely with our commercial customers, to help them grow and expand their business. Since first joining Wayne Bank in 2022, Collin has served as a Commercial Loan Associate. In Collin’s new role, he will be responsible for providing exceptional customer service, initiating new business, and deepening current business relationships within our Wayne and Pike County service areas. He is a graduate of the University of Scranton, where he earned a Bachelor of Science Degree in Finance.
Wayne Bank Promotes Derek Bellinger Jim Donnelly, President and Chief Executive Officer of Wayne Bank, is happy to announce the promotion of Derek Bellinger to Residential Mortgage Sales Manager. According to Mr. Donnelly, “I’m so pleased to announce this promotion. Derek’s extensive experience and commitment to the communities we serve, makes him an asset to our mortgage team and well-deserving of this promotion. Derek has acted as a mentor to our new mortgage team members for a number of years. His deep knowledge of the product set, natural leadership style and inherent kindness make him ideal for this role. In Derek’s new role, he will be responsible for managing the sales efforts of our team of Mortgage Originators to meet and exceed our customer expectations.” Derek has 27 years of banking and management experience and has held several titles during his banking career, including Commercial Loan Officer, Financial Center Manager, and Multi-Site Branch Manager. Derek is an active member of the community and is involved in many non-profit organizations. He currently serves on the Board of Directors of The Human Resources Center, The Chamber of the Northern Poconos, and the Honesdale Lions Club. Derek holds a Master of Science degree in Human Resources Administration from the University of Scranton.
Wayne Bank Ranks Amongst Top Banks in the Country Wayne Bank, a subsidiary of Norwood Financial Corp (Nasdaq Global Market – NWFL), was recently ranked by Bank Director magazine as one of the top 25 best banks in the country in their Ranking Banking, The Best US Banks 2023 publication. Wayne Bank was also ranked number ten (#10) in the country for banks in the $1B-$5B asset size category. Bank Director applied a consistent set of metrics to determine the best banks, based on calendar year 2022 results. Wayne Bank was evaluated on its profitability, capital adequacy, asset quality, and total shareholder return. For this 2023 study, Bank Director identified The Best U.S. Banks 2023: those that balance growth and profitability, deliver long-term shareholder value, and execute their goals in a safe and sound manner. They also examined factors that drive performance, including growth, leadership, board oversight, and technological innovation. President and Chief Executive Officer, James O. Donnelly, stated, “We are delighted and honored to be on both prestigious lists of The Best U.S. Banks 2023. Our inclusion in the Top 25 Banks in the Country overall is an accomplishment we have never before achieved. Last year, Wayne Bank was ranked at number seventy-one for banks in our asset size. This year we are proud to say that our dedication and commitment to shareholders, employees, customers, and our communities has helped us rise to number ten in our asset size. This is a testament to the dedication of our employees and to executing our strategic vision.”
Wayne Bank Staff Member Receives Honor Student Recognition Anna Van Acker, Assistant Vice President and Commercial Loan Officer of Wayne Bank, achieved honor student status from the Pennsylvania Bankers Association’s (PA Bankers’) 2023 School of Commercial Lending. Honor students are selected for outstanding academic achievement on a final examination. Jim Donnelly, President and Chief Executive Officer of Wayne Bank, stated, “Anna’s strong work ethic and dedication to her customers makes her an asset to our commercial lending team. I am so pleased, but not at all surprised by her tremendous achievement. Her commitment to ensuring she remains knowledgeable on the latest banking products and procedures for her co-workers and her customers is admirable. Congratulations, Anna!” Van Acker has served the banking industry for five years and joined Wayne Bank in 2021 as a Commercial Loan Associate. She specializes in commercial property mortgages and construction loans, equipment financing and lines of credit, customized acquisition financing, capital projects, and USDA loans. She is very active in the community and serves on the boards of the Wayne Pike Building Industry Association, Pennsylvania Builders Association, and Professional Women in Building. Anna holds a bachelor’s degree from the University of Scranton. PA Bankers’ School of Commercial Lending provides educational content similar to 200- and 300-level college course study. Topics for this program include: business development, credit structuring, the practical application of commercial lending knowledge, and client and internal communication. PA Bankers has been bringing banks and bankers together for more than 125 years to learn, grow, serve and engage with their peers, communities and lawmakers. The association has built a strong reputation as a leading advocate for pro-banking policies at the state and federal levels, as well as the delivery of quality education, products and services for banks of all sizes and their employees. Wayne Bank is a subsidiary of Norwood Financial Corp., Member FDIC, and is located in Honesdale, Pennsylvania. The Bank has 29 Community Offices serving Wayne, Pike, Monroe, Lackawanna, and Luzerne Counties in Pennsylvania, along with Delaware, Sullivan, Otsego, Ontario, and Yates Counties in New York, including those offices operating under the Bank of Cooperstown and Bank of the Finger Lakes brands. The stock trades on the NASDAQ Global Market under the symbol— NWFL
Norwood Financial Corp Rejoins Russell 3000® Index Logo Mockup by Mithun Mitra Jim Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary, Wayne Banks pleased to announce that the Company has been included in the Russell 3000® Index, as part of the 2023 Russell U.S. Indexes annual reconstitution.The Russell 3000® Index encompasses and tracks the performance of the 3,000 largest traded U.S. stocks, based on market capitalization. “Norwood Financial Corp is honored to be a part of the Russell 3000 Index, alongside some of the top performing companies in the U.S. This distinguished designation shows our commitment to our shareholders and is a testament to our strong capital position and credit quality metrics. This inclusion will continue to drive awareness of Norwood Financial Corp as an appealing investment as we continue to execute our strategic plans for growth,” stated Mr. Donnelly. The Russell 3000 Index is comprised of the large-cap Russell 1000 and the small-cap Russell 2000 index. The top 1,000 companies having the highest market capitalization make up the Russell 1000, while the next largest 2,000 make up the Russell 2000.
Local Foundation and Wayne Bank Supports Community Foundation The Board of The John and Helen Villaume Foundation, a fiduciary of the Wayne Bank, announced that the Wayne County Community Foundation was selected to receive one of the Foundation’s 2023 community grant awards. Ryanne Jennings, President & CEO, received a check in the amount of $5,000.00 from Villaume Foundation board members, Jon Villaume and Tracy L. Schwarz. The John and Helen Villaume Foundation established by Honesdale natives, John and Helen Villaume, was created to benefit charitable, religious, scientific, literary, and educational programs within Wayne County. Since its inception, the Foundation has made awards totaling over $2,425,000.00 with Wayne Bank managing the account in the Wealth Management and Trust Services Division of Wayne Bank. Additional information about the Foundation and grant applications may be obtained from: The John and Helen Villaume Foundation, c/o Wayne Bank Wealth Management and Trust Services Division, 717 Main Street, Honesdale, PA 18431, or by phone: 570-253-1571 or email: Trust@WayneBank.com
Wayne Bank Ranks in Top 100 Performing Banks in U.S. American Banker has conducted its rankings of the top-performing banks of 2023. Wayne Bank has been evaluated by American Banker on profitability, efficiency, capital adequacy, and asset quality based on a three-year average return. Jim Donnelly, President, and Chief Executive Officer of Wayne Bank is pleased to announce that Wayne Bank has ranked number eighty-four out of two hundred in the $2 billion to $10 billion asset size category. Financial industry professionals turn to American Banker, every day and throughout the day, to stay maximally informed — drilling down on complex issues, keeping up with breaking news, and downloading research and data. “We are honored to be recognized for our strong financial performance. For over 150 years, we have been committed to helping our employees, customers, and communities we serve achieve their financial goals,” stated Mr. Donnelly.
Wayne Bank Supports United Way of Lackawanna and Wayne Counties Jim Donnelly, President, and Chief Executive Officer of Wayne Bank, is pleased to announce that Wayne Bank has supported the United Way of Lackawanna and Wayne Counties with a donation through the Educational Improvement Tax Credit Scholarship Program. The United Way of Lackawanna and Wayne counties works with a dedicated team of educators and community stakeholders to help better align Early Childhood Education and school districts, while building a strong bridge for families to help ensure every child in our community is supported through all the stages of growth and development. For the past 13 years, the United Way has been approved by the Pennsylvania Department of Community and Economic Development (PA DCED) as a Pre-Kindergarten, Educational Improvement, Scholarship, and Opportunity Scholarship organization. Through their support and the generosity of local companies, hundreds of children from Preschool to High School are on the path to a bright future. Matt Ceruti, Vice President of Resource Development & Campaign with the United Way of Lackawanna and Wayne Counties, accepted a check in the amount of $5,000 from Senior Vice President and PA Retail Market Manager of Wayne Bank, Joseph Castrogiovanni. “We are so pleased to make this donation to the United Way of Lackawanna and Wayne Counites. Wayne Bank is proud to support the goals and initiatives of the United Way and feels strongly about investing in our local youth and giving back to our communities,” stated Mr. Donnelly. The gift was made possible as a result of the Educational Improvement Tax Credit Program offered by the Commonwealth of Pennsylvania, acting through the Department of Community and Economic Development.
Wayne Bank Donates to Local Nonprofits Jim Donnelly, President, and Chief Executive Officer of Wayne Bank, is pleased to announce that Wayne Bank has supported the United Way of Lackawanna and Wayne Counties and the Canaan Christian Academy with a donation through the PennGift Foundation. Jerry Birmelin, Managing Director for the PennGift Foundation, accepted a check in the amount of 25,000 from Mr. Donnelly. The United Way of Wayne and Lackawanna counties works with a dedicated team of educators and community stakeholders to help better align Early Childhood Education and school districts while building a strong bridge for families to help ensure every child in our community is supported through all the stages of growth of and development. The Canaan Christian Academy is known for its commitment to educate and train students to achieve their full potential in all facets of life.
