The Dime Bank Scranton Branch Coming Soon In order to better service your needs, you will soon be able to bank with The Dime Bank at 300 Lackawanna Avenue, Scranton, in the Marketplace at Steamtown! This will be a full-service branch with two ATMs, one in a secure vestibule available 24/7/365 and the other at the Marketplace entrance.
The Dime Bank Donates to the Wayne County Community Foundation The Dime Bank donated $50,000.00 to the Wayne County Community Foundation (WCCF) through the PA Department of Community and Economic Development’s Educational Improvement Tax Credit (EITC) program. Through the WCCF, The Dime Bank’s donation provides significant funding for the Wayne Highlands, Western Wayne, Wallenpaupack, and Forest City Regional school districts for STEM programming, nutrition education, math/language arts summer and after school programs, and dual enrollment scholarships for college courses at Johnson College. WCCF Executive Director Ryanne Jennings stated, “This year the schools have some innovative stuff happening including Wallenpaupack’s aviation program. We really appreciate businesses’ support, like The Dime Bank, of the EITC program through the WCCF. This program allows our school districts to provide additional and innovative STEM programming in the district. The Foundation also benefits from the administrative fee for managing the EITC program and is able to provide capacity building, grant making, and fundraising technical assistance to nonprofits in our community year-round.” Wallenpaupack Area High School BCIT Department Chair, WASA Founder/Director Eric Greenberger stated, “The Wallenpaupack Aeronautical Science & Aviation program prepares young people in our community for specific careers in the aviation industry. Students can pursue academic pathways that include professional pilot, aviation management, air traffic control, and aviation maintenance. Students that successfully complete the program may continue their studies at local universities and or flight schools while attaining credentials necessary for employment at local, regional, and other airport facilities. EITC funding is used to support instructional equipment, tools, supplies, professional consultation, and other essential building blocks of the program. This unique academic opportunity is a testament to the consistent efforts of The Dime Bank to invest in local community, education, and infrastructure. A strong investment in our young people today, will yield great returns for all of us in the future.”
The Dime Bank Hosts Free Virtual Webinars on Money Management Want to get smarter about money? April 9 -16 is Money Smart Week! This FREE virtual campaign aims to help people better manage their personal finances with a focus on those hardest hit by the COVID-19 pandemic.This year’s line-up includes: Monday, April 11th @ 1:00 p.m. CT / 2:00 p.m. EST | Spend Smart. Eat Smart. Presented by Iowa State University Extension and Outreach Tuesday, April 12th @ 1:00 p.m. CT / 2:00 p.m. EST | Credit: Build & Improve It! Presented by the Consumer Financial Protection Bureau Wednesday, April 13th @ 1:00 p.m. CT / 2:00 p.m. EST | Buying or Refinancing a Home: Options & Tools. Presented by North West Housing Partnership Thursday, April 14th @ 1:00 p.m. CT / 2:00 p.m. EST | Understanding Social Security Benefits. Presented by the Social Security Administration View more details at www.moneysmartweek.org*. Events are free and open to the public, but registration is advised. Questions for the panelists can be submitted during the registration process.
The Dime Bank Donated $31,000 for Scholarship Opportunities The Dime Bank donated $31,000 through the Educational Improvement Tax Credit Program to various educational institutions for scholarship opportunities: $18,000 was donated to Penngift Foundation of which $9,500 was allocated for St. Dominic’s Academy for their pre-k through 8th grade programs, $6,000 was allocated to Canaan Christian Academy for their elementary and secondary Christian education program scholarships, and $2,500 was allocated to Grace Ridge School to be used for their programs’ tuition assistance; $7,500 was donated to the United Way of Lackawanna and Wayne Counties to be used for pre-kindergarten program scholarships; $2,000 was donated to Yeshiva Beth Moshe for Scranton Hebrew Day school scholarships for Jewish and secular education; $2,000 was donated to Diocese of Scranton for their Catholic schools tuition assistance program; $1,500 was donated to the Greater Pike Community Foundation to be used for pre-k scholarship opportunities at Center for Developmental Disabilities (CDD) or Green Trees Early Learning Center in Milford, PA. St. Dominic’s Academy Board Member Jen Suhosky said, “St. Dominic’s Academy in Honesdale, PA is celebrating our 10-year anniversary. We are so grateful to The Dime Bank for helping us achieve this goal by generously donating to the EITC program every year. Many of our students and their families benefit greatly from this program.”
The Dime Bank Donated to Greater Pike Community Foundation The Dime Bank donated $10,000 to the Greater Pike County Community Foundation (GPCF) through the PA Department of Community and Economic Development’s Educational Improvement Tax Credit (EITC) program. Through the GPCF, The Dime Bank’s donation provides significant funding for innovative educational programming enhancements in Science, Technology, Engineering, and Math (STEM) at Delaware Valley School District (DVSD). The funding supports programs that prepare students for a technology-centered future. “On behalf of the Delaware Valley School District, especially our students and staff from our STEM program, thank you for your generous contribution to the grant presented to us by the Greater Pike Community Foundation. We are very grateful for the support The Dime Bank has given our students,” stated Jayson Pope, Supervisor of Academic Services. “Technology has taken on a more crucial role with the need for remote learning during a pandemic. Greater Pike is pleased to partner with The Dime Bank, Delaware Valley School District, and the PA Department of Community and Economic Development for this important contribution to the future success of students,” said Greater Pike Executive Director Jenni Hamill.
The Dime Bank Scholarship At The Dime Bank, we want to support our future leaders. We award four $1,000.00 scholarships to graduating seniors. Who is eligible to apply? The student must be a graduating senior in the Wayne Highlands, Wallenpaupack, Delaware Valley, or Carbondale Area School Districts and;The student must be enrolled to attend a full-time accredited school of higher education pursuing a degree in business or a related business major such as accounting, economics, marketing, etc., in the 2022-2023 school year. Children of The Dime Bank employees or directors are not eligible to apply. How much are the awards?The Dime Bank will award one $1,000.00 scholarship to one student from each of the four school districts. Application Period:The 2022 scholarship application closes April 8, 2022. How can a student apply?It is easy! Speak with your school guidance counselor to fill out an application. No essay is required. To access this information on our website, please visit our Scholarship page.
The Dime Bank Contributes to The Stock Market Challenge The Dime Bank recently contributed $9,000.00 to the nonprofit Brighter Financial Futures (dba PennCFL). This donation, which was made through the Educational Improvement Tax Credit (EITC) Program, supports local schools in the sponsorship of The Stock Market Challenge. The Stock Market Challenge is a web-based stock simulation platform and curriculum. Students can learn how to trade all year long by using the whole curriculum, courses, and more, including six ten-week competitions. The competitions are held in the classroom, by county and state-wide. The Stock Market Challenge recently announced that Henry Reichman finished in first place in the Middle School Division for Wayne and Pike County and in the top ten of the Statewide Middle School Division. He is a seventh-grade student at Wallenpaupack Area School District and worked under the leadership of Mrs. Argyro Paspalas. President and Chief Executive Officer Peter Bochnovich commented, “We feel it is very worthwhile for students to gain a greater understanding of the world of finance. It provides them with a foundation for their future success. It is our hope that all of the eligible schools will continue to participate in and take advantage of this learning opportunity.”
The Dime Bank Contributes to the Wayne County Library Pictured: Tracy L Schwarz, System Administrator of the WLA; Jessica Kjera, Outreach Coordinator; Deborah Unflat, The Dime Bank Vice President Marketing; Melanie Seagraves, The Dime Bank Vice President and Newfoundland Area Public Library Treasurer; Stacy Gager, Assistant Vice President Deposit Operations and WCPL Board Member. The Dime Bank recently contributed $30,000.00 to the Wayne County Public Library (WCPL) toward approved innovative educational programs. The libraries of Wayne County strive to support students in the three local school districts, as well as homeschooled students, to ensure they get the help they need to improve their grades, increase their confidence, and encourage them to expand their educational explorations. This donation, which was made through the Educational Improvement Tax Credit (EITC) Program, will provide funds for several programs such as Learning@theLibrary and Teen Tech@theLibrary. Both include the purchase of Tutor.com, Teen Health and Wellness, Learning Express Library, Core Concepts (Biology, Chemistry, Periodic Table), PowerKnowledge (Earth/Space, Physical, & Life Science), and Prenda Coding. In addition, some of the funding is allocated for after school Science, Technology, Engineering, Mathematic, and Arts programs. Along with holding enriching programs within the walls of the library, Outreach Coordinator, Jessica Kjera, heads out into the schools and the community. She teaches STEAM programs and familiarizes students/families with the awesome selection of E-resources, fun, and learning they have access to with their library card. Jessica has recently transitioned into the roll with the assistance of retiring long time outreach coordinator, Mary Fritz. Another portion of the funding supports AWE computers for K-2nd grade students and hybridization of library programs which allow libraries to do virtual as well as in person programs. WCPL Director Tracy L. Schwarz said, “The resources provided by The Dime Bank kept families connected during the Covid shutdown and beyond. The funding helped keep Tutor.com and other STEAM related online resources running for families who were forced to teach their school aged students at home. It also provided a set of laptops, microphones, lighting, speakers, and all the items required for each of the seven libraries to go virtual with programs as needed. The funding helped provide Make and Take STEM and Craft kits that families could pick up and use to learn from home. Thank you! There is no way our libraries could’ve kept county families connected, nor could we have supported the schools as much as we did during the shutdown without this funding from The Dime Bank. EITC funding is vital to keep up with online resources and provide lerning and teen tech at our libraries.” Stop in at any of the seven Wayne County Libraries to sign up for a library card to access the wide variety of free e-resources available through their website www.waynelibraries.org. The EITC program, which is administered by the PA Department of Community and Economic Development, provides a tax rebate program. The Dime Bank is dedicated to supporting education in our communities through the sponsorship of many different programs and venues. If you are passionate about your future, choose The Dime Bank as your financial partner. Community banking yields community benefits. For more information on The Dime Bank, visit www.thedimebank.com.
Dimeco, INC. on OTCQX Investment Market The Board of Directors of Dimeco, Inc. is pleased to announce that Dimeco, Inc. (OTCQX: DIMC), the parent holding company of The Dime Bank, a Pennsylvania state-chartered bank that serves Northeast Pennsylvania, has qualified to trade on the OTCQX® Best Market. Dimeco, Inc. upgraded to OTCQX from the Pink® market. Dimeco, Inc. begins trading today on OTCQX under the symbol “DIMC.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com/stock/DIMC. Graduating to the OTCQX Market marks an important milestone for community banks in the U.S. public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. President and Chief Executive Officer of Dimeco, Inc. and The Dime Bank, Peter Bochnovich stated, “At The Dime Bank, we believe in creating amazing customer experiences and that intention encompasses our shareholders, too. Since 1905, we have been making a difference in the lives of those we touch by helping generations of customers realize their goals and dreams. We want our Dimeco investors and potential investors to have access to financial information that is easy to understand and helpful in making their investment decisions. We aim to generate broader recognition by investors, enhance shareholder value, and emphasize The Dime Bank’s commitment to the communities we serve.” Boenning & Scattergood, Inc. acted as the company’s OTCQX sponsor.
