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.
The Dime Bank Announced as 2021 Plan Sponsor of the Year Winner The Dime Bank is proud to have been announced as the 2021 Plan Sponsor of the Year winner in the Corporate 401(k) <$25MM category. The annual Plan Sponsor of the Year awards program recognizes retirement plan sponsors that show a commitment to their participants’ financial health and retirement success. The 2021 awards had nine categories to allow for the most accurate comparisons across plan types and sizes. When asked about the success of The Dime Bank’s 401(k) plan, Chief Human Resources Officer Jill George stated, “We have such a good relationship with both our record keeper, Fidelity Investments, and adviser, L.R. Webber. I never hesitate to call on them. We have a great practice to discuss the pros and cons of plan features. We’re a three-legged stool of retirement planning, and this has made the plan the one it is today.” Retirement plans require an organized, well-documented process to fulfill a fiduciary obligation. The Dime Bank’s 401 (k) plan does so much more than that! The Dime Bank’s plan offers annual education sessions with retirement specialists so participants can see how they can best be ready for retirement. The plan provides auto enrollment with safe harbor matching, auto escalation to encourage increased retirement savings and Target Date Fund investment choices. The Dime Bank pays the administration costs of the plan so employees can save more for retirement. All of the information is easily accessible on employees’ mobile devices. To read more about why The Dime Bank’s plan is so special and why The Dime Bank was chosen as a winner, go to the Plan Sponsors Award listing.
The Dime Bank Relocates Greentown Branch On Thursday, July 22, 2021, The Dime Bank broke ground for construction of their new Greentown branch. The facility will be located on Route 507, adjacent to Dutch’s Market and will continue to operate with the same hours as the current location. The facility was designed and will be built by PW Campbell, a firm that specializes in construction for the financial services industry. The new branch office is expected to be completed in the first quarter of 2022. The branch design features an updated color scheme, furniture design and the use of innovative technology. The bank seeks to align the branch office with modern banking needs through inclusion of these enhancements. “The design of this new facility is our first office to be specifically constructed to utilize the Universal Banker branch concept. All of the office staff are trained to handle all transactions in order to ensure a seamless customer experience,” Peter Bochnovich, President and Chief Executive Officer said. “We are excited at the opportunity to offer this enhanced physical branch model in the Greentown market and expect that our customers will be pleased with this improved banking experience. All of our branches are transitioning to use of the Universal Banking model and will offer similar customer experiences.” Pictured left to right: Pike County Treasurer John Gilpin; Honorable Michael Peifer, PA House of Representatives, District 139; Paul Otway Dutch’s Market; Gerald Obert, Supervisor for Greene Township; The Dime Bank President and Chief Executive Officer Peter Bochnovich; PW Campbell Principal John Campbell; Chairman of the Board John Kiesendahl; Senator Lisa Baker, PA State Senate, District 20; Board Director Tom Peifer.
The Dime Bank Announces PennCFL Challenge Winners The Dime Bank is thrilled to announce winners of The Dime Bank sponsored Pennsylvania Council on Financial Literacy (PennCFL) Stock Market Challenge competition. Paige Schmidt, a student at Honesdale High School under the leadership of Ms. Barbara Lutat, triumphed in the Pike & Wayne Stock Market Challenge competition by finishing in first place in the High School Division. Read More Kevin Scissons, a student at Preston School under the leadership of Mr. Don Burchell, finished in first place in the Middle School Division. Read More Lakota Kinney, a student at Damascus School under the leadership of Mr. Don Burchell, finished in second place in the Middle School Division. Read More Logan Arthur, a student at Carbondale High School under the leadership of Ms. Licia Olivetti, finished in third place in the High School Division. Read More Reilly McNish, a student at Wallenpaupack Area School District under the leadership of Mrs. Argyro Paspalas, finished in third place in the Middle School Division. Read More Rosa SanClementi, a student from the Wallenpaupack Area School District, finished top ten in the state in the Spring Statewide 2021 Elementary School Division. Rosa worked under the leadership of her teacher, Mrs. Argyro Paspalas. Read More Congratulations Paige, Kevin, Lakota, Logan, Reilly, Rosa, and their teachers Ms. Lutat, Mr. Burchell, Ms. Olivetti, and Mrs. Argyro Paspalas on job well done! PennCFL provides to all students in grades K -12 in Pennsylvania a world-class, web-based stock simulation platform and curriculum. The cutting-edge, real-time stock game is derived from Stock-Trak’s University Platform, which is used in over 80% of the top business schools in the United States. The Dime Bank is proud to sponsor programs such as PennCFL that promotes financial education in our local schools.
Dime Bank Announces Website Redesign Coming Soon We are excited to announce that our redesigned website is scheduled to launch on June 30th! Our team worked hard to create a site with an updated look that is easier to navigate with useful information at your fingertips. Scroll down the homepage just like a news feed. Find our products and services listed together on product cards and explore your options for more details. All of your favorite features are still there: log in to online banking, open accounts, find security tips, apply for The Dime Bank job openings, plus learn all about various ways to bank on one easy to read page, and more! The web address hasn’t changed, you will still find us at www.thedimebank.com. This is the first phase of our upgrade. Later in the year, more exciting features are coming to make 24/7 banking with us even better. We hope you enjoy our fresh improved look. Thank you for choosing The Dime Bank!
