Wayne Bank Continues Lacawac Sanctuary Sponsorship for 2024 Jim Donnelly, President and Chief Executive Officer of Wayne Bank, is pleased to announce that Wayne Bank will once again support Lacawac Sanctuary with a Corporate Sponsorship of $1,000.00. According to Mr. Donnelly, “We are so happy to continue our sponsorship of the sanctuary for 2024. This partnership allows us to help preserve the beauty of this natural habitat within our community and ensure the continuation of Lacawac’s beneficial programs and environmental education.” To fulfill its mission of Research, Education and Preservation, Lacawac offers environmental education and programs to the community, by communicating the core values of environmental responsibility, citizenship, inclusiveness, and the pursuit of knowledge. Lacawac works with an association of colleges and universities to provide research partnerships and a pristine location for undergrad and graduate students. Visitors to the 550-acre nature preserve can enjoy a rich outdoor education and exposure to a blend of diverse habitats including wetlands, open fields, forests, and lakes. Additionally, the sanctuary provides nine miles of hiking trails open to the public, free of charge, from dawn to dusk year-round. Memberships are also a critical part of Lacawac Sanctuary’s success in bringing science and nature programming to people of all ages. As a member-supported organization, Lacawac Sanctuary Environmental Education Center relies solely on grants and private donations to help deliver year-round environmental education to the whole community. For more information, please visit https://www.lacawac.org/.
Wayne Bank Announces 2024 First Quarter Earnings James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp and its subsidiary, Wayne Bank, announced net income of $4,433,000 for the three months ended March 31, 2024, a decrease of $1,349,000, from net income of $5,782,000 for the three months ended March 31, 2023. The decrease was due primarily to a $1,383,000 decrease in net interest income and a $1,296,000 increase in total other expenses. Earnings per share on a fully diluted basis were $0.55 for the three-month period ended March 31, 2024, compared to $0.71 in the three-month period ended March 31, 2023. The annualized return on average assets was 0.80% in the first quarter of 2024 and the annualized return on average equity was 9.79%, compared to 1.13% and 13.61%, respectively, in the first quarter of 2023.
Wayne Bank CEO to Begin Term on Federal Reserve Bank of Philadelphia Council The Federal Reserve Bank of Philadelphia today announced a new chair and two new members of its Community Depository Institutions Advisory Council (CDIAC), including James Donnelly, CEO of Wayne Bank. James Donnelly, president and CEO of Wayne Bank and Norwood Financial Corp, and Jeffrey Kapsar, president and CEO of Mifflinburg Bank and Trust Company, today began three-year terms on the CDIAC. Jeffrey Stopko, president and CEO of AmeriServ Financial, Inc., has been appointed as chair to represent the Third Federal Reserve District on the Federal Reserve Board’s CDIAC for 2024. Stopko has been a member of the Philadelphia Fed’s advisory council since 2021. About James Donnelly Donnelly has been president and CEO of Wayne Bank and Norwood Financial Corp, headquartered in Honesdale, PA, since May 2022. Donnelly also serves on the board of directors for Wayne Bank and Norwood Financial Corp, and on the Leadership, Officers Loan, Asset Quality, ALCO, and 401(k) Committees. Donnelly previously worked at Bangor Savings Bank, Machias Savings Bank, and KeyBank, where he started his banking career in 1991.
Wayne Bank Announces Cash Dividend James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.30 per share quarterly cash dividend payable May 1, 2024, to shareholders of record as of April 15, 2024. The $0.30 per share represents an increase of 3.5% over the cash dividend declared in the first quarter of 2023. Mr. Donnelly commented, “The Board is extremely pleased to provide our shareholders with this quarterly cash dividend. It reflects the Company’s financial strength and strong capital position which has contributed to our solid performance.”
Wayne Bank’s Holly DiLeo Elected to Pennsylvania Builders Association Board of Directors Holly DiLeo, Wayne Bank Mortgage Loan Officer, was elected to the PA Builders Association Board of Directors, at their recent “Winter Meeting and Installation Gala” in Pittsburgh, PA, on March 14-16 at the Pittsburgh Marriot North. The Pennsylvania Builders Association (PBA) is a non-profit statewide trade association chartered in 1945. Affiliated with the National Association of Home Builders and a network of 30 local associations across the state of Pennsylvania, the PBA is a unified voice for both the home building industry and the housing consumer. Their core purpose is to promote and protect the home building industry through teamwork, education, advocacy, and membership. DiLeo joined Wayne Bank in early 2023 and has over six years of experience in the mortgage lending industry. According to Wayne Bank Vice President & Residential Mortgage Sales Manager, Derek Bellinger, “For over 150 years, Wayne Bank has been helping the community grow, and we’re excited that Holly can bring her experience and knowledge to represent our local builders in Northeast Pennsylvania, particularly in Luzerne and Monroe Counties. We’re also eager for her to learn more about the policies and key concerns that are important to builders across the state of Pennsylvania.” DiLeo is a member of the Scranton Chamber of Influencers and NeighborWorks of NEPA (Northeastern PA). She is also a Dress for Success Lackawanna Board Member, and a Pocono Leaders of Tomorrow Committee Member. DiLeo resides in Greentown, PA, with her husband, Kyle. They have one daughter.
Wayne Bank Welcomes Joseph W. Adams as Senior Vice President Jim Donnelly, President and CEO of Wayne Bank, announced the appointment of Joseph W. Adams as Senior Vice President and Director of Wealth Management and Investment Services for Wayne Bank. Adams most recently served as Director for Norwood Financial Corp and Wayne Bank, having resigned that position during the March 19, 2024 board meeting. In his new role, Adams will provide leadership to the Bank’s Wealth Management and Trust Services department and Norwood Investment Corp. Mr. Donnelly stated, “Norwood Financial Corp and Wayne Bank have been fortunate to enjoy Joe’s extensive experience and guidance for over nine years during his tenure as Director. I am delighted that we will continue to benefit from those qualities, as well as his leadership and expertise in the field of wealth management and investment services. This is an exciting evolution for Wayne Bank and its employees, customers, and shareholders.” Adams has 39 years of financial management experience and has held titles including Business Manager, Financial Advisor, School Superintendent, and Senior Executive Vice President of Wealth Management. He was a Wayne County Commissioner and served as a member of the PA House of Representative for the 139th District of Pike and Wayne Counties. Adams earned a B. S. in Economics and Finance and an MBA in Accounting and Finance from the University of Scranton. He is also a Certified Financial Planning Curriculum Graduate from Pace University. Adams is an organizer of the Emergency Food Relief Program, which has raised over $400,000 in donations to feed 1600 local families. He was a former Chairman and a 30-year member of the Human Resource Center Board and a founding member of the Fall Music Festival and the Kelly Lalley Fund. He’s a member of the Honesdale Lions Club, the COAL Foundation, and the Committee to Renovate Hawley’s Bingham Park, as well as a former board member of NEPA Alliance, the Lake Region Chamber of Commerce, the Wayne County Family Center, the Wayne County Library Advisory Committee, the Wayne County YMCA, the Wayne County Children and Youth Advisory Board, and the Committee to relocate the historic White Mills Fire Hall. A former Chairman and member of the Palmyra Township Planning Committee, Adams has helped organize the effort to save the historic Hankins Dam, build the outdoor dog play park at Dessin Animal Shelter, and build Western Wayne’s softball Field. He’s volunteered his time as a Wallenpaupack and Honesdale Biddy Basketball Referee, Wallenpaupack Biddy Basketball Coach, Wallenpaupack Teener League Umpire, and Wallenpaupack American Legion Baseball Coach. Adams is a 40-year member of the Honesdale Golf Club, a 40-year member of Cold Hill Hunting Club, and a lifelong member of Murphy Hunting Club. He resides in Hamlin with his wife, Kathy.
Wayne Bank’s Anna Van Acker Receives PA Bankers Tomorrow’s Promise Award Anna Van Acker, Wayne Bank Assistant Vice President and Commercial Lender, was the recipient of the PA Bankers Women in Banking Recognition of Excellence “Tomorrow’s Promise Award,” at the 2024 Women in Banking Conference in Hershey, PA. Each year, the Women in Banking Recognition of Excellence Program honors rising stars and leaders throughout the banking industry that continually “go the extra mile” promoting and inspiring other women to reach their full potential within their company as well as their community. Four individuals were honored in three categories at the March 4th conference located at the Hershey Lodge and Convention Center. Van Acker was nominated by Wayne Bank Vice President and Marketing Manager, Kristen Lancia, and was selected amongst five additional nominees. She was recognized as a woman, aged 35 or younger, who continues to make a significant impact in the financial industry and her community, making her “one to watch” in the Pennsylvania market. According to Wayne Bank President & CEO, Jim Donnelly, “We are incredibly proud to have Anna on our team at Wayne Bank and congratulate her on this well-deserved award. She embodies true leadership and has a passion for helping others, whether it be at work with her colleagues and customers, or in the local community.” Van Acker began her banking career in 2018 as a management trainee and was hired as a Commercial Lender with Wayne Bank in 2021. She was promoted to Assistant Vice President and Commercial Loan Officer in 2022. Van Acker loves working with local business owners to help them transform their visions into reality. She says the most satisfying part of her job is watching her clients’ businesses grow into beloved community landmarks. Inspired by her parents, Van Acker discovered her passion for community service early in life. She currently serves on the board of directors for the Human Resources Center, PAWS of NEPA, and the PA Professional Women in Building Council. She is also a committee member of the PA Bankers Young Professionals Association. In addition, Anna volunteers with the Honesdale Area Jaycees, and maintains memberships with several industry organizations throughout the area. Van Acker attended the University of Scranton and holds a Bachelor of Arts in English Literature, with a minor in French Language and Literature. She resides in Pike County with her husband, Mark, and their dog, Faust. PHOTO CAPTION – LEFT TO RIGHT: Jim Donnelly, Wayne Bank President & CEO; Anna Van Acker, Wayne Bank Assistant Vice President & Commercial Lender, and Tomorrow’s Promise Award Recipient; J. Duncan Campbell III, President & CEO, PA Bankers Association.
Wayne Bank Supports the Wayne County YMCA James O. Donnelly, President and Chief Executive Officer of Wayne Bank, is pleased to announce that the Bank has supported the Wayne County YMCA with a donation through the Neighborhood Assistance Program – Special Priorities Program (“NAP-SPP”). Representatives from the Wayne County YMCA’s Board of Directors and Executive Leadership, elected officials from Pennsylvania, and the Northeast Regional Director for the Department of Community and Economic Development accepted a check in the amount of $124,250.00 from Diane Wylam, Wayne Bank’s Senior Trust Officer, and Derek Bellinger, Wayne Bank’s Residential Mortgage Sales Officer. The gift was made possible as a result of the NAP-SPP Tax Credit Program offered by the Commonwealth of Pennsylvania, acting through the Department of Community and Economic Development. “Wayne Bank is so pleased to contribute towards the growth of the Wayne County YMCA,” stated Mr. Donnelly. “Supporting the YMCA through our donation reflects our commitment to investing in the health and well-being of our community. We believe in the YMCA’s mission to empower individuals and strengthen the foundation of our society through youth development, healthy living, and social responsibility.” Wayne County YMCA is a non-profit agency serving Wayne County for over 40 years. The YMCA offers programs not only at its current facility located on Park Street in Honesdale, but throughout Wayne County as well. The YMCA offers programs for all ages – from preschool to senior citizens. Financial assistance is available to those in need. Wayne Bank is a subsidiary of Norwood Financial Corp, Member FDIC, Equal Housing Lender, 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. PHOTO CAPTION – LEFT TO RIGHT: Dan Card, Wayne County YMCA Board Member and Treasurer; Rosemary Brown, PA State Senator; Derek Bellinger, Wayne Bank Residential Mortgage Sales Officer; Diane Wylam, Wayne Bank Senior Trust Officer; Paul Macknosky, Northeast Regional Director for the Department of Community and Economic Development; Tina Hoehn, CEO and Executive Director of the Wayne County YMCA; Anthony Herzog, Field Representative for State Senator Lisa Baker’s Office; Jonathan Fritz, PA State Representative.
Wayne Bank Announces Promotion in Audit Department Jim Donnelly, President and Chief Executive Officer of Wayne Bank, is pleased to announce the promotion of Lexi Reeves to Assistant Vice President and Internal Audit Manager. Reeves joined the Bank in 2021 and holds a Bachelor’s Degree in Accounting and a Master’s Degree in Forensic Accounting from the University of Albany. Mr. Donnelly stated, “I’m delighted to announce this promotion. As Assistant Vice President and Internal Audit Manager, Lexi will lead and oversee Wayne Bank’s internal audit function. Her extensive education, dedication, and diligence make her highly deserving of this promotion.” Reeves is the Vice President and Programming Officer of the NEPA IIA Chapter and resides in Narrowsburg, where she enjoys spending time with her two dogs, Izzy and Daisy.
Wayne Bank Announces Promotion in Mortgage Department Jim Donnelly, President and Chief Executive Officer of Wayne Bank, is pleased to announce the promotion of Tiffany Dzwieleski to Bank Officer and Mortgage Originator. Dzwieleski joined the Bank in 2021 and is a Xinnix Certified Originator, an accomplishment that less than 1% of originators nationwide have completed. Mr. Donnelly stated, “Tiffany’s passion for helping our customers find the right mortgage to suit their lifestyle makes her a wonderful resource on our mortgage team. Her naturally friendly, helpful, and sincere nature are a perfect fit for her role, and I look forward to witnessing her future success within our organization. She is highly deserving of this promotion.” Dzwieleski is extremely active within her community. She is a member of the Honesdale Area Jaycees and the Honesdale Lions Club. She also serves on the Board of Directors for the Wayne Pike Building Industry Association. She resides in Honesdale with her Husband, Frank, their two Cockapoo’s, Gus, and Fred, and a rescue cat, named Bobby.
