General Information

Branch Manager Brian Burd and his staff with the assistance of State Senator Lisa Baker cut the ribbon and officially opened HNB's new Kingston Office on Friday, June 1st. The office is located at 786 Wyoming Avenue in Kingston.

According to Brian "today we kicked off our Grand Opening Celebration, featuring our Samples form the HNB Vault promotion.

He continued, "We look forward to having the community join in and I’d like to invite everyone to visit us here at the corner of Wyoming Avenue and Bennet Streets – on the lot of the former George Allis Jeep dealership. Stop in, say hello and see what good friendly "Hometown Service" is all about. Join Sara, Jessica, Colleen, Denise, Judy, Joe Killeen, me and everyone here at The Honesdale National Bank’s new Kingston Office."

The Grand Opening festivities include:
On June 1st HNB will begin issuance of the New $1 Bills – with a removable sicker identifying it as a “Sample from the HNB Vault”.

Visitors to the Branch are encouraged to support the Hoyt Library or St. Vincent DePaul Kitchen – or both. St. Vincent’s is in need of canned vegetables and monetary donations, while all contributions to the Hoyt Library will go towards the Capital Campaign to rebuild the library. The roof over the children’s wing of the library collapsed on February 14th under the weight of the snow.

“River Rewards Cards” (a benefit card issued by FM 105 The River), will also be available to every adult who visits the Branch.

HNB will draw 3 winning $1 Bill Serial Numbers each day from Saturday, June 2nd through Thursday, June 14th. The winning numbers will be announced on 105 - The River and will be posted in the loby and on a special page on HNB's Website - www.hnbbank.com.

HNB will host a Party on Saturday, June 16th beginning at 1:00 PM – open to the public, with free food from local businesses. All present will be encouraged to support the Hoyt Library or St. Vincent DePaul Kitchen – or both. 105 - The River will conduct a Live Broadcast from Noon to 2:00 PM.

Dollar the Dragon, the leader of HNB's Children's Club Account will be there meeting with children.

All present – not holding a winning $1 Bill can place their name in the 2nd Chance Drawing. Names will be drawn from the 2nd Chance Drawing entries for any remaining/unclaimed “Money Bags”. All those holding winning “Samples from the vault will be awarded their “”Money Bag”. Prizes will include $2,500, prizes and gift certificates from local businesses, tickets to New York Yankee games, tickets to SWB Yankee Games and other prizes.

In addition to the Grand Prize amount of $2,500, $1,250 will be donated to the Hoyt Library and St. Vincent DePaul Kitchen in the name of the Grand Prize Winner.

Going forward, those holding “Sample from the Vault” $1 Bills or River Rewards Cards will be eligible for subsequent bank special offers (bonus CD rates, discounted loan rates, etc.).

Honesdale National purchased the property in March, razed the existing structures and began the design, permit and bidding process for the new office. With construction now underway, the bank is targeting a mid-second quarter 2007 opening.

In addition to the lobby teller & customer service areas, the 3,800+ square foot Full-Service Branch will house Consumer, Mortgage and Commercial Loan Officers and provide 3 Drive-Up Banking lanes - including a full service Drive-Up ATM - Safe Deposit Boxes and Night Depository service.

The Honesdale National Bank was established in 1836 and is the oldest independently owned community bank headquartered in Northeastern PA, with full service offices in Wayne, Pike, Susquehanna, and Lackawanna Counties and the HNB Mortgage Center, at 38 North Franklin Street in Wilkes-Barre, Luzerne County.

Pictured from the left are: Keith Keiper, Kingston Chief of Police, Thomas Sheridan, HNB EVP & COO, Paul Keating, Kingston Municipal Administrator, William Schweighofer, HNB President & CEO, Nancy Cooper, Kingston Borough Council, Roger Dirlam, Vice Chairmen of the HNB Board of Directors, Joseph Killeen, HNB VP & Commercial Loan Officer, Harry Mattern, Kingston Solicitor and Paul Meagher, HNB Board of Directors Member.

The Honesdale National Bank will provide an opportunity for individuals to securely dispose of paper documents, cancelled checks, files and other papers that are no longer required for personal records. The 9:00 AM to 1:00 PM program will be held on Saturday, October 14th at their Route 6 Plaza Office, 3 Miles East of Honesdale. An industrial shredding truck from All-Shred in Moscow PA will be on site to destroy materials no longer required for personal records. All-Shred is the licensed and bonded shredding company that HNB utilizes to destroy all of their sensitive documents. To accommodate as many people as possible, individuals may bring up to 3 Copy Paper Sized boxes of paper documents to be shredded as they watch.

This service is free and available to all individuals, compliments of HNB. No appointment is necessary and there is no need to remove staples or separate pads of checks.

Proper destruction of confidential information is an important step in preventing identity theft, the fastest growing crime today. In addition to this Shredding Day, the bank has taken several steps to keep their customers and the general public informed of current fraud scams and assist customers who are targets of identity theft. Links are provided on their website www.hnbbank.com, regarding Homeland Security, Identity Theft, Phishing, Pharming and how to obtain an annual free copy of credit report.

The Honesdale National Bank, established in 1836, is the oldest independent community bank headquartered in Northeastern Pennsylvania and operates seven full service offices in Wayne, Pike, Susquehanna and Lackawanna Counties as well as the HNB Mortgage Center in Luzerne County.

Honesdale, PA - William Schweighofer, President and CEO of The Honesdale National Bank, has announced that Paul M. Vitiello has joined the bank as the UVEST Financial Services Representative. Paul and his associate James Ratliff have their offices in HNB’s Corporate Center at 724 Main Street in Honesdale. Mr. Vitiello comes to HNB with over seventeen years of financial services experience.

Regarding the announcement Mr. Schweighofer commented that, “Paul is a welcome addition to our Wealth Management Division. Through our partnership with UVEST Financial Services, our clients have access to a full service investment program. By providing these opportunities it is imperative that we have someone like Paul, who understands their goals and concerns, as our Financial Representative.

His experience, knowledge and commitment to client service, combined with his lifelong ties to our area, make Paul a perfect fit for those seeking investment services and an ideal addition to our HNB family.” As a premier independent community bank, our full service Investment and Trust Departments are staffed with local, Hometown People who live and are active in the communities we serve.”

Vitiello attended Penn State University and the American College and has received extensive training in Wealth Accumulation, Wealth Transfer, Estate Planning and Life Insurance opportunities. He has attained the LUTCF - Underwriters Training Council Fellow and CLF certification titles as well as various NASD Series Licenses. Paul is also certified in Life, Accident, Health and Property Casualty Insurance in the Commonwealth.

Mr. Vitiello is fully licensed in all investment, retirement and life insurance product lines and has worked for some of the nation’s largest insurance companies. He has gained extensive knowledge, training and experience in the areas of investments, financial needs analysis and asset/portfolio management and holds licenses for the sale of Insurances, Annuities and IRAs, in Pennsylvania, New York, New Jersey and Florida.

Paul will meet with clients at any of Honesdale National’s seven Branches, at the HNB Mortgage Center in Wilkes-Barre, at the client’s business or the office of their attorney or tax consultant.

Vitiello is the President and Founding Member of the Northeast Social Dance Club, a member of the American BOP Association and serves as a Neighborhood Sponsor for Saint Jude’s Children’s Hospital. He is a Founding Member of the Valley Community Library in Peckville, having served as Treasurer for four years and is a former Chairman of the Lackawanna County American Cancer Society’s Relay for Life.

He and his wife, Doreen, enjoy dancing, travel, cooking and gardening. They reside in Dickson City with their daughter Aubrie. Their son, Paul Jr. lives in Jessup.

UVEST Financial Services, headquartered in Charlotte, North Carolina, is a registered securities broker-dealer, a member of the National Association of Securities Dealers (NASD), the Securities Investors Corporation (SIPC) and the Securities Industry Association (SIA).

The Honesdale National Bank, established in 1836, is the oldest independent community bank headquartered in Northeastern Pennsylvania and operates seven full service offices in Wayne, Pike, Susquehanna and Lackawanna Counties as well as the HNB Mortgage Center in Luzerne County.

Honesdale, PA – The annual shareholders meeting for Honat Bancorp, Inc. and its wholly owned subsidiary, The Honesdale National Bank was held on Tuesday, April 25th in the training Room of HNB’s new Corporate Center at 724 Main Street in Honesdale.

The meeting was called to order by bank President and CEO, William Schweighofer, with the main focus being the election of two Directors. John P. Burlein and William C. Schweighofer were nominated and re-elected, with each to serve a three-year term. They rejoin Board Members, Roger L. Dirlam, Chares H. Jurgensen, Paul M. Meagher and Kurt I. Propst.

Mr. Schweighofer then briefly recapped the bank’s financial highlights for the prior year and the general direction for the future. Specifically mentioned was the increase in Net Income for 2005 and the exceptional performance as indicated by the key bank ratios with respect to comparably sized institutions. Income was up 6.11% which translated into a Return on Average Assets (ROA) of 1.57% and a Return on Equity (ROE) of 15.79%. During the year, the book value of HONAT Bancorp, Inc. stock rose 12.07%.

He emphasized the important roles that the employees and directors played in the recent year and thanked them as well as the shareholders for their business, loyalty, support and referrals. Schweighofer especially mentioned his appreciation of the 733 Main Street Office staff for their work and positive attitude during the renovation of their building and invited those in attendance to visit the office and participate in the Grand Reopening festivities.

Immediately following the public shareholders meeting, the Board reconvened for their reorganization meeting naming the Officers of Honat Bancorp, Inc. and The Honesdale National Bank.

Honat Bancorp, Inc. Officers for the year are John P. Burlein, Chairman; Roger L. Dirlam, Vice Chairman; William Schweighofer, President and CEO; Luke W. Woodmansee, Vice President & Secretary and Thomas E. Sheridan, Jr., Vice President & Treasurer.

Officers of The Honesdale National Bank were named as follows: John P. Burlein, Chairman of the Board; Roger L. Dirlam, Vice Chairman; William Schweighofer, President and Chief Executive Officer; Thomas E. Sheridan, Jr., Executive Vice President, Chief Operating and Chief Financial Officer and Luke W. Woodmansee, Executive Vice President, Senior Loan Officer and Secretary. Kathleen Enslin, Mark A. Graziadio, James G. Jennings, Joseph I. Killeen, James V. Musto, Raymond R. Pilch, Michael E. Rollison, Ronald M. Sebastianelli and Marcele R. Swingle were named as Vice Presidents of the bank. Additionally Treva J. Day, David M. Swingle and Stephen J. Ursich, were named Assistant Vice Presidents, Lisa S. Bonham and Diane Fonner, Assistant Trust Officers. Tammy L. Hardler was named as the Executive Secretary; Shirley Bonham, Assistant Cashier; Christopher T. Bresset, Consumer Lending Manager, Lisa A. Dowse, Helen E. Piorkowski and Nancy Swingle, Loan Officers; Cynthia M. Motichka, Loan Operations Supervisor; Brian T. Field, Beverly Simons and Paulette Straka, Branch Managers and Loan Officers and Kate Bryant was named as the Bank Secrecy Officer.

The Honesdale National Bank operates full service branches in Honesdale (733 Main Street & Route 6 Plaza), Forest City, Montdale, Lackawaxen, Hamlin, on Route 6 at Lake Wallenpaupack and serves the residential mortgage needs of Northeastern PA with their HNB Mortgage Center in headquartered in Wilkes-Barre. Additional information can be found at www.hnbbank.com.

HONEDALE, PA – The Honesdale National Bank’s Board of Directors and Main Street Office staff were joined by Borough and Chamber representatives and other dignitaries on April 12th for the Ribbon Cutting and Rededication of their newly remodeled 733 Main Street Office. This signified the completion of the bank’s Three-Phase Expansion and Renovation Plan that began in 2004.

Commenting on the completion, HNB President and CEO William Schweighofer said, “I want to take this opportunity to thank the Main Street Office staff and our customers for their understanding and patience. Working or conducting business in a building that is under construction is dirty, noisy and sometimes distracting. However everyone remained supportive and adapted to the temporary facilities that were necessary to complete the project. We were able to maintain our high level of customer service only because of the cooperation of the employees and customers, which exemplifies why both are such an important part of our ongoing success.”

With the completion of the Corporate Center, in August of 2005, work immediately began on the third phase of the plan – the renovation of the 733 Main Street Office. This included raising the floor in the building adjacent to the original bank building, relocating the entrance, installing a handicap accessible ramp, removing the smooth granite façade and replacing it with Indiana Limestone to match the 1896 building.

Once the façade work was completed and the new entrance was operational, the Tellers, Customer Service Representatives and Consumer Lenders moved to temporary locations within the building while the renovation focused on the original bank lobby. A walk-up ATM was installed in the foyer of the new entrance providing easy access from Main Street and historic lamps were installed along Main Street and at the entrance to the Drive-Up lanes on Church Street.

Special care was taken in restoring much of the original woodwork and creating arched ceiling areas, with wood accents, to showcase the stained glass window facing Main Street. The office features expanded teller area, Customer Service and Consumer Lending areas.

Through April 29th, customers and visitors are invited to register for a Grand Prize Drawing and select an egg from our basket for special bonus rates on a Consumer Loan or Certificate of Deposit as well as some other prizes. In 2004 the bank announced their Three Phase plan for the relocation of the Drive-Up Banking facilities, construction of a new Corporate Center and the renovation of the 733 Main Street Office Facility.

The first phase included the razing of the Hippensteel Building on 8th Street, relocation of HNB’s Drive-Up banking lanes and the addition of a Drive-Up ATM at the rear of the current 733 Main Street facility and was completed in mid October 2004. The renovation included the building of a garage to house HNB’s Mobile ATM & Event Truck, courier vehicles and supplies.

Once the New Drive-Up Lanes and ATM became operational, work began on construction of HNB’s Corporate Center. The three story facility was occupied in July and officially dedicated in August 2005 – months ahead of schedule. The Corporate Center is located directly across from the Main Street Office and houses the bank’s Commercial Lending, Trust, UVest, Loan and Deposit Operations, Data Processing & Information Technology, Branch Administration, Human Resources, Finance, Marketing and Administration Departments. The Center is also the Corporate Headquarters for HONAT Bancorp, the bank’s Holding Company and contains the Board Meeting Room, four conference rooms, a training room and employee dining area.

The Honesdale National Bank is the oldest Independent Community Bank headquartered in Northeastern PA with two offices in Honesdale, additional branches in Forest City, Montdale, Lake Wallenpaupack, Lackawaxen and Hamlin and the HNB Mortgage Center, headquartered in Wilkes-Barre.