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AMY MILEWSKI PROMOTED TO MORTGAGE LOAN SPECIALIST AT HNB
HONESDALE, PA – William C. Schweighofer, President and CEO of The Honesdale National Bank announced the promotion of Amy Milewski to Mortgage Loan Specialist for the Hamlin and Lake Wallenpaupack areas.
In making the announcement, Schweighofer stated, “We are extremely pleased to have Amy as a member of our HNB family. Her years with HNB have provided her with insight into how our bank interacts with and supports the relationships we have with our customers, shareholders, and the communities we serve. Amy will be an excellent representative serving the residential mortgage needs of those in the Hamlin and Lake Wallenpaupack areas. She recognizes the important role our bank plays in these local economies and is committed to assisting us in building and enhancing those relationships and delivering the personal attention and hometown service our bank is noted for.”
Ms. Milewski joined HNB in January 2009 as an intern in the Marketing and Financial Services departments. During this time, Amy developed a general knowledge of HNB’s various products and services and assisted the Financial Consultant with increasing sales and production. Subsequently, she trained in other areas of the bank, working as a teller and honing her customer service skills. This helped her gain a better understanding of the many areas of the bank and the various products and services offered.
In January 2010, Amy became a full-time mortgage loan processor and underwriter in the HNB Mortgage division. She analyzed all aspects associated with a mortgage loan application and worked with customers and the HNB personnel involved to facilitate the application and approval process.
In her position as a Mortgage Loan Specialist, Amy will develop relationships with members and affiliates of the Wayne and Pike County Builders and Realtors Associations to assist them and their clients with determining the appropriate and most cost-effective mortgage financing options. With her experience, especially with the qualification and processing guidelines, she will be a valuable resource for those seeking financing in the greater Hamlin and Lake Wallenpaupack areas.
Ms. Milewski is a 2009 graduate of Penn State University where she received a bachelor’s degree in business administration, focusing on financial services. She is currently a member of the Penn State Alumni Association.
Amy lives in Jermyn and enjoys traveling, health and wellness, reading, dancing, and helping and understanding others. She is the daughter of Anthony and Lou Ann Milewski and has three sisters Cara, Leah, and Maria, and two brother-in-laws Will and Jeremy.
SCHWEIGHOFER ANNOUNCES RETIREMENT FROM HNB
SHERIDAN NAMED TO SUCCEED AS NEW PRESIDENT & CEO
HONESDALE, PA – William Schweighofer, President and CEO of The Honesdale National Bank, announced his retirement effective December 31, 2013. Thomas E. Sheridan, Jr. has been named President and CEO effective January 1, 2014. Mr. Schweighofer joined the bank in 1975 and held the leadership role of CEO since 1982. Mr. Schweighofer stated, “After nearly 40 years at HNB, it is my pleasure to pass the torch to Tom Sheridan. He is a perfect fit for this position. His many years of banking experience along with his tireless work ethic have well prepared him for this leadership role.”
Mr. Schweighofer will become Chairman of the Board of Honat Bancorp, Inc. and The Honesdale National Bank on January 1, 2014 replacing John P. Burlein, VMD who served as Chairman since 1996 and will remain on the Board and serve in the capacity of Vice Chairman. Dr. Burlein said, “It has been a privilege to serve as Chairman of the Board for 17 years. I am truly honored that William Schweighofer will replace me as Chairman and look forward to remaining on the Board as Vice Chairman.” Schweighofer added, “HNB is a very special place. Our Board of Directors and the entire staff are caring, compassionate and dedicated professionals. I feel honored to be associated with them.”
Mr. Sheridan joined The Honesdale National Bank in May 2001 as Executive Vice President and Chief Operating Officer and was named Vice President and Treasurer of Honat Bancorp, Inc. in 2004. Prior to joining The Honesdale National Bank, Mr. Sheridan held various positions at another financial institution leaving that company as Chief Operating Officer. His banking career began in 1978 when he worked at the Hawley Bank.
Mr. Sheridan received his B. S. in Accounting from the University of Scranton in 1979. He also received his Certified Bank Auditor Certificate from the Bank Administration Institute in 1984 and went on to get his MBA in Accounting from the University of Scranton in 1986. Mr. Sheridan successfully completed the Pennsylvania Banker Association’s Executive Leadership Program in December 2007 and currently serves that organization on its Member Services Policy Committee. Tom is an active board member of the Wayne County Community Foundation since 2000 and currently serves as treasurer. He also serves as a member of the board of both the Human Resources Center, Inc. and the Wayne Memorial Health Foundation.
Tom and his wife, Victoria, reside in Hawley and are the proud parents of two adult children, Cody and Kelsey.
The Honesdale National Bank is the oldest, independent community bank serving Northeastern Pennsylvania and the Southern Tier Counties of New York. The bank was established in 1836 and has nine full service community bank offices in Wayne, Pike, Lackawanna, Luzerne, and Susquehanna Counties.
NICK D’ALBERTO JOINS HNB
HONESDALE, PA – William Schweighofer, President and CEO of The Honesdale National Bank, has announced that Nick D’Alberto has joined the bank as a branch manager and loan officer of the Kingston branch.
Schweighofer commented, “We are extremely pleased to have Nick join our HNB family. His experience, dedication and enthusiasm will support and enhance the personal attention and hometown service our bank is noted for. Nick recognizes the important role our bank plays in the communities we serve and is committed to building and enhancing those relationships.”
D’Alberto brings over twenty years of bank management experience and several years of customer service experience to the position. He has served as a Customer Service Representative, Assistant Branch Manager and Branch Manager for regional financial institutions in Lackawanna, Wyoming and Luzerne Counties.
Nick is a graduate of Bloomsburg University where he received a Bachelor’s Degree in Education and completed undergraduate business courses toward his MBA. He received his AIB Banking Certificate in 1991.
Nick has been a member of the Scranton Chamber of Commerce, the Rotary Club of Wilkes-Barre and the Tunkhannock Business and Professionals Association. He is a past president of the Tunkhannock Rotary Club, a past District Treasurer of the Rotary International District 7410 and was a board member of United Way of Wyoming County.
His hobbies include camping, hiking, gardening, reading, travel, and cooking.
BRIAN BURD NAMED MAIN STREET BRANCH MANAGER AT HNB
HONESDALE, PA - William Schweighofer, President and CEO of The Honesdale National Bank announced Brian E. Burd as the new Branch Manager of the 733 Main Street branch in Honesdale. Brian has been the Branch Manager of the Kingston branch since 2007.
In making the announcement, Schweighofer stated, “We are extremely pleased to have Brian as an integral part of our HNB family. For us, it is imperative that we have a professional with his experience, dedication and enthusiasm. I am certain he will provide the personal attention and Hometown service our bank is noted for. He recognizes the important role our bank plays in the communities we serve and is committed to building and enhancing those relationships.”
As the Main Street Branch Manager, Mr. Burd is specifically charged with all duties of the operation of the bank’s office. In addition to offering a variety of deposit products and services options, Brian is a loan officer with lending authority for consumer, mortgage, small business, and other types of loans.
In commenting on his new position Burd noted that “It has been a privilege to work for The Honesdale National Bank for the past six years. By transferring from Kingston to Honesdale’s 733 Main Street Office, I will have the opportunity to work in the town where 177 years of HNB traditions have been built and develop personal relationships with the people in area. I am looking forward to a truly enjoyable and interesting experience.”
Brian is a graduate of Dallas High School, where he earned district and state accolades for his performance on the football team. He holds a BA in Business Management from The University of Scranton. He furthered his financial education by graduating from the Pennsylvania Bankers Association (PBA) School of Banking, held at Dickinson University in Carlisle and completing the PBA’s School of Commercial Lending held at Bucknell University. Since, he has also obtained his Master’s Degree in Business Administration from Misericordia University.
Mr. Burd is the president of the Tunkhannock Area Junior Football and Cheerleading organization, as well as being a little league baseball coach. He, his wife Kathy, and their two children live in Centermoreland. Brian assists Mrs. Burd with treasury work for the Evans Falls Elementary School PTO and leading of the Centermoreland Daisy Troop. His local volunteer efforts will began with the with the Greater Honesdale Partnership’s Harvest & Heritage Days in Honesdale. In his spare time, Brian enjoys reading, hiking, and studying history and science.
Brian’s office is in HNB’s 733 Main Street branch. He can be reached by calling 800-HNB-9515 or sending an email to email@example.com.
LAURIE HARRINGTON PROMOTED AT HNB
HONESDALE, PA – William C. Schweighofer, President and CEO of The Honesdale National Bank, announced the promotion of Laurie Harrington to Loan Review Officer.
In making the announcement, Schweighofer stated, “We are extremely pleased to retain Laurie as a member of our HNB family. She has displayed a keen understanding of HNB’s philosophies, our emphasis on asset quality and the impact our lending strategies have on our customers, shareholders and the communities we serve. She recognizes the important role our bank plays in the local economies and is committed to assisting us in building and enhancing those relationships, delivering the personal attention and Hometown service our bank is noted for. As the regulatory burden on our industry continues to increase, Laurie has been a valuable asset in HNB’s loan department compliance efforts.”
Mrs. Harrington joined HNB in April 2004 as a teller. She was quickly promoted to customer service representative due to her warm and friendly personality, then soon became an HNB Administrative Assistant. With interest in loans, her career at HNB turned to promote her to Portfolio Loan Processor. Laurie honed in on her leadership qualities and became a Management Trainee at HNB in 2005. In 2007, she was promoted to Loan Review, and she has since become an integral member of the Loan Department. Her success made her a great candidate for Loan Review Officer.
Laurie holds a Bachelor of Science in Business Administration from the University of Pittsburgh with a major in finance. To further her education in banking, Laurie has attended various training schools and seminars including the Pennsylvania Bankers Association’s Central Atlantic School of Banking, BAI’s Credit Analysis and Loan Review I & II sessions and the FMS Loan Review Best Practices training.
Mrs. Harrington successfully completed the Leadership Wayne program through the Wayne County Chamber of Commerce and is a member of the Rotary Club of Honesdale, serving as the Grants Committee Co-Chair. She volunteers with the American Red Cross, coordinating HNB’s sponsorship of annual blood drives, and is a Creative Beginnings Learning Center Ministry Team member.
Laurie and her husband, Ray, reside in Honesdale with their two children, Lucy and Raymond. In her spare time, Laurie enjoys volunteering, traveling, hiking and reading.
HNB TO OPEN A BRANCH IN EYNON
HONESDALE, PA – The Board of Directors of The Honesdale National Bank approved the filing of an application with the Office of the Comptroller of Currency (OCC) for a branch office located at 202 Betty Street, Eynon PA.
William Schweighofer, HNB President and CEO stated, “For quite some time we have investigated potential branch locations in that market. The recent relocation by former occupants of the office made this an easy decision for us. We are very excited about this opportunity and look forward to expanding our footprint in Lackawanna County.”
The 10th HNB office will be a full service branch designed to serve the financial needs of that community. Honesdale National currently operates a branch office on Chapman Lake Road in Scott Township and accounts may be opened at that office in preparation for the opening of the Eynon Branch later this year. In the interim, interested individuals and businesses may visit HNB’s Montdale or Forest City Offices or call 800-HNB-9515 for more information.
The Honesdale National Bank, established in 1836, holds the distinction of being the area’s oldest independent community bank headquartered in Northeastern PA, with offices in Wayne, Pike, Susquehanna, Lackawanna and Luzerne Counties.
CHARLES CURTIN JOINS HNB AS TRUST OFFICER
HONESDALE, PA – William C. Schweighofer, President and CEO of The Honesdale National Bank, announced that Charles Curtin has joined HNB as a Trust Officer.
In making the announcement, Schweighofer stated, “We are extremely pleased to welcome Charlie into the HNB family. His experience, education and personality will enhance the interaction between the bank and our Wealth Management Departments, supporting the relationships we have with our customers, shareholders and the communities we serve. He appreciates the important role our bank plays in the local economies and is committed to assisting us in building and enhancing those relationships, delivering the personal attention and Hometown service our bank is noted for.”
Prior to working in private law practice in Northeast Pennsylvania where he specialized in estate and tax law, Mr. Curtin was employed in the Mergers and Acquisition tax group of a Big 4 accounting firm in San Jose, California. His office is in the HNB Corporate Center at 724 Main Street, Honesdale.
Mr. Curtin holds a Bachelor of Arts degree from American University, a Juris Doctorate (J.D.) from the University of Pittsburgh and a Masters of Tax Law from the University of Washington. He volunteers for Lackawanna Pro Bono, Inc. and is a member of the Wealth Counsel and Estate Planning Council of NEPA.
In addition to spending time with his family, Charlie enjoys reading, playing golf, skiing and rooting for Philadelphia sports teams. He and his wife Lizabeth live in Clarks-Summit, PA and are the proud parents of their son, Charles.
WILLIAM (BILL) CARMODY JOINS HNB
HONESDALE, PA – William Schweighofer, President and CEO of The Honesdale National Bank announced that William (Bill) Carmody has joined the bank’s HNB Financial Services Department as a Financial Consultant.
In making the announcement, Schweighofer stated, “Bill is a welcome addition to the Wealth Management Division of our HNB family. His experience, knowledge and commitment to client service, combined with his lifelong ties to our area, make him uniquely qualified to assist those seeking investment services from a premier community bank like ours. Through our partnership with Cetera Investment Services, our clients have access to a full service investment program. While providing these opportunities it is imperative that we have someone like Bill, who understands their goals and concerns and is committed to providing the Hometown Service our bank has been noted for.”
Mr. Carmody brings nearly 15 years of experience in the financial services industry to his position at HNB. He is the previous owner of Carmody Financial Group, where he assisted clients with financial investments and property and casualty insurance for over 13 years. Prior to that, he was employed for 11 years at, family-owned, B&B Dodge as a sales representative.
Bill is a graduate of Honesdale High School and attended the Northeast Institute of Education where he obtained an associate degree in Specialized Business. Mr. Carmody holds series 6, 7 and 65 securities licenses and is credentialed for the sale of life, disability and long term care insurance.
Carmody enjoys spending time with his family, including his wife Colleen and their three daughters Abigail, Rebecca and Rachel. His interests include supporting his daughters in their athletic and extracurricular endeavors, coaching, playing basketball and golf, hunting, fishing and music – especially the guitar. He is a member of the St. Mary’s Parish in Waymart, the Fraternal Order of Eagles and the Knights of Columbus.
As HNB’s Financial Consultant, Mr. Carmody is available to meet with clients and prospective clients at any of Honesdale National’s nine branches, the HNB Corporate Center, the HNB Mortgage Center in Wilkes-Barre, the client’s home or business or at the office of their attorney or tax consultant. Bill is a friendly, knowledgeable resource for answers to all investment questions. He is headquartered in the HNB Corporate Center at 724 Main Street in Honesdale.
KATE BRYANT PROMOTED TO VICE PRESIDENT AT HNB
HONESDALE, PA – William C. Schweighofer, President and CEO of The Honesdale National Bank announced the promotion of Kate Bryant to Vice President.
In making the announcement, Schweighofer stated, “We are extremely pleased to have Kate as a member of our HNB family. She has displayed a keen understanding of how the financial portion of our business interacts with and supports the relationships we have with our customers, shareholders and the communities we serve. She recognizes the important role our bank plays in the local economies and is committed to assisting us in building and enhancing those relationships, delivering the personal attention and Hometown service our bank is noted for. With the increasing regulation of our industry, it is imperative that we dedicate the necessary time and resources for compliance. Kate has been a valuable asset in HNB’s regulatory compliance efforts.”
Mrs. Bryant joined HNB in March 2004 as an Accounting Administrator. She had gained 6 years of experience with investments, mutual funds, business administration and lending through her prior employment at a large brokerage and mutual fund company in the Philadelphia area and another financial institution located in northeastern PA. In July of 2005, she was promoted to Bank Secrecy Officer, assuming responsibility for all phases of HNB’s compliance with bank secrecy regulations including, customer identification and performing risk monitoring and analysis of the bank’s product lines and customer base. She was promoted to Assistant Vice President in 2010.
Mrs. Bryant is a graduate of HonesdaleHigh School. She holds a Bachelors of Science in Finance, along with a Minor in Economics from Indiana University of Pennsylvania and earned a Master’s in Business Administration from Villanova University in 2002. In June 2005, Bryant graduated with High Honors from the Pennsylvania Bankers Association’s (PBA) School of Banking held at DickinsonCollege in Carlisle PA.
Kate has been a member of the Board of Directors of the Wayne County Public Library since 2005, presently serving as Board Chairman. She served on the State Advisory Council for the PBA’s School of Banking and successfully completed the Leadership Wayne program in 2008-2009 sponsored by the Wayne County Chamber of Commerce.
Mrs. Bryant resides in Honesdale, PA with her husband, Zack and their two children, Caleb and Abraham.
Cynthia Motichka Promoted to Vice President at HNB
HONESDALE, PA – William C. Schweighofer, President and CEO of The Honesdale National Bank has announced the promotion of Cynthia Motichka to Vice President, Loan Compliance Officer.
Following the announcement, Schweighofer commented that, “Cindy has served the bank well in various capacities and with over 27 years in the banking business, she brings a wealth of experience to this position. She exhibits a true dedication to the kind of personal “Hometown Service” The Honesdale National Bank has become noted for. The regulatory burden on our industry is increasing. In her new position, Cindy will head up our loan compliance area and assist in our asset quality maintenance efforts.”
Mrs. Motichka joined HNB in 1993 as the bank’s Loan Review Officer. She served in that capacity until for more than nine years before assuming the position of Accounting Administrator. In 2004, Cindy was promoted to Loan Operations Supervisor, managing all of the operational aspects of loan document creation, booking, maintenance and servicing. In 2008 she was promoted to Assistant Vice President.
Mrs. Motichka is a graduate of WesternWayneHigh School and holds a Bachelor of Science Degree in Economics/Finance from the University of Scranton. She completed the Bank Administration Institute (BAI) Loan Review program and has attended numerous courses and seminars sponsored by the Pennsylvania Bankers Association (PBA) and the American Institute of Banking (AIB).
In addition to her involvement with HNB in parades and other community activities, Cindy serves on the Finance Council of St. Thomas More Parish in Lake Ariel and is a Volunteer Leader with the Explorers 4-H Club in Hamlin. She enjoys spending time with her family, working on their farm, which has been in the Motichka family for generations and assisting her husband with their beekeeping activities.
Mrs. Motichka reside in Hamlin with her husband Francis and their two children, Ellie and Thomas.
HNB RENEWS SUPPORT OF NORTHEAST INNOVATION ALLIANCE
HONESDALE, PA – The Honesdale National Bank renewed its support of Workforce Wayne – now the Northeast Innovation Alliance – and their initiatives by investing $1,000 in their sustainability campaign. William Schweighofer, HNB President and CEO and Kurt Propst, a member of HNB’s Board of Directors met with Lyndsay Birmelin and Cheryl Duquette of the Northeast Innovation Alliance to convey the bank’s endorsement of their efforts in “building talent together”. Schweighofer stated, “We believe well-trained employees, expanded career & technical education and an alliance between business, education, government, economic development, employment services and community entities are all are key ingredients for the development of our local economy. HNB has supported Workforce Wayne from its inception and we believe that the region will continue to benefit from the return on this investment in the Northeast Innovation Alliance.”
Visit www.workforcewayne.org or call 253-5334 to learn more about the Northeast Innovation Alliance and join with HNB to invest in a future of well-trained employees, expanding career & technical education, and a bridge between education and business.
JENNIFER JAYCOX JOINS HNB
HONESDALE, PA - William Schweighofer, President and CEO of The Honesdale National Bank announced that Jennifer Jaycox has joined the bank as a Vice President and Loan Operations Supervisor.
In making the announcement, Schweighofer stated, “We are extremely pleased to have Jennifer join our HNB family. As one of the area’s premier community banks, it is critical that we have a professional with her education, experience and dedication to providing the personal attention and hometown service our bank is noted for.”
Mrs. Jaycox has over 19 years of experience in the financial services industry, principally in the loan and credit card departments. As HNB’s Loan Operations Supervisor, she is specifically charged with the administration and processing of new loans and the operation and servicing of the existing portfolio. She is headquartered in the HNB Corporate Center at 724 Main Street in Honesdale.
Jennifer is a graduate of Wallenpaupack High School and attended Marywood University with a concentration in Spanish and International Business. She has successfully completed the American Institute of Banking’s Consumer Lending program and has attended various banking related seminars and courses.
Mrs. Jaycox enjoys using her creative talents to craft distinctive displays and has already volunteered to coordinate and design HNB’s Halloween float. She lives in southern Wayne County with her husband and daughter.
CHRISTOPHER COOK COMPLETES COMMERCIAL LENDING SCHOOL
HONESDALE, PA – Christopher Cook, Loan Officer at The Honesdale National Bank, successfully completed the coursework at the Pennsylvania Bankers Association (PBA) School of Commercial Lending held at the Penn Stater Conference Center in State College, PA.
The PBA Commercial Lending School provides students with a primary focus on business development, credit structuring and the practical application of commercial lending as well as client and internal communication. The courses of study at this school are equivalent to 200 and 300 level college courses and are specifically designed for those interested in developing a well-rounded business development and commercial lending skill set.
Chris joined Honesdale National as a Consumer Lender in the Forest City Office in October 2008. He holds an Associate Degree in Business Administration and Bachelor of Science Degree in Finance from Penn State University and also has successfully completed the PBA School of Banking and Advanced School of Banking. Presently, Mr. Cook is a Loan Officer in the Commercial Department at the HNB Corporate Center in Honesdale. Chris resides in Mayfield.
The Pennsylvania Bankers Association, located in Harrisburg, is the state’s largest banking trade association. The PBA offers extensive continuing education, government relations support and provides products, services and support of the banking industry and their employees.
HONAT BANCORP. INC. ANNOUNCES STOCK INCREASE & SPLIT
HONESDALE, PA – On Wednesday, June 12th the Board of Directors of Honat Bancorp, Inc. (OTCBB:HONT) announced that the six-for-one stock split approved and adopted by shareholders at the 2013 Annual Meeting of Shareholders held on April 23, 2013 will be effective on July 15, 2013 to shareholders of record on June 28, 2013. The approval and adoption by shareholders of the six-for-one stock split included an amendment to the articles of incorporation increasing the authorized number of shares of common stock from 500,000 to 5,000,000 and decreasing the par value of the common stock from $1.25 to $0.20.
According to HNB President & CEO William Schweighofer, “We believe this six for one split will enhance the marketability of our stock and we know it will make our company’s shares more affordable to people in the communities we serve”.
Honat Bancorp, Inc., headquartered in Honesdale, PA, is the parent bank holding company of The Honesdale National Bank. HNB is the oldest independent community bank headquartered in Northeastern PA. The bank has nine full service offices in Wayne, Pike, Lackawanna, Susquehanna and Luzerne Counties, a Trust and Investment Division in the HNB Corporate Center in Honesdale and the HNB Mortgage Center in Wilkes-Barre.
SCHWEIGHOFER ELECTED VICE CHAIRMAN OF STATEWIDE BOARD
Harrisburg, PA– William Schweighofer, President and CEO of The Honesdale National Bank, has been re-elected to the Pennsylvania Bankers Association (PBA) Board of Directors and will serve as the Board’s First Vice Chairman. The Board, which includes PBA’s officers, Policy Committee chairs, Group and Deposit representatives and at-large members meets at least quarterly to determine the policies and administration of the Association. Board members are CEOs and senior level officers of PBA member banks.
In this role as First Vice Chairman, Mr. Schweighofer will serve on the PBA’s Personnel Committee, attend banking industry and State Bankers Association meetings throughout the United States and represent the Association at various events. He will serve a one -year term starting July 1, 2012.
In addition to his responsibilities as the President and CEO at HNB and Board terms with local agencies such as Wayne Memorial Community Health Centers, WEDCO and the Greater Honesdale Partnership , Mr. Schweighofer has been involved in many community organizations and efforts and has served on various committees and task forces with the PBA. Most recently he served as the PBA Group 3 Chairman, representing banks in Northeastern PA, and as a member of the Advisory Committee for the PBA’s Advanced School of Banking held at State College.
The Pennsylvania Bankers Association, located in Harrisburg, is the state’s major banking trade association representing an expansive and diverse membership. The Association offers extensive continuing education programs, government relations representation on behalf of the industry, and provides numerous products and services for banks and their employees.
CHYANNE KEMP CAPTURES STATE BUSINESS PLAN AWARD
Honesdale, PA – Chyanne Kemp, a sophomore at Wallenpaupack Area High School, recently placed 1st in the state in the EconomicsPennsylvania Business Plan Competition in the Grade 8-10 Division. This competition exposes middle and high school students to the world of entrepreneurship and small business while fostering their creative their thinking and problem solving skills. Students work independently and learn how to create a small business, developing the operating, marketing and financial plans. In conclusion, they write a business plan which is submitted for judging by EconomicsPennsylvania.
Chyanne’s plan for ‘Take Off’ impressed the panel of judges for its soundness of business concept, research, and accuracy of the written product. The panel of judges is comprised of business owners, financial industry professionals and economic educators.
Ms. Kemp is a member of the National Honor Society, Art Club, and the Environmental Club, which recently won the District Championship, and competed in the State Championship. She also volunteers with the “Volunteers In Paupack” group. Chyanne is interested in a career in business, marketing, and advertising. Her teacher for the Business Plan Competition was Gene Shultz.
EconomicsPennsylvania is a not-for-profit organization that provides economic and financial literacy programs in Pennsylvania schools grades K-12. This local six county region is generously sponsored by The Honesdale National Bank through the HNB Center for Economic Education at the University of Scranton.
HNB Ranked as One of ICBA’s Top 20 Community Banks in the U.S.
Honesdale, PA – The Honesdale National Bank was recently listed as one of the top banks by the Independent Community Bankers of America (ICBA). As part of the year-end performance ranking of its members, the ICBA uses Call Report data from the FDIC to identify the top 20 community banks in various asset categories as measured by Return on Average Assets (ROAA) and Return on Equity (ROE) ratios for all of the prior year.
The list of banks, published in their June 2012 issue, raked The Honesdale National Bank at number 20 in the ROAA category for banks more than $500 Million in assets. The bank capped off their 175th year in business with earnings of almost $7.8 Million on their year-end assets of over $561 Million, which translates to a 1.45% ROAA. As of December 31, 2011, the well capitalized bank had Equity over $69.6 Million producing an ROE of 11.46%.
HNB President & CEO William Schweighofer commented that “I can only restate some of the comments I made in my annual letter to our shareholders. What a wonderful year 2011 was for The Honesdale National Bank – record profits, record asset size, record dividends paid to shareholders, a year-long birthday celebration – in a word, extraordinary! I know that I speak for my co-workers and the entire Board of Directors when I say we could not be more proud of our results.”
HNB Recognized for Financial Strength
Bank receives “A” Rating from Weiss
Honesdale, PA – Weiss Ratings of Jupiter FL, the nation’s leading independent provider of ratings and analysis of financial services companies, mutual funds and stocks, notified The Honesdale National Bank it received an “A” rating. This “excellent” rating was based on their analysis of the bank’s financial strength.
The notification letter to HNB President & CEO William Schweighofer, Weiss Vice President Melissa Gannon noted “This rating recognizes The Honesdale National Bank as a “Weiss Recommended” bank offering outstanding financial stability for its customers, vendors and employees. Achieving this financial strength rating is a true distinction.”
Every quarter, Weiss Ratings evaluates the financial strength of more than 19,000 institutions, including life, health and annuity insurers, property and casualty insurers, banks, savings and loans and credit unions. Fewer than two percent of the nation’s banks and thrifts meet Weiss Ratings’ criteria for exceptional financial strength, making this distinction truly one to be proud.
Weiss Ratings’ proprietary model utilizes more rigorous standards than other rating agencies, placing greater emphasis on a company’s future financial solvency and its ability to withstand severe economic adversity. For this reason, a bank like HNB, receiving their highest financial strength rating, truly demonstrates itself to be among the industry’s elite.
Upon receiving the notification, Schweighofer noted, “we appreciate Weiss Ratings’ recognition of our financial strength and consider it an honor to be listed among the nations top 2% in that category. 2012 was another exceptional year for us – especially in this economic climate – and we owe a debt of gratitude to our customers, shareholders and employees.”
HNB’S FINANCIAL PERFORMANCE RECOGNIZED
Honesdale, PA – The Honesdale National Bank has again been ranked in the top 15th Percentile of all Community Banks by Seifried & Brew LLC, a community bank risk management firm. The Honesdale based institution was recently awarded the highest ratings by two other independent groups. Both bankrate.com© and Bauer Financial have posted 5 Star Ratings for HNB covering the quarters ending September 30th and December 31st in 2012.
BauerFinancial and bankrate.com© report on and analyze the performance of U.S. banks and credit unions. Each quarter their independent “Star” ratings are developed by analyzing the raw data from the Call Reports supplied by all banks to government regulators, supplemented with historical and other data.
HNB is the only regionally headquartered bank attaining these ratings from these agencies for the last two quarters in 2012. The bank has demonstrated exemplary financial performance, which may be even more remarkable considering these results were accomplished in a sluggish economy while dealing with increased regulatory burdens and costs.
Since its establishment in 1836, The Honesdale National Bank has prospered, paying a dividend each and every year, and along with these financial accolades holds the distinction of being the area’s oldest independent community bank headquartered in Northeastern PA, with offices in Wayne, Pike, Susquehanna, Lackawanna and Luzerne Counties.
AUDREY BRESSET AND VIRGINIA CONNOR RECOGNIZED FOR 40 YEARS IN BANKING
Honesdale, PA – Audrey Bresset and Virginia Connor were recognized for serving 40 or more years in the banking industry at the Pennsylvania Bankers Association (PBA) Group 3 meeting held on April 24, 2013 at the Radisson at Lackawanna Station in Scranton. The 40-Year Club consists of bankers completing 40 or more years of service in Pennsylvania’s banking industry and who are regular members of the PBA.
Mrs. Bresset began in the HNB bookkeeping department and moved to the Route 6 Plaza Office as a Customer Service representative when it opened in 1975. She subsequently returned to HNB’s Bookkeeping Department before assuming her duties in the Loan Operations Department.
Mrs. Connor began her banking career in Carbondale and has worked in the bookkeeping, loans, accounting, investment and items processing departments. She joined HNB in 2007, was promoted to Branch Manager of their Forest City Office in 2008 before assuming the responsibility as the bank’s Assistant Deposit Operations Officer in 2012.
Audrey and Virginia join HNB’s prior 40-Year Club honorees, Board Chairman John Burlein, co-workers Lisa Bonham, Helen Piorkowski and James Jennings and recent retirees Shirley Bonham and Diane Spry.
Honesdale National’s President & CEO William Schweighofer commented, “These ladies have witnessed quite a transformation in the industry over their 40 years. We’re very fortunate and thankful for Audrey and Virginia’s service and dedication to our bank. Their attention to detail and genuine concern for the customer has helped us build and enhance the role HNB plays in the communities we serve.”
The Pennsylvania Bankers Association (PBA), located in Harrisburg, is the state’s major banking trade association representing an expansive and diverse membership. The Association offers extensive continuing education programs, government relations representation on behalf of the industry, and provides numerous support services for banks and their employees.
April 19, 2013
HONAT BANCORP, INC. REPORTS FIRST QUARTER FINANCIAL PERFORMANCE
Honesdale, PA – HONAT Bancorp Inc., the parent of The Honesdale National Bank, reported first quarter earnings for 2013 of $1.767 Million based on their assets of $571,321,000 on March 31, 2013. During the past year, HNB saw loan growth of $18.6 Million, with $400,084,000 in net loans reported at the end of the quarter.
During the first quarter of 2013, the Board of Directors voted to seek shareholder approval to increase the number of authorized shares and to effect a six-for-one stock split. This will be brought before the shareholders at the annual meeting on April 23, 2013.
The Honesdale National Bank is the oldest independent community bank headquartered in Northeastern PA with nine full service offices in Wayne, Pike, Lackawanna, Susquehanna and Luzerne Counties, a Trust and Investment Division headquartered in Honesdale and the HNB Mortgage Center in Wilkes-Barre.
March 25, 2013
HNB MORTGAGE RECOGNIZED BY PHFA
Honesdale, PA. – Representatives of HNB Mortgage, a division of The Honesdale National Bank, were recently recognized for their outstanding performance in generating Pennsylvania Housing Finance Agency Mortgages in 2012. They were feted at the 8th Annual PHFA Lender Awards luncheon held on Monday, March 18, 2013 at the PHFA Offices in Harrisburg.
HNB Mortgage Specialists Allison Messina and Susan Mendygral were named “Top Loan Originators” and HNB Mortgage was recognized as a “Top PHFA Lender” and for the “Best Quality Underwriting” and “Best Quality Post-Closing Submissions” for the year.
Allison Messina primarily works through HNB’s Montdale Office and originates residential mortgages in Lackawanna, Wyoming and Susquehanna counties. Susan Mendygral’s office is in HNB’s Kingston Branch and she primarily serves Luzerne County. Receiving the awards on behalf of HNB Mortgage, which is headquartered in Wilkes-Barre, were Richard Simmers, Assistant Vice President & Residential Mortgage Manager, Donna Rinehimer, Mortgage Underwriting Manager and Ann Marie Grado, Loan Closing Coordinator.
HNB President & CEO William Schweighofer commented that, “HNB Mortgage was a significant contributor to our bank’s exceptional performance in 2012. We appreciate the PHFA’s recognition of these individuals and our mortgage division as a whole and are especially grateful for the dedication and invaluable contribution of those serving the residential mortgage needs of the region.”
Pictured are (l to r): Susan Mendygral, HNB Mortgage Specialist; Ann Marie Grado, Loan Closing Coordinator; Richard Simmers, AVP & Residential Mortgage Manager and Donna Rinehimer, Mortgage Underwriting Manager.
March 13, 2013
HNB Donates $24,000 to the Wayne County Public Library
Funds Designated for Academic Success Programs
Honesdale, PA – The Honesdale National Bank was once again authorized to make approved contributions under the Commonwealth’s Educational Improvement Tax Credit (EITC) Program. HNB designated $24,000 of the approved allotment for the Wayne County Public Library in support of their “Online Resources for Academic Success” programs. HNB and Wayne County Library representatives visited the Wayne Highlands Middle School to meet with the school administrators, teachers and students utilizing the “Live Homework Help” and SAT Test Preparation programs.
The Wayne County Public Library develops and implements educational programs, that when authorized by the Commonwealth, qualifies them as an approved provider. According to Wayne Library Alliance Director, Molly Rodgers, “this funding from Honesdale National provides significant financial support for four of our initiatives under the Academic Success Program. In these times of decreased support from many of our funding sources, HNB’s support allows us to continue our Online Homework Help, Learning Express, Teen Tech Awareness and Information Evaluation programs – providing resources to thousands of students throughout the county.”
Mary Fritz, Outreach Coordinator said; “Working with the teachers and students in our schools is especially rewarding when we can supplement their current curriculum with programs designed to enhance the learning process. If not for HNB’s support at this level, many of these and other programs would disappear. We can’t thank them enough.”
HNB President & CEO William Schweighofer stated; “we are very fortunate to have qualified for approved contributions each year since we began applying in 2003. We’re grateful for our HNB customers and shareholders, their business and support allows us to make these type investments in the communities we serve. The Library’s commitment to supporting our area educators and students produces measurable results. This year’s check brings our total EITC investment in local educational programs through the Wayne Public Library to $211,000.”
In 2001, Act 4 established the Educational Improvement Tax Credit (EITC) program, administered by the PA Department of Community and Economic Development (DCED). The act authorizes businesses to make contributions to approved Educational Improvement Organizations and then awards tax credits to these businesses for their participation.
Pictured (L to R): Seated – Parker Propst, Kayla Rembish, Olivia D’Amore, Elizabeth Reed & Brandon Romano. Standing – Gregory Frigoletto, WHSD Superintendent; Susan Roberts, Wayne Highlands Middle School; William Schweighofer, HNB President & CEO; Daniel Figura; Daniel Da Silva; Alex Day; Mark Graziadio, HNB Vice President; Jayme Wilson; Kate Bryant, HNB Assistant Vice President & Library Board Chair; Mary Fritz, Library Outreach Coordinator; Maralyn Nalesnik, WHMS Administration; Timothy Morgan, WHSD Assistant Superintendent and Nancy Kinsman, Wayne Highlands Middle School.
March 15, 2013
Honat Bancorp, Inc. Announces Plans for a Six-for-One Stock Split
Honesdale, PA – Honat Bancorp, Inc. announced today that its Board of Directors plans to present an amendment to the corporation’s articles of incorporation to its shareholders at the 2013 Annual Meeting of Shareholders in order to effect a six-for-one stock split following the annual meeting.
The proposed amendment to the articles of incorporation to be presented includes increasing the authorized number of shares of common stock from 500,000 to 5,000,000 and decreasing the par value of the common stock from $1.25 to $0.20. The 2013 Annual Meeting of Shareholders will be held on Tuesday, April 23, 2013 at 2:00 PM at the Corporate Center of The Honesdale National Bank, 724 Main Street, Honesdale, Pennsylvania. If shareholders approve and adopt the amendments to the articles of incorporation, the corporation will subsequently announce the record date and payment date of the six-for-one stock split following the annual meeting. “We believe that the stock split will make the common stock more affordable to people in the communities in which we do business as well as enhance marketability of our shares,” said William Schweighofer, President and Chief Executive Officer.
Honat Bancorp, Inc. is the parent bank holding company of The Honesdale National Bank. HNB is the oldest independent community bank headquartered in Northeastern PA with nine full service offices in Wayne, Pike, Lackawanna, Susquehanna and Luzerne Counties, a Trust and Investment Division based in Honesdale and the HNB Mortgage Center in Wilkes-Barre. The corporate offices of Honat Bancorp, Inc. and The Honesdale National Bank are located at 724 Main Street, Honesdale, PA.
February 15, 2013
HNB PAYS INCREASED QUARTERLY DIVIDEND
177th Consecutive Annual Payment to Shareholders
Honesdale, PA – The Board of Directors of HONAT Bancorp, Inc., whose wholly owned subsidiary is The Honesdale National Bank, paid a regular quarterly dividend of $ 1.50 per share on February 28, 2013 to shareholders of record as of February 15, 2013. This continues a tradition of the bank having paid a dividend every year since 1837. Honesdale National was chartered in 1836, opening for business on December 26th of that year and having paid its first dividend the following year.
The $1.50 payment per share represents a 20% increase over the dividend paid in February 2012 and is a direct result of the bank’s continued strength, stability and exceptional financial performance. HNB closed out 2012 exceeding all prior financial benchmarks for assets, loans, deposits, earnings and dividends paid to shareholders. 2013 Net Earnings topped $7.8 Million, resulting in a Return on Average Assets (ROAA) of 1.37%. As of December 31, 2012, the bank’s Total Assets stood at $581 Million – up 3.5% from 20121 – with $394 Million in Loans and $489 Million in Deposits. Shareholders benefitted from a record dividend payout of $7.00 per share.
November 14, 2012
HNB OPENS NEW LAKEWOOD BRANCH
LAKEWOOD, PA – The Honesdale National Bank’s Board of Directors, Officers and Lakewood Office staff were joined by local civic, business and community representatives and other dignitaries on Wednesday, November 14th for the Ribbon Cutting and dedication of their new Branch at 18 Como Road. Commenting on the new office, HNB President and CEO William Schweighofer said, “We are very excited about this opportunity and look forward to expanding our footprint into Northern Wayne County. More important than the facility, however, is the quality staff who have joined the HNB family. We’re especially happy to welcome three local experienced bankers, who know the people and are dedicated to serving their financial needs.”
This is HNB’s 9th HNB full service branch and the bank began opening accounts for customers as soon as the approval was received from the Office of the Comptroller of Currency and plans are in place to install a Drive-Up ATM within the next few weeks.
The Honesdale National Bank, established in 1836, holds the distinction of being the area’s oldest independent community bank headquartered in Northeastern PA, with offices in Wayne, Pike, Susquehanna, Lackawanna and Luzerne Counties.
Pictured are: (L to R): Bruce Mackle, Senator Lisa Baker’s Field Representative; Mark Graziadio, HNB Vice President; Donna Labar, Executive Director, Wayne County Chamber of Commerce; Brian Field, Wayne County Treasurer; Mary Ann Llewellyn, Preston Township Secretary; Elizabeth Hazen, HNB 733 Main Street Head Teller; Raymond Ceccotti, HNB Senior Vice President; Kathy Enslin, HNB Vice President; Thomas Sheridan, HNB Executive Vice President; William Schweighofer, HNB President & CEO; Tanya Leet, Rick Leet Insurance; Roger Dirlam, HNB Board Vice Chairman; Gayle Milko, HNB Lakewood Branch Supervisor; Rick Leet, Rick Leet Insurance; John Burlein, HNB Board Chairman; Kurt Probst, HNB Board of Directors; Paul Meagher, HNB Board of Directors; Theresa Halliday, HNB Customer Service Representative; Lori Wade, HNB Lakewood Branch Teller; Marcy Swingle, HNB Senior Vice President; Charles Jurgensen, HNB Board of Directors; Jodi Evanitsky, HNB Lakewood Branch Teller and Francis Paluch, Lake Como Lions Club.