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Financial Information
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News Releases
HNB Fulfills 5 Year Pledge to Honesdale EMS
Honesdale, PA – The Honesdale National Bank pledged to support the Honesdale EMS Capital Campaign with a commitment of $5,000 each year for five years. Recognizing the organization’s immediate need for funding – HNB paid the entire five year pledged amount in 2011.
At the check presentation, HNB President & CEO William Schweighofer noted, “we truly appreciate the dedication, professionalism and service Honesdale EMS provides to our area and consider it an honor to be listed among the major supporters of this fine organization. In addition to these emergency service personnel, we owe a debt of gratitude to our customers, shareholders and employees who provide us the opportunities to support such vital organizations as Honesdale EMS.”
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):
Members of HNB’s Board of Directors Kurt Propst, Roger Dirlam (Vice Chairman) and Paul Meagher; Sharon Gumpper, Honesdale EMS Executive Director; William Schweighofer, HNB President & CEO and John Burlein, HNB Board Chairman.
HNB Recognized for Financial Strength – 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.
In the notification letter to HNB President & CEO William Schweighofer, Weiss Vice President Melissa Gannon noted “This rating recognizes The Honesdale National Bank as an outstanding bank offering excellent financial stability for its customers, vendors and employees. Please know that 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.”
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.
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. 2011 was an exceptional year for us – especially in this economic climate – and we owe a debt of gratitude to our customers, shareholders and employees.”
The Honesdale National Bank, established in 1836, recently completed celebration of their 175th Anniversary. Since its establishment, The Honesdale National Bank has prospered, paying a dividend each and every year, and 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.
HNB Distributes “Wish Comes True” Funds to Forest City Nursing & Rehab Center
Forest City, PA – Virginia Connor, Branch Manager and Ray Ceccotti, Senior Vice President with The Honesdale National Bank, made a visit to Forest City Nursing & Rehab Center to present their annual “Wish Comes True” check. The proceeds are one of the benefits derived from a $400,000 investment that HNB made with the Senior Housing Crime Prevention Foundation. The program provides ongoing benefits to residents of Forest City Nursing & Rehab Center. This year’s funding requested for a special activity for the residents.
With this program, the bank made a five year investment with the foundation. The bank earns interest on the bond, with a portion going to the Foundation to support their Senior Crimestoppers Program at participating facilities.
HNB and the Foundation provide lock boxes for each resident in their room to protect their valuables, medication and other personal items; a 24-hour toll free tip line to report inappropriate behavior or suspicions of abuse; an annually updated “Time of Your Life” video and the “Wish Comes True” funding.
SANDRA HALAS JOINS HNB
Honesdale, PA. -William Schweighofer, President and CEO of The Honesdale National Bank announced that Sandra Halas has joined the bank as a Vice President and Trust Officer.
In making the announcement, Schweighofer stated, “We are extremely pleased to have Sandy join our HNB family. Building, maintaining and preserving wealth are essential elements in both personal and business financial plans. It is extremely important that we have a professional with her experience and dedication to deliver the personal attention and Hometown service our bank is noted for.”
As a Trust Officer, Ms. Halas is specifically charged with all duties associated with the operation and development of the bank’s trust and investment management clients. She will work with clients and their professional advisors to optimize their financial, estate and tax plans. Her office is in the HNB Corporate Center at 724 Main Street in Honesdale and he can be contacted at 253-3355, 800-HNB-9515 or via Email at shalas@hnbbank.com.
Sandy is a cum laude graduate of Indiana University of PA, with a degree in Finance and a graduate of Cannon Financial School of Trust Investments. She is a volunteer at the Dorflinger-Suydam Wildlife Sanctuary, the Wildflower Music Festival & Glass Museum/Gift Shop and enjoys music and cooking. She lives in Greentown and is the proud parent of two children, Nicholas and Stephanie.
The Honesdale National Bank is the area’s oldest independent community bank serving Northeastern PA with seven Branch Offices in Wayne, Pike, Susquehanna, Lackawanna and the HNB Mortgage Center headquartered in Luzerne County.
LISA DOWSE PROMOTED AT HNB
Honesdale, PA– William C. Schweighofer, President and CEO of The Honesdale National Bank recently announced that Lisa Dowse was promoted to Assistant Vice President.
Following the announcement, Schweighofer commented that, “Lisa joined Honesdale National in March, 2001 and has served the bank well in a variety of capacities. Initially she was the Branch Manager at our 733 Main Street Office and earned the added responsibility of Loan Officer. She then served as the Branch Manager and Loan Officer at our Route 6 Plaza Offices in Honesdale and assisted the Retail Banking Manager in the development, installation and training of our integrated retail lending program. She presently serves as the Manager and Loan Officer of our Hamlin Office. Lisa has over 18 years of banking experience, local knowledge, experience with the market and a dedication to customer service that has served our bank well.
Mrs. Dowse is a graduate of Western Wayne High School and the Pennsylvania Bankers Association’s School of Banking held at Penn State University and has completed a variety of banking related courses, programs and seminars. She has also conducted training sessions for HNB on banking and compliance related topics.
She is an active member of the Southern Wayne Chamber of Commerce Board of Directors and can be found at many of the parades and community activities in which the bank is involved.
Lisa is a lifelong area resident. She and her husband John Dowse, Jr. live in Lake Township with their daughter Marissa.
VENDOR ERROR AFFECTS HNB CARDHOLDERS
Honesdale, PA – In the process of the conversion to a new Debit and ATM Card processor, the former vendor for The Honesdale National Bank de-converted HNB’s information from all of the electronic terminal networks on Sunday, so that HNB Debit & ATM cards did not work at ATMs or retail locations. Once the bank became aware of the situation, HNB officials began the process of getting the new processor online with all the necessary information and as of Monday morning, successful tests were made at numerous retail locations and non-HNB owned ATMs. According to William Schweighofer, HNB’s President & CEO, “We were very disappointed with the actions taken by our former card processor and have made them aware of the impact they had on our customers inability to access cash, shop and transact business on Sunday, November 6th and early on Monday the 7th using their HNB Debit or ATM Cards. This also affected a number of local businesses – the lifeblood of our regional economy. I want to reassure our customers and the businesses that process these transactions; this was not due to any unauthorized access to information. We are monitoring the card use activity and believe that all networks – other than those hosting our ATMs – are fully operational and expect that access to the entire ATM network will be restored shortly.”
Retailers utilize two different networks to process retail purchase transactions. The merchant may ask you to choose either “credit” or “debit” – either way when customers use an HNB Visa® Debit Card to make a purchase, the money is deducted right from their checking account. By choosing the debit function you must enter your PIN (Personal Identification Number). When choosing the credit function, the funds still come out of your checking account, but you avoid having anyone see you enter your PIN. Whenever a PIN transaction cannot be completed, it is recommended to process the transaction using the credit function requiring a signature.
Information and updates regarding the conversion are being posted on the bank’s Website – www.hnbbank.com.
JOHN CONTE III PROMOTED AT HNB
Honesdale, PA – William Schweighofer, President and CEO of The Honesdale National Bank announced that John Conte III was promoted to Loan Officer.
In making the announcement, Schweighofer stated, “I am very pleased to announce John’s promotion. He is well known and respected by those in the community; qualities we feel are extremely important in those staffing our offices and serving our customers, He is a valuable member of our HNB family.”
Conte began his banking career at Honesdale National in 2008 as a Management Trainee and was promoted to Loan Specialist in 2010. His Loan Officer responsibilities primarily involve personal and small business lending. He is headquartered in HNB’s 733 Main Street Office in Honesdale.
Mr. Conte is a graduate of Valley View High School and holds a Bachelor of Science Degree in Business from Penn State University. Since joining HNB, John has also successfully completed the Central Atlantic School of Banking and Advanced School of Banking. Both are conducted by the Pennsylvania Bankers Association and held at Penn State University. Conte has also completed other financial courses hosted by the PBA.
John is an Eagle Scout who enjoys competitive bodybuilding, hunting, fishing and golf. He is a member of HNB’s 175th Anniversary Committee and sits on the bank’s Wellness Committee, promoting physical fitness. He is a willing volunteer for the bank at community events and functions.
Mr. Conte lives in Sturges. He is the son of John D. Conte Jr. and Janet Rooney and has two sisters, Jillian and Jenna Conte.
Jeffrey Hiller to Receive the Chapel of the Four Chaplains Legion of Honor Award
Jessup, PA – Jeffrey Hiller of Honesdale will be awarded the prestigious Legion of Honor Award at the 14th Annual Chapel of the Four Chaplains Awards reception on Thursday, November 10th at Genetti Manor in Dickson City, beginning at 6:00 PM.
The Legion of Honor Award is a level of recognition bestowed by the Chapel given in recognition of a commitment to selfless service and societal advancement that has demonstrably affected the quality of life in the community, state or nation, service without regard to faith or race. The selection process for this award is rigorous. It is in keeping with the spirit of the sacrifice of the four chaplains on the USS Dorchester in World War II, who gave up their life jackets so that four others might be saved.
Mr. Hiller is passionate about his service to the community. He presently serves as the President of the Greater Honesdale Partnership, having joined that organization in 2007 when he and his wife purchased the Trackside Restaurant. He first became involved in the GHP’s special events and spearheaded a launching a new one – the popular Mardi Gras on Main. He has stated “my love for this great town in which we live is an inspiration to give back top the community that gives so much to us.”
In addition to the Greater Honesdale Partnership, Jeffrey is active in the First Presbyterian Church in Honesdale, the Honesdale Lodge #218 Free and Accepted Masons and the Wayne County Chamber of Commerce.
He has shared his passion and talent of photography with local organizations, donating pictures for them to use at fundraisers. His photos have been featured in local galleries, the White Mills Firehouse and the Wayne County Historical Society.
Hiller has been recognized as the Wayne County Chamber of Commerce Business Person of the Year, Honesdale Area Jaycees Boss of the Year and credits much of his success to “being married to the hardest working wife anyone could ask for and a staff who put their heart and soul into their work.”
The second son of Gerald and Kay Hiller, Jeff was born and raised on a farm in Cold Springs and attributes the development of his values and work ethic to parental guidance and involvement in 4-H. He and his wife Sue reside in Honesdale and are the parents of two sons, Kyle and Kristofer.
Tickets must be purchased in advance for this dinner. To make reservations or obtain more information on the dinner or the Chapel of the Four Chaplains, please contact Raymond Ceccotti of The Honesdale National Bank at 253-3355.
HNB Launches Sewer Upgrade Loan Program
Honesdale, PA – As a property owner in Forest City, The Honesdale National Bank was informed that they and neighboring property owners may be required to replace or upgrade their lateral/sewer connections in the Borough. Recognizing that should the lateral need to be replaced some property owners may not have the resources to pay for this upgrade, HNB is offering a special financing program for this project.
The bank will lend up to $5,000.00 at a fixed rate of 4.99% APR (Annual Percentage Rate) for up to 36 Month term. This is calculated to be a monthly payment of $29.97 for every $1,000 borrowed. No fees will be assessed for the application or closing of this loan and payments are to be made by Automatic Funds Transfer (AFT) or Automatic Clearing House (ACH), without any prepayment penalty.
Interested individuals should provide and estimate of the repair costs, a copy of their current sewer bill and proof of income (paystubs or tax returns) to Virginia Connor, Mary Ann Risboskin or Christopher Cook at HNB’s 619 Main Street Office in Forest City at application. They are available to answer questions or provide more information by phone at 785-Cash.
HNB Launches Sewer Upgrade Loan Program
Honesdale, PA – As a property owner in Scott Township, The Honesdale National Bank was informed that they and neighboring property owners may be required to connect to the new Scott Township Sewer & Water Authority lines. Recognizing that some property owners may not have the resources to pay for this upgrade, HNB is offering a special financing program for this project.
The bank will lend up to $10,000.00 at a fixed rate of 4.99% APR (Annual Percentage Rate) for up to 48 months. This is calculated to be a monthly payment of $23.02 for every $1,000 borrowed. No fees will be assessed for the application or closing of this loan and payments are to be made by Automatic Funds Transfer (AFT) or Automatic Clearing House (ACH), without any prepayment penalty.
Interested individuals should provide and estimate of the repair costs, a copy of the estimated costs and fees from a licensed contractor and proof of income (paystubs or tax returns) to Paulette Straka, Branch Manager of HNB’s Montdale Office located at 13 Chapman Lake Road. She is also available to provide more information or answer questions by phone at 254-Cash.
The Honesdale National Bank, established in 1836, is celebrating its 175th Anniversary and 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.
HNB Sponsors “STUFF THE TRUCK”
Honesdale, PA – To assist flood victims in the Wyoming Valley, The Honesdale National Bank is coordinating a “STUFF THE TRUCK” with cleaning supplies effort to help those ravaged by the floods in the Susquehanna River Valley.
According to bank president Bill Schweighofer, “We know there are a number of people who would like to help those affected by these floods. On Friday, September 16th, from 8 a.m. to 6 p.m., a truck donated by our Board Vice Chairman Roger Dirlam will be parked at our Route 6 Plaza Office in Honesdale and we will be accepting cleaning supplies from our employees and the community. We encourage anyone who can, to help us “STUFF THE TRUCK” If you don’t have time to shop, or aren’t sure what to get, monetary donations for the Red Cross will also be accepted.”
Brian Wilken, HNB’s Business Development Specialist, along with other a number of other HNB employees will be at the truck all day to accept the donations and pack the truck. Once filled, the cleaning supplies and donations will be delivered to the Wyoming Valley Chapter of the American Red Cross.
HNB employees were encouraged to bring in cleaning supplies to assist with this project. According to the Red Cross, any and all types of cleaning supplies are needed – buckets, sponges, bleach, liquid cleaners, mops, brooms, gloves, rakes, shovels, garbage bags and other cleaning products or supplies.
Schweighofer noted that, “HNB employees and our community have always been extremely generous with their donations of time, materials and money to assist those in need. This time the need in our area is great and your generosity is greatly appreciated.”
For more information, visit HNB’s website at www.hnbbank.com or call them at 800-HNB-9515.
The truck stuffed with supplies that was delivered to the Red Cross.
HNB OFFERS AREA MUNICIPALITIES LOW INTEREST STORM ASSISTANCE FINANCING
Honesdale, PA – The Honesdale National Bank is offering assistance to local Municipalities for recovery from the damage caused throughout the region by hurricane Irene.
The bank has extended the offer 1% Tax Anticipation Loans until 12/31/11 or favorable rates and terms for needs beyond 12/31/11 to Municipalities who incurred damage from last weekend’s storm.
In a letter sent to area Townships and Boroughs from bank President William Schweighofer states, “We appreciate the job that you consistently do to insure the safety of your residents and their property. We also applaud your diligent work in maintaining the roads and bridges we travel. In times like these, our communities come together to face adversity, so should the need arise, please be aware that we stand ready to assist you.”
The Municipalities are encouraged to visit any of the eight HNB Offices located in Wayne, Pike, Lackawanna, Susquehanna and Luzerne Counties or call 800-HNB-9515 for details on processing their request.
Honesdale, PA - In August, HNB employees participated in the United Way’s annual Sharing and Caring Healthy Food Drive. They collected canned vegetables, soups, stews, and other non-perishable items to be distributed to those in need at local food pantries. Pictured are HNB employees Maggie Klim and Brian Wilken loading the HNB Corporate Center donations into the truck to be delivered to Honesdale’s Food Pantry.
Pictured above are HNB Greeter Maggie Klim and HNB Business Development Specialist Brian Wilken
Mary Ann Risboskin Promoted at HNB
Honesdale, PA – William Schweighofer, President of The Honesdale National Bank announced that Mary Ann Risboskin was promoted to Loan Officer.
In making the announcement, Schweighofer stated, “I am very pleased to announce Mary Ann’spromotion. She is a valuable member of our HNB family. As a lifelong area resident, she is well known and respected by the community, qualities we feel are extremely important in those staffing our offices and serving our customers.”
Mary Ann began her banking career at HNB in 1998 as a Customer Service Representative & Loan Clerk and was promoted to Loan Specialist in 2007. Her Loan Officer responsibilities primarily involve personal and small business lending in the Forest City Office.
Mrs. Risboskin is a graduate of Graduate of Forest City Regional High School and has completed a variety of banking and finance related courses, programs and seminars including the H & R Block Tax Course and those conducted by the American Institute of Banking (AIB) and the Pennsylvania Bankers Association (PBA).
Mary Ann has served on the Vandling Borough Council and as Treasurer of the Forest City Kennedy Park Board. She is an Ascension Parish volunteer and participates in activities and events for her church and local civic organizations.
Mary Ann and her husband Thomas reside in Vandling and are the parents of their daughter Brenda and son Brad, who lives in Easton with his wife Erica. She enjoys reading, walking and travel with her husband.
Miller Promoted at HNB
Honesdale, PA- William Schweighofer, President and CEO of The Honesdale National Bank has announced that Linda Miller has been promoted to Collection Officer.
In making the announcement, Schweighofer stated, “Linda has been a valuable asset and we are extremely pleased to have her as a member of our HNB family. This is a challenging position, balancing our client relationships with the protection and best interests of the bank and our shareholders. It is imperative we have a professional with the knowledge, experience and attention to detail that Linda brings to the job.”
Linda began her banking career at HNB in 1992 and was promoted to Collection Manager in August, 2001. Her responsibilities include the operation of the Loan Collections Department and assists with the acquisition, maintenance and liquidation of Real Estate, vehicles, equipment or other assets owned by the Bank. She also monitors the servicing of special program loans, like those for the Federal National Mortgage Association (FNMA) and other government and non-governmental agencies and organizations.
Mrs. Miller is a graduate of Honesdale High School and has successfully completed educational programs at Penn State University, the University of NY and Rockhurst University in addition to specialized training from Fannie Mae’s Housing Finance Institute and GE Capital Mortgage.
Supporting HNB’s commitment to local community organizations, Linda has volunteered her time for Wayne County Habitat for Humanity, the United Way of Lackawanna and Wayne Counties and the Children’s Christmas Bureau.
Linda and her husband Richard reside near Honesdale and her hobbies include travel and interior design. She is the mother of James DeFazio of Lake Ariel.
Honesdale, PA - William Schweighofer, President and CEO of The Honesdale National Bank has announced that Marcele Swingle was promoted to Senior Vice President, Human Resources. Schweighofer stated, “On behalf of our Board of Directors, I am pleased to announce Marcy’s promotion to Senior Vice President. She has been a valued member of our staff and an integral part of our Executive Management Team.”
Mrs. Swingle has over 27 years of banking experience. She joined HNB in 2001 and was promoted to Vice President in 2002. As the Director of Human Resources, she is responsible for developing, maintaining and managing the bank’s human resources and employee benefit programs and administering personnel programs that contribute to the effective and profitable operation of the bank. She oversees Honesdale National’s wage and salary administration, benefit administration, workers compensation, Affirmative Action and staff recruitment and coordinates the bank’s training programs.
Marcy is a graduate of Western Wayne High School and holds an Associate Degree in a Business Administration from Penn State University. She is a graduate of the Leadership Wayne Class of 2003 and has attended numerous Human Resource seminars and webinars.
In addition to her banking responsibilities, Mrs. Swingle serves on the workforce subcommittee of the Wayne County Oil and Gas Task Force and is a member of the Funds Distribution committee for the United Way of Lackawanna and Wayne Counties.
Marcy and her husband Duane reside in Lake Ariel, along with their daughter, Jillian.