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Financial Information

We’re proud of our service to the community and our community bank status. If you would like in-depth financial information on The Honesdale National Bank, including balance sheet, income statement, performance and condition ratios, or demographic information, click here to access the FDIC’s Institutional Directory database. Then close the browser window to return.

News Releases

August 2014
RICHARD C. SIMMERS PROMOTED TO VICE PRESIDENT AT HNBRichard Simmers

HONESDALE, PA – Thomas E. Sheridan, President and CEO of The Honesdale National Bank announced that Richard C. Simmers has been promoted to Vice President, Residential Mortgage Manager. His responsibilities include management of the operations – the processing, underwriting, closing and servicing of residential mortgages at the bank’s HNB Mortgage Center on North Franklin Street in Wilkes-Barre.

In making the announcement, Sheridan stated, “We are extremely pleased to have Rich as an integral part of our HNB family. With the expansion of our Residential Mortgage offerings, it is important to have someone focused solely on the operations area of that process. In addition to the wealth of experience he has brought to the position, he shares our dedication in delivering the personal, Hometown Service our bank is noted for.”

A 1977 graduate of Wilkes College, with a BA Degree in Social Science, Simmers joined HNB in July of 2007 and has worked exclusively with HNB Mortgage, headquartered in Wilkes-Barre.

Rich is a Past President of the Mortgage Bankers Association of NE PA and currently serves on their Board of Directors and on the Board of Governors of the PA Mortgage Bankers Association.  Mr. Simmers resides in Mount Cobb with his wife Lynn. He has two sons, Christopher and Patrick and two grandchildren Alyssa and Andrew.

Founded in 1836, The Honesdale National Bank is the oldest locally owned community bank headquartered in Northeastern PA, serving the region with offices in Wayne, Pike, Lackawanna, Susquehanna and Luzerne Counties.

July 2014
BRIAN BURD EARNS PROMOTION AT HNB
Brian Burd

HONESDALE, PA – Thomas E. Sheridan, President and CEO of The Honesdale National Bank announced Brian E. Burd has been promoted to Assistant Vice President and Loan Operations Supervisor. Prior to this promotion, Brian served as a Branch Manager and Loan Officer for HNB since joining the bank in 2007.

In making the announcement, Sheridan stated, “We are extremely pleased to retain 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. His leadership and attention to detail will enhance and compliment the efficiency and operation of our loan processing department. He recognizes the important role our bank plays in the 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.”

As the Loan Operations Supervisor, Mr. Burd is specifically charged with the management of the loan processing function.  In commenting on his new position Burd noted that “While I will not have the daily face-to-face contact with our clients and friends, I am excited to help be part of establishing systems, processes, and procedures for their benefit.  Working with a great group of people here at The Honesdale National Bank, I am confident we will find new and innovative ways to exceed customer expectations and continue to be a great asset to the communities we serve.”

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.  In his spare time, Brian enjoys reading, hiking, and studying history and science.

Brian’s office is in HNB’s Corporate Center at 724 Main Street, Honesdale. He can be reached by calling 800-HNB-9515 or sending an email to bburd@hnbbank.com.

June 2014
CHRISTOPHER MURACCO JOINS HNBChris Muracco

HONESDALE, PA – Thomas E. Sheridan Jr., President and CEO of The Honesdale National Bank, announced that Christopher Muracco has joined HNB as a Banker Secrecy Act Officer and Accounting Assistant.

In making the announcement, Sheridan stated, “We are extremely pleased to welcome Chris to the HNB family. His experience and education will complement our continuous efforts to monitor transactions as dictated by the Back Secrecy Act. He will also interact with our branch and deposit operations departments, auditors and regulators to assure compliance with the regulation. Chris will work closely with HNB’s Controller in processing receivables and payables and the preparation of accounting and other financial reports. He appreciates the important role our bank plays in the local economies and is committed to assisting us in building and enhancing those relationships.”

Mr. Muracco received a Master of Business Administration degree from Marywood University, a Bachelor of Science in Business Administration from Penn State University and he is a graduate of the Virginia Bankers Association’s School of Bank Management held at the University of Virginia.

After graduating from college, Chris worked as a Commercial Loan Clerk, Auditor and Interim BSA Officer for a bank in Lackawanna County. In 2010 he moved to Virginia where he was a Senior Accountant and Risk Management Project Consultant for banks in McLean Va. His office is in the HNB Corporate Center at 724 Main Street, Honesdale.

When not busy working, Chris enjoys traveling and playing golf or softball.

May 2014
BUNNY BUCKS BENEFIT CANCER SOCIETY

Each year The Honesdale National Bank sells Bunny Bucks (a $1 bill with a removable bunny sticker over George Washington’s face accompanied by a card and envelope) with the proceeds benefiting the American Cancer Society.  This year 396 Bunny Bucks were sold in HNB’s 10 branches, raising $594.00.  Pictured from left to right are 733 Main Street employees Liz Hazen, Terri Halliday, and Christina Smith.

May 2014
3 SCHOLARSHIPS AWARDED: ALBERT O. MILLER, DOROTHY TOZER MILLER, AND SAVONA COMMANDERY #89

SAVONA COMMANDERY #89 & The Honesdale National Bank, as Trustees of the ALBERT O. MILLER, DOROTHY TOZER MILLER, AND SAVONA COMMANDERY #89 SCHOLARSHIP FUND have announced this year’s scholarship recipients. In 2014, the Scholarship Committee awarded three $1,000.00 scholarships, one of which is automatically renewable for up to five years.

Rachel Fritz of Honesdale received the Renewable Scholarship. She anticipates attending Lycoming College, majoring in Biology and Chemistry. Haylee Goodenough of Honesdale and Mikayla Maher of Lake Ariel, were awarded the Non-Renewable Scholarships. Ms. Goodenough will be a Music Therapy major at Slippery Rock University and Ms. Maher will major in Accounting at Bloomsburg University.

Presentation of the scholarship awards was made at the HNB Corporate Center, in Honesdale.

The ALBERT O. MILLER, DOROTHY TOZER MILLER, AND SAVONA COMMANDERY #89 Scholarship Fund was established by the Last Will and Testament of Dorothy Tozer Miller. The Millers understood and advocated the primary Masonic ideals of education, worship and charity.  To that end the scholarship fund was established to promote intellectual enlightenment among the youth of Wayne County. Wayne County residency is highly considered in the award but residency outside Wayne County does not automatically disqualify an applicant. Award decisions are made by a Scholarship Committee consisting of five Knights Templar of Savona Commandery #89, Honesdale, PA.

2014 Miller Scholarship

Pictured (l to r): Charles Curtin, HNB Trust Officer; Haylee Goodenough, recipient; Rachel Fritz, recipient; Charles E. Knapp, representing the SAVONA COMMANDERY #89; Mikayla Maher, recipient; and Raymond Pilch, HNB VP & Senior Trust Officer.

May 2014
HNB RANKED AS TOP COMMUNITY BANK IN NORTHEASTERN PA
Named as one of the top 100 Community Banks in the country

HONESDALE, PA – The Honesdale National Bank was recently rated as the top Community Bank headquartered in northeastern PA and was ranked as one of the top Community Banks in the country by American Banker Magazine. When evaluating the year-end performance of all Community Banks in the country with under $2 Billion in Assets, HONAT Bancorp. Inc. – the parent of The Honesdale National Bank – was identified as number 87 of the top 200 rated institutions. The process evaluated and measured the 3-Year Return on Average Equity (ROAE) and Return on Average Assets (ROAA) ratios for the prior year for 851 banks.

HNB posted a 3-Year Return on Average Equity (ROAE) of 10.76%. The median ROAE of the top 200 banks was 10.44%, while the median for all 851 banks evaluated stood at 5.70%. Honesdale National posted a ROAA for 2014 of 1.29%, significantly higher than the 1.05% median of the top 200 and the 0.67% of all the banks rated. HNB’s 2013 income of $7.434M easily outperformed the median income of $6.263M for the top 200 and $2.312M for all banks rated in American Banker’s May 2014 edition. As of December 31, 2013, the well capitalized bank closed out its 177th year with $582,638,000 in Assets and over $77.4 Million in Equity.

HNB President & CEO Thomas Sheridan, Jr. commented that “we are extremely proud of our results and this recognition by the American Banker Magazine.  The efforts and dedication of our employees continues to enhance The Honesdale National Bank’s position as a premier bank among our peers.”

The Honesdale National Bank was 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.

April 2014
THERESA HALLIDAY PROMOTED TO BRANCH MANAGER AT HNBTheresa Halliday

HONESDALE, PA – Thomas Sheridan, Jr., President and CEO of The Honesdale National Bank announced Theresa Halliday has been promoted to Branch Manager of HNB’s 733 Main Street office in Honesdale.

In making the announcement, Sheridan stated, “We are extremely pleased to have Terri as an integral part of our HNB family. For us, it is imperative that we have someone with her experience, dedication and enthusiasm. In her new position, I am certain she will continue to provide the personal attention and Hometown service our bank is noted for. Terri recognizes the important role our bank plays in the communities we serve and is committed to building and enhancing those relationships.”

As the Branch Manager, Ms. Halliday administers the operation of the bank’s oldest and largest office. In addition to offering a variety of deposit products and services options, she will assist with providing consumer, mortgage, small business, and other loans.

Terri brings over 18 years of banking experience to the position. She joined HNB in 2008 as a Customer Service Representative. In commenting on her new position Halliday noted that “I have truly enjoyed my time here at HNB am looking forward to a truly enjoyable and interesting experience.”

Ms. Halliday is a graduate of Indian Hills High School in Oakland NJ and has furthered her education with various banking courses and seminars. She has been involved with the Relay for Life benefitting the American Cancer Society and has represented HNB at a variety of community events.

Halliday enjoys gardening, skiing, hiking, and spending time with her five grandchildren. She is the proud mother of Candice Halliday, Stephanie Halliday, Danielle Ringus, and the late Timothy Halliday.

Terri’s can be reached by visiting HNB’s 733 Main Street branch, calling 800-HNB-9515 or sending an email to her at thalliday@hnbbank.com.

April 2014
TWO PROMOTED AT HNB

HONESDALE, PA – Thomas E. Sheridan, Jr., President and CEO of The Honesdale National Bank has announced the promotion of Kate Bryant to Controller and Jennifer Jaycox to Chief Operations Officer. Both are located in the HNB Corporate Center at 724 Main Street in Honesdale.

In making the announcement, Sheridan stated, “Both Kate and Jennifer have been valuable members of our HNB family, having displayed a keen understanding of how the financial and operations areas interact with and support the relationships we have with our customers, employees, shareholders, and the communities we serve. Each 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. Their contributions to our organization, in addition to their education and experience make them extremely qualified to serve in these positions.”

In her new position as Controller, Mrs. Bryant will be responsible for administrating the bank’s accounting systems and their operation.  She will produce periodic financial reports, maintain an adequate system of accounting records and a comprehensive set of controls, prepare budgets designed to mitigate risk, enhance the accuracy of the company’s reported financial results, and ensure that the financial accounting and reported results comply with regulatory policies and procedures.

Kate 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 and Vice President in 2012.

Mrs. Bryant is a graduate of Honesdale High 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 Dickinson College 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.

As the Chief Operations Office, Jennifer Jaycox is specifically charged with management of the institution’s operations function; including Data Processing, Deposit, and Information Technology operations as well as fraud and security. She will direct the delivery of HNB’s financial products and services throughout the bank’s ever-expanding channels.

Mrs. Jaycox joined HNB in 2013 as a Vice President and Loan Operations Supervisor.  She has over 19 years of experience in the financial services industry, principally in the loan and credit card departments.  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 spending time with her family and using her creative talents to craft distinctive displays. She and her husband designed and created HNB’s spectacular Superman themed float in Honesdale’s 2013 Halloween parade.  Jennifer lives in southern Wayne County with her husband and daughter.

April 2014
ALFRED D. BECK, CPA ADDED TO HNB BOARD

HONESDALE, PA - William Schweighofer, Chairman of the Board of Honat Bancorp, Inc. has announced the appointment of Alfred D. Beck, CPA to the Board of Directors of Honat Bancorp Inc. and The Honesdale National Bank.  Honesdale National is the wholly owned subsidiary of Honat Bancorp, Inc.

Beck joins Schweighofer and the current Honat Bancorp Inc. Vice Chairman John P. Burlein, DVM and Board members Roger L. Dirlam, Charles H. Jurgensen, Paul M. Meagher and Kurt I. Propst.

In making the announcement, Schweighofer stated, “We are very fortunate to have Al join our board. In addition to being well known and respected in our community, he brings a wealth of experience, knowledge and community involvement.”

Mr. Beck is the President and Senior Partner at Beck, Gogolski, Poska, & Co., Inc. in Honesdale. Established in 1999, the firm specializes in individual and business taxation, financial statement preparation, payroll preparation services, non-profit accounting, bookkeeping services, business valuations, estate and gift taxation and business advisory services.

Al has over 32 years of experience in various aspects of both public and corporate accounting functions.  He has worked in public accounting for 19 years and prior to that was employed for 13 years in various financial management positions with Nabisco Foods Group, Inc. at both the divisional and corporate level.

Mr. Beck is a 1978 graduate of Western Wayne High School. He attended Villanova University, obtained his Bachelor of Science degree in Business Administration, majoring in Accounting, from Bloomsburg State College and a Master of Business Administration from Wilkes University.  Al has been a Certified Public Accountant, licensed in PA since 1988.

Beck is a member of the American Institute of Certified Public Accountants (AICPA), PA Institute of Certified Public Accountants (PICPA), and PA Society of Tax & Accounting Professionals (PSTAP). He is a member of the Board of Directors of 2175 Easton Holdings, Inc. (formerly The South Canaan Telephone Company) and the Greater Honesdale Partnership, serving as Treasurer.  He is past member of the Board of Trustees of Wayne Memorial Health System.

Al and his wife Robin live in the Waymart area and are the parents of three children, Matthew, Dennis and Andrea.  He is a member of St. Mary’s Church in Waymart and enjoys working on outdoor and home improvement projects. Beck is an avid sports fan enjoying college and NFL football, college basketball, baseball, and NASCAR racing – especially traveling with the local Grimm Racing Team to various tracks across the country.

March 2014
HNB CONTINUES SUPPORT OF ECONOMIC EDUCATION

HONESDALE, PA – The Honesdale National Bank renewed its commitment to supporting economic education throughout the region by once again earmarking a portion of their Educational Improvement Tax Credit (EITC) funds for Economics Pennsylvania. Through this affiliation, HNB sponsors The Honesdale National Bank Center for Economic Education at The University of Scranton and provides the Stock Market Game® to middle and high schools in the seven northeastern PA Counties. Additionally, HNB supports Economics PA’s Entrepreneurship Challenge, InvestWrite, and Business Plan Challenge programs. 

HNB also sponsors the Newspaper challenge each spring, where select teams representing various high schools compete, each using a hypothetical $100,000 portfolio. The Stock Market Game program is used in thousands of classrooms nationwide to help teach math, social studies, business, economics, and language skills while focusing on the importance of long-term savings and investment. It is available to students in grades 4 through 12. The program teaches and reinforces essential skills and concepts such as critical thinking, decision-making, cooperation and communication, independent research and economic understanding. Recent research confirms the impact of the program on economics and mathematics test scores as well as growth in financial literacy.

Pictured are (L to R): Thomas Sheridan Jr., HNB President & CEO; Bonnie Blair, Economics PA Field Representative; Edward Scahill, PHD, The University of Scranton; and Mark Graziadio, HNB Vice President.

March 2014
177 AND GOING STRONG

Opened originally in 1836 as The Honesdale Bank, it became The Honesdale National Bank in 1864 once a national currency and banking system were established.  When the FDIC was founded in 1934, HNB added deposit insurance to their already safe and sound banking practices.  The bank was founded on the principles of responsible banking – a sound business strategy that has served them well through difficult and prosperous times.  These core values are the solid foundation for the bank’s continued growth and success.  Every year since inception – even while others closed their doors or suspended operations – HNB has paid a dividend to its shareholders.

2013 proved to be another significant year for the region’s oldest locally owned community bank.  During the year the bank introduced “The U Club”, designed for young adults aged 14 to 21, launched their Mobile Website for easier browsing on smart phones and tablets, and upgraded their Telephone and Internet Banking systems. HNB unveiled SWIPE – a user friendly method to process credit and debit card transactions using a smartphone or tablet. The benefits for Club members were expanded to include the NFL and NBA, with discounted New York Jets and Philadelphia 76ers tickets. The branch network grew to ten, with the December opening of their Eynon office and the bank reintroduced Gift & Reloadable and Travel Cards.

During the year HNB continued its commitment to financial education.  Their staff’s annual participation in the American Bankers Association’s “Teach Children to Save” program reached over 600 elementary school children throughout the 5 counties served, in addition to the hundreds of children who visit the bank annually on school tours.  HNB’s investment in Economics Pennsylvania has provided the stock market game, the Economics Challenge, Business Plan Competition and Entrepreneurship programs to thousands of students in northeastern PA.  It also helps to sustain the HNB Center for Economic Education at the University of Scranton. During the year the bank reinforced their support for financial education by expanding the EverFiTM Financial Literacy Platforms in regional elementary and high schools.  These web-based programs – recommended by the PA Department of Education – are free to participating schools and place students in engaging and interactive environments.  The elementary course helps lay the foundation for good financial decision making, while the high school program covers topics like budgeting, credit, saving and investing, student loans, taxes, insurance, and mortgages.

In June the Board of Directors of Honat Bancorp, Inc. concluded a six-for-one stock split that was approved and adopted at the April shareholders meeting. The approval of the split also 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. One goal of the split was to make the common stock more affordable to people in the communities in which HNB does business as well as enhance marketability of the shares.

The final results were notable as HNB exceeded all prior financial benchmarks for assets, loans and deposits. They closed out their 177th year with Net Earnings in excess of $7.4 million, resulting in an admirable Return on Average Assets (ROAA) of 1.29%.  As of December 31, 2013, the bank’s Total Assets exceeded $582 million, with over $403 million in Loans and $489 million in Deposits. Capital now represents almost 13.3% of HNB’s total assets further strengthening the safety, soundness, and stability of the bank.

Nationwide bank rating agencies recognized HNB’s performance awarding them high marks for their profitability and stability.  The Independent Community Bankers of America (ICBA) identified HNB as one of the nation’s top 200 community banks and Seifried & Brew LLC, a community bank risk management firm, again placed The Honesdale National Bank in its top 15th percentile of community banks in the Country.  Weiss Ratings of Jupiter, FL – the nation’s leading independent provider of ratings and analysis of financial services companies, HNB was awarded an “A” rating, based on their analysis of the bank’s financial strength. Additionally the bank earned 5 Star ratings from both bankrate.com© and Bauer Financial.

In 2013 The Honesdale National Bank was named the “Associate of the Year” at the 6th Annual Building Industry Association of Northeastern PA Keystone Awards.  Additionally HNB Mortgage Specialist Susan Mendygral was named as the “Associate of the Year”. HNB Mortgage was also recognized by the Pennsylvania Housing Finance Agency (PHFA) as the “Top PHFA Lender for 2013” and HNB Mortgage Specialists Alison Swanson Messina and Susan Mendygral were named as “PHFA Top Loan Originators for 2013”.

The close of 2013 saw the retirement William Schweighofer as the bank’s President & CEO and the seamless transition of leadership to Thomas Sheridan, Jr. Mr. Sheridan was formerly HNB’s CFO & COO. Mr. Schweighofer now serves as the bank’s Chairman of the Board, with former Board Chairman John Burlein assuming the Vice Chairman’s position.

Honesdale National attributes their success to the hard work and dedication of its employees and their Board of Directors and pledges to continue to justify the trust of their customers, shareholders, employees and communities they serve.  At year-end HNB employed 146 full and part time employees staffing their 12 locations.  HNB continually strives to attract and retain people with a passion for exceptional customer service.

A hallmark of The Honesdale National Bank has been their dedication to the customer through unparalleled service, relevant products and services, and attracting and retaining employees with a focus on helping their friends and neighbors. Whether considering service, location, value or even the latest online resource or app for your mobile device – the word “hometown” almost always comes to mind when thinking of HNB. They continue to be an avid supporter of community organizations, promoting events that support local non-profit and community groups.  As they head into their 178th year, HNB carries their hometown values, service and commitment to the community wherever they go

The Honesdale National Bank is the oldest independent community bank headquartered in Northeastern PA with offices in Wayne, Pike, Lackawanna, Susquehanna and Luzerne Counties with a full service Wealth Management department at its Corporate Center.

February 2014
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 $ .26 per share on February 28, 2014 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.

With adjustments for the 6-for-1 stock split completed in July, the $.26 payment per share represents a 4% increase over the dividend paid in February 2013. HNB closed out their 177th year with Net Earnings in excess of $7.4 million, resulting in an admirable Return on Average Assets (ROAA) of 1.29%.  As of December 31, 2013, the bank’s Total Assets exceeded $582 million, with over $403 million in Loans and $489 million in Deposits. Capital now represents 13.3% of HNB’s total assets further strengthening the safety, soundness, and stability of the bank.

The Honesdale National Bank is the oldest independent community bank headquartered in Northeastern PA. With the opening of their Eynon office in December, they now have ten 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.

January 2014
SHERIDAN NAMED AS HNB’s PRESIDENT & CEO

HONESDALE, PA – William Schweighofer, Chairman of the Board of The Honesdale National Bank, announced that Thomas E. Sheridan, Jr. has been named as the bank’s President and CEO effective January 1, 2014.  In announcing his retirement as bank President effective December 31st, Mr. Schweighofer stated, “After nearly 40 years at HNB, it is my pleasure to pass the torch to Thomas 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.”   

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, Tom 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.  He 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.

December 2013
HNB OPENS NEW EYNON BRANCH

EYNON, PA – The Honesdale National Bank’s Board of Directors, Officers and Eynon office staff were joined by local civic, business and community representatives and other dignitaries on Wednesday, December 11th for the Ribbon Cutting and dedication of their new Branch at 202 Betty Street in Eynon. The branch is adjacent to Cousin’s Convenient Mart.

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 in Lackawanna County. Our quality HNB staff is dedicated to serving all of the financial needs of this community. Bob Ferraro has been managing our Route 6 Plaza Office since joining Honesdale National in 2009 and we’re excited about moving him closer to his hometown to serve his friends and neighbors. Additionally, we have Ray Ceccotti and Ron Sebastianelli to assist the staff with commercial and personal loan and deposit services.”

This is HNB’s 10th 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. Renovations were made to the interior of the building to accommodate three full service teller and customer service stations, the Manager’s office, a reception area and a conference room. A Drive-Up banking lane was also installed.

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.

HNB Eynon Ribbon Cutting

Pictured are (left to right):
Chris Zalesky, Denzel Construction, Lawrence Goodfield and Diana Goodfield Boccella , Cousin’s Convenient Mart; Charles Jurgensen, HNB Board of Directors; Roger Dirlam, HNB Board Vice Chairman; Lorraine Goodfield, Cousin’s Convenient Mart; William Schweighofer, HNB President; Laura Goodfield, Cousin’s Convenient Mart; Robyn Kordish, Senator Blake’s Office; Laura Rolland, HNB Teller & CSR; Raymond Ceccotti, HNB Senior Vice President; Thomas Sheridan, HNB Executive Vice President; David Valvano, PA Representative Frank Farina’s Chief of Staff; Kaitlyn Carroll, HNB Head Teller & CSR; Ronald Sebastianelli, HNB Vice President; John Burlein, HNB Board of Directors Chairman; Corey Floyd, HNB Teller & CSR; Robert Ferraro, HNB Eynon Branch Manager & Loan Officer; Kurt Propst, HNB Board of Directors, Paul Meagher, HNB Board of Directors; Ken Propst; Mark Graziadio, HNB Vice President; James Wansacz & Pat O’Malley, Lackawanna County Commissioners; Anthony Giordano, Archbald Borough Manager; Marcy Swingle, HNB Senior Vice President; Ellen Nielsen; Raymond Pilch, HNB Vice President & Senior Trust Officer; Dominic Perini, Valley View School Board; Jamie Shnipes, HNB Teller & CSR and John Shnipes, Archbald Borough Council Elect.

December 2013
KELLY CUTRONE NAMED BRANCH SUPERVISOR AT HNB

HONESDALE, PA William Schweighofer, President and CEO of The Honesdale National Bank announced that Kelly A. Cutrone was promoted to Branch Supervisor of HNB’s Route 6 Plaza Office.

Following the announcement, Schweighofer commented that, “Kelly has been a valuable member of our HNB family since joining us in 2007. Her experience, dedication and enthusiasm will support and enhance the personal attention and Hometown service our bank is noted for. She recognizes the important role our bank plays in the communities we serve and is committed to building and enhancing those relationships. Kelly has a genuine concern for our customers and the service we provide them.”

Mrs. Cutrone began her banking career at Honesdale National in 2007 as a teller at the Route 6 Office working on a part-time basis. She began her full time employment in 2009 and was promoted to Head Teller in February 2012.

Kelly is a graduate of Stroudsburg High School and has successfully completed various banking related courses and seminars. She serves on the Board of the Lackawaxen Township Fire Commission and is an active participant in the annual efforts for the Wayne County Children’s Christmas Bureau.

She and her husband Robert live in Lackawaxen and are the proud parents of two children; Alexander is a Private First Class in the United States Marine Corps and Samantha who is in her second year at West Chester University. Although her main interests revolve around her family, she also enjoys outdoor activities and scrapbooking.

November 2013

The Honesdale National Bank was recognized as the “Associate Company of the Year” at the 6th Annual Building Industry Association of Northeastern PA Keystone Awards Dinner on Saturday, November 23rd.  In addition, Susan Mendygral, HNB Mortgage Originator, was named as the “Associate of the Year.”

Pictured from left to right are presenter and WBRE Anchor, Monica Medeja, HNB’s Rich Simmers, HNB’s Susan Mendygral, and presenter and State Representative, Eddie Day Pashinski. Attending, but not pictured, is Cherese Golya.

 

Audrey is pictured with HNB President & CEO William Schweighofer.

October 2013
AUDREY BRESSET RECOGNIZED FOR 40 YEARS AT HNB

HONESDALE, PA – Audrey Bresset was recognized for her 40 years of service at The Honesdale National Bank during the bank’s annual recognition dinner.

Audrey started at HNB in 1973 in the bookkeeping department and served as the first Customer Services Representative when the Bank opened the Route 6 Plaza Branch in 1974. Audrey subsequently returned to the bookkeeping department and then transferred to the loan department in 1999 when the Operations Center was relocated to 101 Commercial Street. Since 2005, she has worked in the Loan
Operations Department at the HNB Corporate Center in Honesdale. Mrs. Bresset resides in Honesdale with her husband Michael.

In addition to the dinner held at Lukan’s Farm Resort, which is provided for employees being recognized for their years of service, Audrey received a gold HNB lapel pin with four diamonds – one for each decade of service.

October 2013
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.


October 2013
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.


October 2013
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.


September 2013
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.


September 2013
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.


September 2013
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.


August 2013
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.


August 2013
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.


August 2013
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 Western Wayne High 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 resides in Hamlin with her husband Francis and their two children, Ellie and Thomas.