FOR IMMEDIATE RELEASE

Media Contacts:

Elizabeth C. Nagy, CFMP
VP, Chief Marketing and Digital Officer
The Honesdale National Bank
Phone: 570-253-3362 x1107
Mobile: 570-251-0127
enagy@hnbbank.com

Deborah L. Unflat
Vice President Marketing
The Dime Bank
Phone: 570-253-6511 x7224
dunflat@thedimebank.com

Kristen E. Lancia, CFMP
Vice President & Marketing Manager
Wayne Bank
Phone: (570) 253-8594
kristen.lancia@waynebank.com

Local Banks Remain Pillars of Strength and Stability

The Dime Bank, The Honesdale National Bank, and Wayne Bank Showcase Strength of Community Banking

March 16, 2023 (Honesdale, PA) –The FDIC’s seizure of two larger financial institutions once again shapes the current and future landscape of the financial industry. Fortunately, local businesses and families remain ever supported by the strength and stability of three banks through which this corner of Northeastern Pennsylvania was built.

The stability of a community can often be defined by the strength of the partnerships that comprise it. For Honesdale and the greater Wayne County area, the individual and collective business practices of The Honesdale National Bank, The Dime Bank, and Wayne Bank continue to fasten the region’s seams.

While the institutions are unique, since their foundings they have shared a common goal — supporting the residents and businesses across the widening breadth of the communities they serve. Diversifying their loan concentrations and oftentimes sharing the risk burden in the name of business development has paved a landscape that is symbolic of community banking.

No financial institution is completely immune to the impact of economic, political or industry-driven events. These Banks’ conservative business models have helped decrease exposure and effectively manage the market’s highs and lows. Their healthy capital and investment strategies have shepherded expansion in markets and resources to stabilize external pressures and foster growth opportunities.

Healthy competition and collaboration are what set these community banks apart and continue to provide strong, dynamic financial resources for the local population.

The leadership of Wayne Bank, The Honesdale National Bank, and The Dime Bank continue to monitor the markets closely and are prepared to respond to changes as necessary. The local teams at each of their office locations are also available to support questions regarding FDIC insurance and individual financial needs.

About The Honesdale National Bank
The Honesdale National Bank is the subsidiary of Honat Bancorp, Inc. (HONT). Established in 1836, HNB holds the distinction of being the area’s oldest independent community bank headquartered in Northeastern PA, with twelve offices in Wayne, Pike, Susquehanna, Lackawanna and Luzerne Counties. The Honesdale National Bank offers personal banking, business banking and wealth solutions. For more information, visit www.hnbbank.bank. Member FDIC, Equal Housing Lender, NMLS ID #446237.

About The Dime Bank
The Dime Bank is committed to being involved in and contributing to our community’s development. If you are passionate about your future, choose The Dime Bank as your financial partner. Serving its primary market of Northeast Pennsylvania since 1905, the bank offers a full array of financial services and solutions. Community banking yields community benefits. The Dime Bank, a wholly owned subsidiary of Dimeco, Inc., trades on the OTCQX Marketplace under symbol DIMC. For more information on Dimeco and The Dime Bank, visit www.thedimebank.com.

About Wayne Bank
Wayne Bank is a subsidiary of Norwood Financial Corp., Member FDIC, Equal Housing Lender, and is located in Honesdale, Pennsylvania. The Bank has 29 Community Offices serving Wayne, Pike, Monroe, Lackawanna, and Luzerne Counties in Pennsylvania, along with Delaware, Sullivan, Otsego, Ontario, and Yates Counties in New York State, including those offices operating under the Bank of Cooperstown and Bank of the Finger Lakes brands. The stock trades on the NASDAQ Global Market under the symbol— NWFL.