Archive for Financial

Brian Wilken Promoted at HNB

Jan 25, 2016 No Comments by

Honesdale, PA. – Luke W. Woodmansee, President and CEO of The Honesdale National Bank announced that Brian P. Wilken was promoted to Business Development Officer. His responsibilities include assisting the bank in meeting its goals by building or enhancing relationships …

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The Latest News on Credit Scoring

Jan 18, 2016 No Comments by

Big news!!  Federal regulators and Congress are pressuring the major credit bureaus to adopt more inclusive scoring models into their systems and include non banking forms of credit.  They are proposing that items such as rent and utility payments be …

Columnist, Economy, Financial, Wil Coombs Read more

Smart Selling And Buying: 5 Main M&A Pitfalls To Avoid

Jan 11, 2016 No Comments by

By Salvatore J. Bauccio

Mergers and acquisition activity was heating up, and the owner of a local manufacturing company fielded a buyout offer from a Wall Street private equity firm. Golden opportunity, right?

Wrong. In mergers and acquisitions, there are …

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The Slippery Slope of Credit Cards

Dec 21, 2015 No Comments by

By Wilfred Coombs, 

A credit report is like a balance sheet.  It reflects a credit profile at a point in time.  It contains both assets and potential liabilities.  In order to maintain a good credit score, you must be …

Columnist, Education, Financial, Wil Coombs Read more

Wayne Bank Collects “Toys for Pike County Kids”

Dec 14, 2015 No Comments by

Wayne Bank’s Pike County Region recently participated in the “Toys for Pike County Kids” collection sponsored by the Gung Ho 909 Detachment of the Pike County Marine Corps League, the Pike County Commissioners, and the Pike County Office of Human …

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Woodmansee Named as HNB President

Nov 13, 2015 No Comments by

William Schweighofer, Chairman of the Board of The Honesdale National Bank, announced that Luke W. Woodmansee has been named as the bank’s President and Chief Executive Officer. He will assume the position on January 2, 2016.

In making the announcement, …

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Dimeco, Inc. Announces Earnings For Year And Quarter Ended September 30, 2015

Oct 30, 2015 No Comments by

Honesdale, PA, October 28, 2015/ Dimeco, Inc. (OTC Pink: DIMC), parent company of The Dime Bank, reported net income of $3.3 million for the first nine months of 2015. This resulted in a return on average assets of .73%, a …

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