Norwood Financial Corp. (NWFL)

25.36 +0.08 (+0.32%) At close: 04:00PM EDT

Norwood Financial Corp.

717 Main Street
Honesdale, PA 18431
United States
570 253 1455
https://wayne.bank

Sector(s): Financial Services
Industry: Banks - Regional
Full-time employees: 261

Key executives

Name	Title	Pay	Exercised	Year born
Mr. James O. Donnelly	President, CEO & Director	625.25k	N/A	1968
Mr. William S. Lance	Executive VP & CFO	423.39k	N/A	1960
Mr. Vincent G. O'Bell	Executive VP & Chief Lending Officer	310.31k	N/A	1962
Ms. Nancy A. Hart	Senior VP, Controller & Director of Operations	N/A	N/A	N/A
Mr. Ryan J. French	Senior VP & Director of Human Resources	N/A	N/A	N/A
Mr. John F. Carmody	Executive VP & Chief Credit Officer	187.25k	26.12k	1970
Ms. Tracie A. Young	Senior VP & Director of Risk	N/A	N/A	1971
Mr. Joseph Mahon	Senior VP & Finger Lakes Commercial Loan Team Leader	N/A	N/A	N/A
Steven R. Daniels	Senior VP & Director of Consumer Banking	N/A	N/A	N/A
Mr. Scott D. White	President of Bank of Cooperstown	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest-bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits. It also provides commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; construction financing; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles. In addition, the company offers investment securities services; personal and business credit services; trust and investment products; and cash management, direct deposit, remote deposit capture, mobile deposit capture, automated clearing house activity, real estate settlement, and Internet and mobile banking services. Further, it engages in the annuity and mutual fund sale, and discount brokerage activities, as well as insurance agency business. The company serves consumers, businesses, nonprofit organizations, and municipalities. It operates branches in Northeastern Pennsylvania; and in Delaware, Sullivan, Ontario, Otsego, and Yates Counties, New York, as well as automated teller machines. Norwood Financial Corp. was founded in 1870 and is headquartered in Honesdale, Pennsylvania.

Corporate governance

Norwood Financial Corp.’s ISS governance QualityScore as of 1 May 2024 is 8. The pillar scores are Audit: 4; Board: 10; Shareholder rights: 7; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.