2023 News and Information

Honesdale, PA – Thomas E. Sheridan Jr., President, and CEO of The Honesdale National Bank has announced Skylar Groover has been promoted to Branch Manager of HNB’s Hallstead Office.

In making the announcement Sheridan stated, “Skylar plays a vital role in our Susquehanna County community.” He continued, “She remains eager to learn and adapt to new challenges while remaining focused on providing incredible customer service to all.”

As Branch Manager, Groover will be responsible for managing the daily operations of the Hallstead Office as well as connecting with customers to understand how to better serve the community.

She is a graduate of Montrose Area High School and is working toward a degree in Marine Science with a focus in Geology.

With just over two years of experience, Groover began her career in the financial industry in 2020 as a part-time teller at HNB. She went on to become a full-time teller, later accepting a position as CSR. She was promoted to Branch Supervisor in 2022.

In commenting on her new role at the bank, Groover noted, “HNB has allowed me room to grow in my career while giving me the tools and leadership to be successful in all areas of banking.” She noted, “Every day I am able to help a customer, I leave work knowing I have made a difference and that is why I love going to work.”

Outside of the bank, she is a Certified Master Scuba Diver, a member of the New Milford Rotary, loves golfing, and spending time with her family.

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.  The Honesdale National Bank offers personal banking, business banking and wealth solutions.  For more information on HNB’s products and services, visit www.hnbbank.bank.

Honesdale, PA – Thomas E. Sheridan Jr., President, and CEO of The Honesdale National Bank has announced Jamie Shnipes has been promoted to Branch Manager of HNB’s Eynon Office.

In making the announcement, Sheridan stated, “Jamie began her banking career at HNB with the opening of our Eynon Office.” He continued, “We are proud to see her grow with us here at the bank, as she has shown great commitment to those in our local community.”

As Branch Manager, Shnipes will be responsible for generating business within the Eynon Office and managing daily workload to ensure customer expectations are met. She will lead the supervision of frontline personnel, while ensuring the office is compliant with audits and account management.

Shnipes began her career in the financial industry in 2013 as a Part-time Teller/CSR at HNB. In 2018 she accepted a full-time position at the bank. She will continue growing her career as Branch Manager of our Eynon Office.

In commenting on her time at the bank, Shnipes noted, “Working at HNB has given me the opportunity to grow in the banking industry.” She continued, “When I became a teller/CSR at HNB, I fell in love with my job, and continued to meet great people in my community and at work.”

Shnipes resides in Eynon, Pa. and is a graduate of Valley View High School. Outside of the bank, she enjoys being with family, either hanging out by the pool or spending time at their camper.

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.  The Honesdale National Bank offers personal banking, business banking and wealth solutions.  For more information on HNB’s products and services, visit www.hnbbank.bank.

Honesdale, PA – Thomas E. Sheridan Jr., President, and CEO of The Honesdale National Bank, has announced Kate Bryant has been promoted to Executive Vice President, Chief Financial Officer (CFO).

In making the announcement, Sheridan stated, “Kate continues to excel in her role and elevate the bank’s executive leadership team.” He continued, “Her contributions to maintaining HNB’s strength and stability and upholding shareholder value are the characteristics that will continue to drive us forward.”  

Bryant has served as the Bank’s CFO since 2016, through which she is responsible for managing the financial planning of the bank and helps direct its overall executive strategy across all departments. She had been previously promoted to Senior Vice President, CFO in 2020.

Bryant began her career in the financial industry in 1999, starting in the banking industry in 2003. She joined HNB in 2004 in the Accounting Department and has helped shepherd the development of accounting and Bank Security Act (BSA) functions.

In commenting on her time at the bank, Bryant noted, “HNB provides me with ongoing opportunities which support my overall professional growth and allows me to be an active participant in my community, for which I am very grateful.”

Bryant resides in Honesdale, Pa. and is a graduate of Honesdale High School. She obtained her Bachelor of Science in Finance and Minor in Economics from Indiana University of Pennsylvania. She later received her Master of Business Administration from Villanova University.

Outside of the bank, she enjoys spending time with friends and family.

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.  The Honesdale National Bank offers personal banking, business banking and wealth solutions.  For more information on HNB’s products and services, visit www.hnbbank.bank.

Honesdale, PA – Thomas E. Sheridan Jr., President, and CEO of The Honesdale National Bank, announced Melissa Rushworth has been promoted to Assistant Vice President, Loan Officer.

In making the announcement, Sheridan stated, “I am pleased to promote Melissa to this new role as she grows personally and professionally here at HNB.” He continued, “With her dedication and longstanding record in the Forest City community, it is evident that her experience will lead to success in her new role.”

As AVP, Loan Officer, Rushworth will assist customers with direct and indirect consumer loans, mortgages, and home equity loans.

Rushworth started her banking career in 1998. She joined HNB in 2008 and has held various positions throughout her career including: Sales Associate, Teller, CSR, Branch Supervisor, Head Teller, Assistant Branch Manager, Branch Manager, Human Resource Assistant and now Loan Officer.

In commenting on her new position at HNB, Rushworth noted, “HNB has given me the opportunity to grow both personally and professionally. It really is like a second family.” She continued, “With the banking industry ever changing it's comforting to know that we are committed to doing what's best for our employees, customers and the communities we serve.”

Rushworth is from Mayfield, graduated from Lakeland Jr. Sr. High School and has completed various continued learning opportunities through coursework through Pennsylvania Bankers Association, BAI, ICBA, and leadership seminars.         

Outside of the bank, she is part of the Forest City Lions Club and loves spending time with family, going on vacations, camping, and gardening. She is an active supporter of all her children's school and sporting events.

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.  The Honesdale National Bank offers personal banking, business banking and wealth solutions.  For more information on HNB’s products and services, visit www.hnbbank.bank.

Honesdale, PA – The Ernest and Margaret Lemnitzer Memorial Fund, administered by the Trust Department at The Honesdale National Bank and local Honesdale businessman, Paul Meagher, continued its support of those pursuing higher education with the awarding of scholarships to 2023 graduates with a total distribution of $18,418.86.

The Ernest and Margaret Lemnitzer Memorial Fund was created by these prominent Honesdale residents to support designated charitable organizations within Wayne County, as well as, to provide scholarships to deserving graduates of Wayne Highlands High School.  Ernest was the brother of the former Chairman of the Joint Chiefs of Staff and Honesdale resident, Lyman Lemnitzer.

Chloe Rogers, the 2023 recipient of the “Ernest and Margaret Lemnitzer Nursing Scholarship” is scheduled to attend James Madison University to study nursing in the fall. She is a 2023 graduate of Wayne Highlands High School. The selection of the nursing scholarship recipient is made by the Women’s Auxiliary of the Wayne Memorial Hospital and is based on scholastic achievement. This scholarship totals $18,418.86.

The Honesdale National Bank Trust Department has managed the investments of the Memorial Fund since its inception in 1991. Through prudent investment of the trust assets, grants in excess of $2.7 Million have been paid to qualifying recipients to date. A total of $432,070.80 has been distributed through the Ernest and Margaret Lemnitzer Scholarships alone. For more information about the HNB Financial Group, please call 570-253-3355 or visit the HNB Corporate Center in Honesdale. 

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. The Honesdale National Bank offers personal banking, business banking and wealth solutions. For more information on Honesdale National Bank’s products and services, visit hnbbank.bank.

Photo Caption:  Pictured (L to R) are Charles Curtin, JD, LLM and HNB VP, Trust Officer; Chloe Rogers, scholarship recipient; and Paul Meagher, co-trustee.

Honesdale, PA – Thomas E. Sheridan Jr., President, and CEO of The Honesdale National Bank, has announced Destiny Megivern has named Investment Assistant with HNB Financial Services.

In making the announcement Sheridan stated, “Destiny is a very well-rounded team member here at HNB. She continues to adapt through new roles and grows by providing our customers and fellow employees with the HNB & me experience.”

As Investment Assistant, Megivern will be responsible for assisting the HNB Financial Services department in the daily workflow to maximize the sales efforts and minimize the time spent on operational tasks. This includes scheduling appointments, completing and submitting forms, and answering phone calls.

She is a graduate of Forest City Regional School District and resides in Pleasant Mount, PA. Megivern was a manager at Weis in Honesdale before starting at the bank in 2018 as a Teller. She moved away for a short period and was a Universal Banker for a bank in Colorado. When she returned to Pennsylvania, she was rehired in Loan Operations at HNB, and then served as a Teller/ CSR before accepting her current role as Investment Assistant.

In commenting on her new role at the bank, Megivern noted, “I love working at HNB, that is why as soon as I knew I was moving back to PA, I called to see if I could be rehired.” She continued, “HNB is truly one big family, and it makes you look forward to coming to work every day.”

Outside of the bank, she loves to read, bake, and spend time with friends and family.

HNB Financial Services Registered Address and Phone: 724 Main Street, Honesdale, PA 18431; 570-253-3355Securities and insurance products are offered through Cetera Investment Services LLC (doing insurance business in CA as CFGIS Insurance Agency), member FINRA(Opens in a new Window)/SIPC(Opens in a new Window). Advisory services are offered through Cetera Investment Advisers LLC. Neither firm is affiliated with the financial institution where investment services are offered. Investments are: *Not FDIC/NCUSIF insured *May lose value *Not financial institution guaranteed *Not a deposit *Not insured by any federal government agency.

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.  The Honesdale National Bank offers personal banking, business banking and wealth solutions.  For more information on HNB’s products and services, visit www.hnbbank.bank. Photo Caption: Destiny Megivern  

Honesdale, PA – Thomas E. Sheridan, President, & CEO of The Honesdale National Bank, announced James Marsh has joined HNB as a Branch Manager of the HNB Forest City Office.

In this role, he is responsible for oversight of the operations of staff and customer service in our Forest City office.  He will provide opportunities for staff to grow by coaching and leading by example. Marsh will retain any relationships this bank has with all current customers and expand or create relationships with new customers.

President & CEO, Thomas E. Sheridan Jr., noted, “We are excited to have James join our team in Forest City, and his enthusiasm mirrors HNB’s interests in supporting our communities. He said, “His overarching career experience will allow ease of development internally while ensuring the provision of great costumer service for our current and future customers of HNB.”

Marsh has eight years in the financial industry, previously working at another area financial institution as a Teller and Customer Service Representative. He also has seven years of experience teaching at Stroudsburg Area School District and Commonwealth Charter Academy.

He grew up in Clarks Summit and currently resides in Lake Ariel. He is a graduate of Abington Heights High School, attended Keystone College for a bachelor’s degree in education with a minor in psychology, and currently attending The University of Phoenix for a master’s degree.

In mentioning his role at HNB, Marsh noted, “Working with HNB has given me ample opportunity to grow professionally and learn not only about this company, but about myself. Each employee has been very gracious, kind, and very helpful with my entering the company.” He continued, “This point in my career has been very rewarding to say the least. I hope to learn and grow with this company for many years to come.”

Outside of work, he likes to sing, cook, play with his 3 dogs, and be outside whenever possible.

HONAT DECLARES QUARTERLY CASH DIVIDEND

April 28, 2023 (Honesdale, PA) – On April 25, 2023, the Board of Directors of HONAT Bancorp, Inc., whose wholly owned subsidiary is The Honesdale National Bank, declared a quarterly cash dividend of $.65 per share to shareholders of record on May 15, 2023, payable on May 31, 2023.

The dividend payment is a 4.8% increase over the dividend paid during the 2^nd quarter 2022 and reflects the Bank’s ongoing commitment to providing shareholder value by increasing the dividend year over year.    

Honat Bancorp, Inc. (HONT: US OTC) is the parent company of its wholly owned subsidiary, The Honesdale National Bank, headquartered in Honesdale, Pennsylvania. The Honesdale National Bank, established in 1836, holds the distinction of being the area’s oldest, independent, community bank headquartered in Northeastern Pennsylvania, with twelve full-service offices across Wayne, Pike, Susquehanna, Lackawanna and Luzerne Counties. Financial Services and Trust solutions for their customers are also serviced through their HNB Financial Group headquartered in Honesdale and the HNB Mortgage Center headquartered in Wilkes-Barre, Pennsylvania. To learn more visit hnbbank.bank, or call 570-253-3355.

This Press Release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements regarding future financial conditions, results of operations and/or the Bank's business operations are not guaranteed and include risks, uncertainties and assumptions.  Actual results and trends may differ materially from those set forth in such statements due to various factors including operating, legal and regulatory risks; economic, interest rate and competitive environments; and other risks and uncertainties.

Honesdale, PA – The Honesdale National Bank has recently made a $5,000 contribution to the Susquehanna Community School District via Commonwealth Charitable Management, Inc. through the Educational Improvement Tax Credit Program. The funds will go towards financial education programs in the school district.

HNB President & CEO, Thomas E. Sheridan Jr., stated, “We are happy to support this school as they enhance their educational curriculum.” He continued, “The best way to get children and young adults prepared for the next step in life, is providing access to critical financial lessons and resources.”

The mission of the Susquehanna Community School District is to nurture an educational environment that will develop life-long learners who will be successful participants in an ever-changing world. Commonwealth Charitable Management, Inc. has been administering EITC since 2003. They have over a decade of experience and have provided millions of dollars in funding to support thousands of students.

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.  The Honesdale National Bank offers personal banking, business banking and wealth solutions. HNB is a Member FDIC and Equal Housing Lender with NMLS ID # 446237.

Pictured (L to R): Mr. Robert Goodrich, Michelle Kowalewski, Commercial Loan Officer, HNB; Skylar Groover, Hallstead Branch Supervisor, HNB along with students of the Susquehanna Community School District.

Honesdale, PA – The Honesdale National Bank has recently made a $3,000 contribution to The Susquehanna County Interfaith through the Educational Improvement Tax Credit Program. The funds will go specifically to the organization’s Parent Pathways Program.

HNB President & CEO, Thomas E. Sheridan Jr., stated, “Life can change in the most unexpected ways and having organizations like this is something that binds the community together.” He continued, “We are excited to make this contribution in efforts to assist the communities we serve.”Susquehanna County Interfaith provides access to emergency assistance, advocacy programs, and resources for personal development/life change. They offer educational pathways for personal development and long-term independence.

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.  The Honesdale National Bank offers personal banking, business banking and wealth solutions. HNB is a Member FDIC and Equal Housing Lender with NMLS ID # 446237.

Pictured (L to R): Karlee Shibley, Lead Case Manager, Susquehanna County Interfaith; Cindy Beeman, Executive Director, Susquehanna County Interfaith; Michelle Kowalewski, Commercial Loan Officer, HNB; Skylar Groover, Hallstead Branch Supervisor, HNB.

Honesdale, PA - Honesdale National Bank Foundation Donates to Keystone Mission’s Aftercare Program
Scranton/Wilkes-Barre, PA – The Honesdale National Bank Foundation presented Keystone Mission with a $2,500 check to support the hiring of an aftercare life coach for the 2023 year.

Keystone Mission desires to be the Catalyst for the Community, to provide help and hope to the homeless, hungry, and hurting people in Northeast PA. Aftercare is critical for homeless prevention. The goal of this program is to allow graduates to stay connected with supportive case management to ensure a full transition into self-sufficiency, avoiding relapse into homelessness.

The life coach will perform follow-up care through home visits, telephone calls, and counseling sessions. They will lend extra support and guidance to our and other community graduates upon successful transition out of homelessness and into the community. At the end of the program, individuals will be able to navigate and network with other community agencies while working through the Genesis Process to gain better life skills such as budgeting and nutrition.

“Keystone Mission is a critical partner in our community as we look to decrease homelessness and increase opportunities for all neighbors in NEPA,” said Elizabeth Nagy, Treasurer of The Honesdale National Bank Foundation. “We are glad to be able to extend our financial support to help graduates of their programs sustain independent living with proper skills and support networks.”
Keystone Mission is pleased to work with organizations in the community, such as the Honesdale National Bank Foundation, to grow its services in the Northeastern Pennsylvania region.

Honesdale, PA – Thomas E. Sheridan, President and CEO of The Honesdale National Bank, announced Lisa Valentine has been promoted to Assistant Vice President, Branch Manager overseeing the HNB Montdale Office.

In making the statement, Sheridan noted, “Lisa is an experienced and valued member of the HNB team. We are eager to see her grow in her new role.  Her vast understanding of our offerings and standards is a valuable resource for providing the best service to our customers”.

In her current role as Branch Manager, she is responsible for managing the daily operations of the HNB Montdale Office, building customer relationships, and capitalizing on opportunities to grow business opportunities.

Valentine has 18 years of experience in the financial industry. She started as a part time teller at HNB, then teller/CSR, was promoted to head teller, then Assistant Branch Manager, to her current role as Branch Manager at the Montdale Office.

In mentioning her role at HNB, Valentine said, “I’m grateful to HNB for giving me the opportunity to advance in my career. I love getting to know customers and helping them with their financial needs.”

She currently lives in Lenox Township on her family farm. She graduated from Forest City Regional School District.

Outside of the bank, her spare time is spent gardening, hiking and exploring the outdoors.

Honesdale, PA – The Honesdale National Bank Foundation has recently made a $2,100 contribution to Leadership Lackawanna. The funds will be used to support their SimSoc Program.

HNB President & CEO, Thomas E. Sheridan Jr., stated, “The Foundation is pleased to assist in creating leaders in our community” He then mentioned, “members of our area are supplied with an assortment of skillsets and qualities, and it is important to provide options to drive their opportunity for impact in today’s society.”

SimSoc is a training program that cultivates an unlimited amount of skills such as communication, trust, problem-solving, empathy, decision-making, interpersonal feelings, and much more. This program will be implemented into their Core program to give participants experience and a better understanding of the complexity of our society.

The Honesdale National Bank Foundation was established to further support the Bank’s commitment to contributing to the growth and development of the communities we serve.

Leadership Lackawanna is a 501(c)(3) charitable, nonprofit organization in northeastern Pennsylvania dedicated to community leadership and professional development.  Its six programs - Tomorrow’s Leaders Today, Core, Executive, Leadership Collegiate, Leadership Fundamentals, and Welcome Scranton! - enhance the skills, connections, and knowledge of emerging and established leaders, enabling them to better serve in our communities, workplaces, and organizations. All program curriculum follows the format and standards of all other community leadership programs throughout the United States.  Since its inception, Leadership Lackawanna has graduated more than 2,400 community leaders.

The Honesdale National Bank Foundation is a 501(c)3 entity established by The Honesdale National Bank to engage in community giving initiatives that foster the area’s growth and resources as it has remained committed to since its founding in 1836. The Foundation’s aims to fulfill that mission through initiatives that support the sustainability and strengthening of resources and programming that make local communities thrive and remain desirable places to live, work, and play. The mission will be upheld through the provision of funding for public charities, institutions, schools and other not-for-profit organizations throughout our local area.

The Honesdale National Bank (HNB), established in 1836, is a subsidiary of Honat Bancorp, Inc. HNB 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.

Photo Caption: Nikki Morristell, Leadership Lackawanna, Jill Robinson, Endless Mountains Visitors Bureau, Alissa Weiss, Cash Management Officer at HNB, Andrew Pickett, The Miles Company, Jim Warren, Warren Construction, Gina Suydam, Leadership Wyoming.

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.

I am a child of the late 1970s and early 1980s, so I did not grow up with the hard financial lessons of my Depression-era grandparents. It took me a long time to understand why my grandmother hid $100 bills in her cookie jar, refrigerator, and literally under her mattress. For me, going to her house was a treasure hunt…I felt like Indiana Jones. I would always be on the lookout for a stray bill. My grandparents were from a different era. They experienced tremendous economic adversity during their lives. To them, cash under the mattress was a better alternative than using a bank.

The Federal Deposit Insurance Company (FDIC), formed via the 1933 Banking Act, was created specifically to assure bank depositors of the soundness of the nation’s banking system. Its purpose was to inspire consumers’ confidence in the banking system by providing deposit insurance to banks and to prevent people like my grandmother from hoarding their cash.  Bank depositors’ money is insured and backed by the Federal Government. In fact, since the founding of the FDIC all those years ago, no depositor whose account was FDIC insured has lost a penny due to a bank failure.

The majority of banks in the United States are members of the FDIC, including all banks with the term “national” in their name. A complete list of FDIC participants is available at the FDIC website.The FDIC only provides insurance to depositors of banks. It does not provide insurance for stocks, bonds, mutual funds, or other financial/investment services that the bank may offer.

Most bank customers know that their deposits are insured up to $250,000. Savings, checking, and other deposit accounts are included in ascertaining the $250,000 threshold. For example, a customer with a $100,000 checking and a $150,000 savings account  in their own name would be fully insured, but if the customer’s savings and checking accounts combined totaled $300,000, then only the first $250,000 would be insured. The other $50,000 could be lost in the event the bank went belly up.

The $250,000 number is stuck in many people’s mind as a bright line, but I would like to point out that there are techniques available to increase the amount of insurance your deposits have at one bank. The FDIC provides $250,000 in coverage to four different categories of accounts. This means you are afforded $250,000 of insurance in four different buckets, which are:

1. Accounts held in your name alone.
2. Accounts you hold in a joint name with another person.
3. IRA or other qualified accounts.
4. Accounts that you open in trust for (ITF) another person.  

You can theoretically have up to $1,000,000 of insured deposits at one institution if you are single and $2,000,000 for a married couple.  So, if you have an IRA, a checking, and an ITF account each with $100,000, the full $300,000 would be insured. To be safe and confirm that your accounts are insured, you are urged to visit the FDIC’s Electronic Deposit Insurance Estimator, a site where the FDIC itself will calculate the amount of insurance coverage you currently possess.

$250,000 is a lot of money to have on deposit at one single bank. As a banker, I love deposits, but that much liquid cash might not be the best way to maximize your money. If you desire FDIC insurance with a little bit of investment return, a Certificate of Deposit (CD) could be right for you. CDs offer a higher rate of interest than a regular savings account as long as you keep and do not touch the CD principal, with the added bonus of being FDIC insured. When purchasing a CD with insurance in mind, there are a few things to note. First, not all banks are FDIC insured, so double check the FDIC’s website before purchasing. Second, if the CD is linked to the market or offers a variable rate of interest, it is likely not an FDIC insured product but an uninsured investment. Third and finally, if the CD combined with your other bank deposits pushes you over the $250,000 threshold, then you may have to look for alternative titling methods like the ones described above to ensure adequate insurance.

With a little creativity and planning, you can make sure your deposits are FDIC insured. It is true that we are currently in a low interest rate environment, but with the FDIC, a bank deposit is better than stashing your cash in empty coffee cans. If you need help navigating the FDIC or have other questions regarding your finances, stop by an HNB office and ask to speak to one of our wealth management representatives.

Honesdale, PA – Thomas E. Sheridan Jr., President and CEO of The Honesdale National Bank, announced the promotion of Kathy Enslin to Vice President, Chief Operations Officer.

“With this promotion, we are very pleased to showcase Kathy’s technical, operational and innovative leadership,” said Sheridan. “Kathy’s appointment as COO is a strategic step for our organization and we know that her experience and skillset will continue to advance the Bank’s opportunities for growth as well as that for our customers.”

“I am grateful for the opportunity to contribute to The Honesdale National Bank’s continued growth. I am looking forward to embarking on this new chapter in my career and new chapter for HNB.”

Enslin joined The Honesdale National Bank in 1999 as an Assistant Vice President, Bookkeeping after spending 24 years with another area financial institution. In that role, she was an integral player in the oversight and development of many procedures and advancements that supported the Bank’s core account management and transaction workflows.  Enslin previously held the position of VP, Deposit Operations Officer for several years at HNB prior to her promotion to Vice President, Compliance Officer in 2015.

Enslin started her career in banking shortly after graduating from Western Wayne High School and has furthered her education through the American Institute of Banking (AIB).

Honesdale, PA – The Honesdale National Bank Foundation has recently made a $3,500 contribution to Honesdale High School. The funds will be used to support the costs associated with the students' participation in the Future Business Leaders of America, Inc. (FBLA) Conference to be held in Hershey, Pa.

HNB President & CEO, Thomas E. Sheridan Jr., stated, “We are pleased to support the hard-working FBLA students at Honesdale High School.” He continued, “Championing opportunities to develop career skills among the next generation will not only enable their paths to success but continue to benefit our local business community.”

The FBLA is the largest business Career and Technical Student Organization in the world. Each year, FBLA helps over 230,000 members prepare for careers in business. The FBLA inspires and prepares students to become community-minded business leaders in a global society through relevant career preparation and leadership experiences.

The Honesdale National Bank Foundation was established to further support the Bank’s commitment to contributing to the growth and development of the communities we serve. The Foundation’s mission is to support the sustainability and strengthening of resources and programming that make our communities thrive and remain desirable places to live, work and play. The mission will be upheld through the provision of funding for public charities, institutions, schools, and other not-for-profit organizations throughout our area. Through a focus on health and human services, education, culture and community enhancements, the Foundation intends to exemplify corporate citizenship and continue to create opportunities for all that benefit from our region’s offerings. The Honesdale National Bank Foundation is a registered 501(c)3

Honesdale, PA – The Honesdale National Bank has recently made a $10,000 contribution to NeighborWorks of Northeastern Pennsylvania through the PA Department of Community & Economic Development’s (DCED) Neighborhood Assistance Program. The funds will go specifically to the organization’s Special Program Priorities (SPP) project.

HNB President & CEO, Thomas E. Sheridan Jr., stated, “Revitalization of our local neighborhoods is one of our true passions here at HNB.” He continued, “NeighborWorks shares the same goal in assisting the lives of those in our local communities, and we are glad to support their cause with this contribution.” NeighborWorks Northeastern Pennsylvania is a 501(c)(3) nonprofit community development organization that has, for more than 40 years, helped to revitalize neighborhoods and improve lives throughout the region by addressing the housing needs in our community. Our vision for strong, healthy neighborhoods is built on resident empowerment, neighborhood revitalization, sustainable homeownership, and public-private partnerships.

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.  The Honesdale National Bank offers personal banking, business banking and wealth solutions. HNB is a Member FDIC and Equal Housing Lender with NMLS ID # 446237.

Pictured (L to R): Jesse Ergott, President & CEO and Ray Ceccotti, SVP, Business Development & Relationship Manager at HNB

Honesdale, PA – As announced by the trustee, The Honesdale National Bank, the greater Wayne County community will continue to experience the generosity of the beloved Honesdale family for years to come with the launch of and first disbursements of The Robert E. and Leila Stegner Family Foundation.

The Robert E. and Leila Stegner Family Foundation was created by siblings Dr. Robert, Joan and Janet Stegner of Honesdale, Pennsylvania, “in thanksgiving to the people of Wayne County and elsewhere for the support given to J.H. Stegner Grocery Store and Bakery, Robert J. Stegner, DDS, Joan M. Stegner and Janet T. Stegner, private music teachers.” The Foundation was established after the passing of the last surviving sibling, Joan Stegner, on October 7, 2022. The Honesdale National Bank has served as trustee since May 25, 2011.

The Stegner siblings selected 13 organizations to receive annual donations from their Foundation based upon a set percentage of the minimum distribution requirement for private foundations code established by the Internal Revenue Service (IRS). The recipient organizations are Bethany Cemetery; Honesdale Fire Department Hose Company No. 1, Alert Hook & Ladder Co. No. 2, Protection Engine No. 3, and Texas No. 4; Victims Intervention Program; Wayne County Food Pantry; Wayne County Children and Youth; Red Cross, Wayne County chapter; Salvation Army; the Eastman School of Music at the University of Rochester; Honesdale Ministerium; and the Wayne Memorial Health Foundation.

“It is an honor for HNB to assist in sustaining the memory and impact of the Stegner family for the greater Wayne County community,” said VP, Trust Officer Charles Curtin. “This Foundation is the epitome of a local family demonstrating its gratitude for the services that serve as the backbone for our area and ensuring others have access to those services for years to come.”

The Stegner name is iconic in the Honesdale area. Parents Robert Sr., and Leila Stegner owned and operated the J.H. Stegner Grocery Store and Bakery throughout most of the 20^th Century. Many fondly remember its vast candy selection. Their children, Dr. Robert and twins Joan and Janet, were prominent citizens in their own right. Numerous young students were taught to love the piano by Joan and Janet in the family’s living room, while Dr. Robert tended to the community’s dental needs. A particular delight was to see Joan and Janet, in matching outfits, riding their tandem two-seat bicycle around town, waiving to all.  Although the scene of the three Stegner siblings languidly rocking on their 8^th Street porch swing during long summer days is now just a memory, their generosity lives on.

Honesdale, PA – The Honesdale National Bank Foundation has recently made a $12,500 contribution to NeighborWorks of Northeastern Pennsylvania. The funds will go specifically to the organization’s Aging in Place program.

HNB President & CEO, Thomas E. Sheridan Jr., stated, “We are happy to support NeighborWorks and their continuous efforts with their Aging in Place program.” He continued, “Maintaining the safety and livelihood of our senior community members is something we cherish here at HNB, and we hope these programs are available for generations to come.”

The Aging in Place program provides homeowners age 60 and above with services that focus on assisting them to continue living safely and with dignity in their home and community. Through this program, NeighborWorks collaborates with human services organizations to evaluate individual needs and provide small home repairs, critical safety modifications and community services specific to each homeowner’s lifestyle to preserve their home and their independence. Surveys with their clients show they’re mentally and physically healthier, feel safer at home, and engage with their family and friends more.

NeighborWorks Northeastern Pennsylvania is a 501(c)(3) nonprofit community development organization that has, for more than 40 years, helped to revitalize neighborhoods and improve lives throughout the region by addressing the housing needs in our community. Our vision for strong, healthy neighborhoods is built on resident empowerment, neighborhood revitalization, sustainable homeownership, and public-private partnerships.

The Honesdale National Bank Foundation was established to further support the Bank’s commitment to contributing to the growth and development of the communities we serve. The Foundation’s mission is to support the sustainability and strengthening of resources and programming that make our communities thrive and remain desirable places to live, work and play. The mission will be upheld through the provision of funding for public charities, institutions, schools, and other not-for-profit organizations throughout our area. Through a focus on health and human services, education, culture and community enhancements, the Foundation intends to exemplify corporate citizenship and continue to create opportunities for all that benefit from our region’s offerings. The Honesdale National Bank Foundation is a registered 501(c)3. 

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.  The Honesdale National Bank offers personal banking, business banking and wealth solutions. HNB is a Member FDIC and Equal Housing Lender with NMLS ID # 446237.

Pictured L to R: Melodie Robinson, Mary Edrusick, Jesse Ergott, President & CEO of NeighborWorks, and Ray Ceccotti, SVP, Business and Relationship Development Manager at HNB.

Wilkes-Barre, PA – The Honesdale National Bank Foundation presented $2,500 to the F.M. Kirby Center for the Performing Arts. The funds will be used to support their Laux Young People’s Theater Series. The series includes five stage performances throughout the school year for children from surrounding school districts completely free of charge thanks to supporters like The Honesdale National Bank Foundation.

The performances returned to the stage in January of 2022 after streaming virtual productions during the Covid-19 shutdown. For more information on the Laux Young People’s Theater Series, visit kirbycenter.org. Pictured from left, are Jordan Steiner, F.M. Kirby Center Donor Relations Manager; Karen Decker, HNB AVP, Kingston Branch Manager; and Joell Yarmel, F.M. Kirby Center Executive Director.

Check out the January issue of Happenings Magazine, featuring our own Elizabeth Nagy, VP Director of Sales, Marketing and Digital Banking.

Elizabeth Nagy VP, Director Of Sales, Marketing And Digital Banking, The Honesdale National Bank Balance: The ability to wear a cape and trip on it too

Women are often expected to be superheroes with the belief that they can accomplish it all and do so with grace and poise. Elizabeth Nagy, VP, Director of Sales, Marketing and Digital Banking for The Honesdale National Bank believes that with rolled up sleeves many women accomplish feats of strength daily thanks to nothing short of a little blood, sweat, tears and a village of support.