Norwood Financial Corp, incorporated in 1995 in Pennsylvania, is a bank holding company and the parent of Wayne Bank. Wayne Bank provides a range of personal and business credit services, trust and investment products, and real estate settlement services. The bank operates primarily in northeastern Pennsylvania and parts of New York, with 15 offices in Pennsylvania and 14 in New York. Automated teller machines are available at 30 locations. The bank's deposits are insured by the FDIC and it is a member of the Federal Home Loan Bank of Pittsburgh.
Norwood Financial Corp generates revenue primarily through its banking operations, including interest income from loans and investment securities, fees for various banking services, and income from its Wealth Management/Trust Department. The company's primary customers include individuals, small businesses, and local governments within its market areas. Its operational structure includes several subsidiaries, such as Norwood Investment Corp for annuity and mutual fund sales, WCB Realty Corp for administrative office holdings, and WTRO Properties Inc for managing foreclosed properties. Key factors impacting the company's performance include regional economic conditions, interest rate fluctuations, and competition within the banking sector.