HONESDALE – Lew Critelli, President and CEO of Wayne Bank, is pleased to announce the Bank's donation of $12,500.00 to Penngift Foundation, Inc.—a state-qualified scholarship organization that helps support families of students who are interested in attending private schools.
The gift was made possible through the Pennsylvania Educational Improvement Tax Credit Program. The program is under the direction of the Pennsylvania Department of Community and Economic Development and provides tax credits to businesses so that they may make contributions to state-approved organizations which benefit the local community, such as Penngift Foundation, Inc. rather than being paid to Harrisburg in the form of taxes which are distributed statewide.
According to Mr. Critelli, "Wayne Bank is pleased that we are able to support students and their families through our 2012 donation to Penngift Foundation—in order to provide financial aid to local students attending Canaan Christian Academy."
Wayne Bank is a subsidiary of Norwood Financial Corp, Member FDIC, serving Wayne, Lackawanna, Pike and Monroe counties. The stock trades under the NASDAQ Global Market under the symbol— NWFL with assets of $698.7 million as of September 30, 2012.