HONESDALE - The Honesdale National Bank has again been ranked in the top 15th percentile of all Community Banks by Seifried & Brew LLC, a community bank risk management firm.
The Honesdale based institution was recently awarded the highest ratings by two other independent groups. Both bankrate.com© and Bauer Financial have posted 5 Star Ratings for HNB covering the quarters ending Sept. 30 and Dec. 31 in 2012.
Bauer Financial and bankrate.com© report on and analyze the performance of U.S. banks and credit unions. Each quarter their independent "Star" ratings are developed by
analyzing the raw data from the Call Reports supplied by all banks to government regulators,
supplemented with historical and other data.
HNB is the only regionally headquartered bank attaining these ratings from these agencies for the last two quarters in 2012.
The bank has demonstrated exemplary financial performance, which may be even more remarkable considering these results were accomplished in a sluggish economy while dealing with increased regulatory burdens and costs.
Since its establishment in 1836, The Honesdale National Bank has prospered, paying a dividend each and every year, and along with these financial accolades holds the distinction of
being the area's oldest independent community bank headquartered in Northeastern Pennsylvania, with offices in Wayne, Pike, Susquehanna, Lackawanna and Luzerne counties.