William Lance Promotion

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For Immediate Release

Wayne Bank Promotes Chief Financial Officer

Honesdale, PA – Lewis J. Critelli, President and Chief Executive Officer of Wayne Bank, is pleased to announce the promotion of William S. Lance to Executive Vice President, Chief Financial Officer and Secretary of Wayne Bank and Norwood Financial Corp.  Bill started at the Bank in March of 2010 as Senior Vice President and Chief Financial Officer.  He has over 30 years of banking experience and is responsible for monitoring the financial function of the Bank.

According to Mr. Critelli, “Bill has an extensive background in all aspects of financial management and he has been instrumental in managing a myriad of accounting, investing and financial functions for the Bank.  He has a stellar performance and we are pleased to advance him to Executive Vice President.”

Mr. Lance received his Bachelor’s degree in accounting from the University of Scranton and he has held past positions with other local financial institutions.  Bill is active with the Pennsylvania Bankers Association Group III Executive Committee, currently serving as Secretary/Treasurer and formerly as Group Chairman.  
Bill resides in Moscow with his wife, Mary, and their children Bryan and Maura.

Wayne Bank is a subsidiary of Norwood Financial Corp, Member FDIC, serving Wayne, Lackawanna, Pike and Monroe counties with 16 locations. The stock trades on the NASDAQ Global Market under the symbol—NWFL and has Total Assets of $678,881 million as of September 30, 2011.

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