Wayne Bank takes pride in still having the friendly personal touch that has been our hallmark when we began as a simple storefront operation in 1871. Today, our tellers still know most of our customers on a first name basis, and the bank is stronger and more secure than ever, having become one of the premiere financial institutions in Northeastern Pennsylvania.
Over the years, Wayne Bank has grown and serves thousands of customers with offices in Wayne, Lackawanna, Pike and Monroe Counties. Wayne County locations include branch offices in Lakewood and Waymart, as well as our Main branch and corporate headquarters in Honesdale, and a satellite office on Willow Avenue in Honesdale. Located virtually on the Wayne/Pike county border, the Hawley/Lake Wallenpaupack office serves residents of both Wayne and Pike Counties.
Wayne Bank acquired 3 locations in Lackawanna County in May of 2011. The Central Scranton Community Office is across from the Courthouse on Adams Avenue, West Scranton is on Main Avenue and in Clarks Summit, we have our Clarks Summit Office on Northern Boulevard. All offices are full-service and can handle customers’ requests for all types of loans, and deposit products.
Locations in Pike and Monroe Counties
The Pike County locations include Milford, Lords Valley, and Shohola. Wayne Bank expanded its Branch Community offices into Monroe County in 1999 with the Stroudsburg branch located outside of the Stroud Mall on Route 611. In July of 2004, the Marshalls Creek location opened which is located just past the flea market on Route 209.Wayne Bank built and opened the Tannersville office in December of 2006. It is located south of the light at the intersection of Route 715 and Route 611 (below the Crossings Outlets) on the left-hand side of Route 611 in the Fountain Springs East II complex. Wayne Bank also has a location in Effort, PA.
Wayne Bank was founded on November 4, 1871, and was known as the Wayne County Savings Bank, located on Main Street in the heart of Honesdale, a burgeoning canal town at the terminus of the Delaware and Hudson Canal. Early financing included everything from boat building and harness manufacturing to tanneries and farming. The shutdown of the Canal at the end of the 19th century forced the Bank to change with the times by financing the expansion of the county into other industries such as glassworks, textile factories and logging.
In 1924, the Bank' moved to the present headquarters between 7th and 8th Streets on Main Street. The majesty of the building's limestone and marble façade continues to represent the image of stateliness and security favored by banks in those days. The Bank's heart remains the massive 12-foot high, polished steel vault, which when opened looks like a giant complex time-piece, a must see on any visitor's itinerary.
At the time the Bank marked its centennial in 1971, assets had grown to about $18.5 million, with 18 employees on staff operating two offices in Honesdale and Waymart. In 1980, the Bank opened a satellite office on Willow Avenue in Honesdale.
1985 brought the Bank's brand of personal service to customers in the Hawley/Lake Wallenpaupack area with the construction and opening of a new branch. In 1993, with its name changed to reflect its widening business base, Wayne Bank added a branch in the historic Pike County seat of Milford. A year later, the Bank opened its first supermarket branch in Hamlin, however, that branch was closed as of April 2009. Shohola and Lakewood branches were added to the network in 1996 in Pike County. The 1999 opening of the Bank's Stroud Mall, Stroudsburg, branch introduced us to Monroe County. The Lords Valley branch office was opened in 2000, the Marshalls Creek office opened its doors to customers in the summer of 2004 and the Tannersville location was built and opened in December of 2006. In May of 2011, Wayne Bank acquired 5 more community offices, three in Lackawanna County, and two in Monroe County.
Norwood Financial Corp, a bank holding company, was created in 1996, with Wayne Bank as a subsidiary. Stock is traded on the Nasdaq National Market under the symbol NWFL
In a world of sudden start-up financial institutions, and just as sudden disappearances, Wayne Bank possesses an impressive longevity that will provide security for its customer, well into the future.