Frailey-Miller wins ATHENA award

Chamber of Commerce annual honor hails leading businesswomen

Michele A. Frailey-Miller of Frailey Insurance and Investments was selected for the Greater Pocono Chamber of Commerce’s ATHENA Award.
To achieve this award, the recipient must meet three specific criteria: To assist women to be the best they can be; to hold the highest level of professional accomplishments; and to provide time and energy to improve the quality of life for others in our community.
Frailey-Miller considers herself not only a leader, but more importantly, a mentor.  “If I can have a positive impact on another woman in the business world, I am a happy person,” she said. “I don’t mind sharing my experience, successes and even failures with them because it may help them to grow into stronger, more confident, proactive and fully engaged members of society,” she said.
As Chief Operations Officer of Frailey Insurance and Financial Services on Route 611 in Stroudsburg, Frailey-Miller says, “Our clients are our extended family; they are the fabric of our community. We strive to keep our focus local, and constantly search for ways to improve and protect the lives of our members. We live to serve.”
A lifelong Monroe County resident, Frailey-Miller has become an engaged citizen as she firmly supports nonprofit organizations on an ongoing basis, as seen in her most recent volunteer efforts with the Hope for Strength Breast Cancer Fund. In addition to her extensive involvement with numerous formal organizations, she performs personal outreach and support for widows and newly diagnosed cancer patients.
Her twin brother, Michael, proudly states, “My sister has accomplished all of this with the highest levels of integrity and respect from our team, members, friends and family. My family and I are so proud to see Michele making such an impact.”

Norwood/Wayne Bank cites higher dividends in annual report
John E; Marshall was named chairman of the board while Lewis J. Critelli remains as president and CEO and William S. Lance continues as executive vice president and CFO after the 145th Annual Meeting of Stockholders of Norwood Financial Corp (Nasdaq-NWFL), Parent Company of Wayne Bank that was held on April 26 at the company’s Honesdale headquarters.
Lance highlighted in the company’s financial report for 2015 net earnings of $5.9 million and an increase in cash dividends paid to shareholders from $1.20 per share in 2014 to $1.24 per share in 2015. Critelli’s address included the results for the first quarter of 2016 and a summary of plans for the remainder of the year. Mr. Critelli noted first quarter earnings of $1.9 million and earnings per share (diluted) of $.51. Total assets were $760.1 million as of March 31, 2016, with total loans outstanding of $565.8 million, deposits of $560.5 million and stockholders’ equity at $102.7 million. Critelli also commented on the company’s reduction of nonperforming assets and updated stockholders on the proposed acquisition of Delaware Bancshares Inc.
Norwood Financial Corp, through its subsidiary Wayne Bank, operates 15 offices in Wayne, Pike, Monroe and Lackawanna counties. The company’s stock is traded on the Nasdaq Market, under the symbol, “NWFL”.

Waslowski completes short sales, foreclosure training
Stroudsburg-based Realtor Thomas Waslowski of Better Homes and Gardens Real Estate Wilkins & Associates has recently completed the training for short sales and foreclosures. Part of The Trinity Group along with Realtors Alex Camaerei and Erika Hube, Waslowski completed the SFR Designation in late March and is ready to take on the process of foreclosures and short sales for the team.
“For many Realtors, short sales and foreclosures are a common daily transaction. Tom now has the know-how to help sellers with short sales and to assist buyers in finding and completing the process of foreclosures and short sales,” said Christine A. Wilkins, executive vice president/general manager of Better Homes and Gardens Real Estate Wilkins & Associates. “The complexity of short sales and foreclosures sometimes deter people from the process, but agents with the proper training can make the process easier for both the sellers and the buyers.”
The Trinity Group was created in March of this year and is a real estate team founded and created to provide commendable customer service in listing, selling or renting homes through BH&G/Wilkins. With Waslowski’s new designation, the team can extend its capabilities to also focus on short sales and foreclosures in the area. The team works out of the Stroudsburg BHG Business Campus seven days a week.
Better Homes and Gardens Real Estate Wilkins & Associates has four offices in the Pocono Mountains – Stroudsburg, Bushkill, Milford and Mount Pocono. For details, visit the website at

Chamber of Commerce Women in Business to meet
“Eating Healthy Through the Aisles: Learning How to Navigate Your Way to Health in the Supermarket” will be presented by Rihanna Cenci of Kinsley’s ShopRite in Brodheadsville when the Greater Pocono Chamber of Commerce Women in Business holds its monthly meeting May 10 at Peppe’s Bistro in East Stroudsburg. The luncheon costs $20 for Chamber members, $35 for nonmembers are reservations are required by calling the chamber office at 570-421-4433.

Dimeco reports higher figures than previous year
Dimeco Inc., the parent holding company of The Dime Bank, held its 2016 Annual Meeting of Stockholders on April 28 and continued marking its 110th year.
President and CEO Gary C. Beilman reported a $3.6 million profit, which produced a dividend yield of 3.95 percent. Dividends of $1.52 per share were maintained for 2015, and the year-end book value per share increased to $41.42 from the prior year end of $40.82.
Total assets ended 2015 at $613 million. Loans, the largest asset class at $471 million, mainly consist of commercial loans and commercial real estate followed by the residential mortgage portfolio and consumer loans. Two areas in the loan portfolio that management is working diligently to improve upon are loan delinquency and nonaccrual loans, which are both trending favorably at 1.41 and 2.13 percentages, respectively.
The company also opened one branch in Carbondale.
Since the introduction of Kasasa, certificates of deposit during 2015 have decreased while savings and checking deposits increased as customers are looking for both liquidity and higher interest rates in their deposits. When customers qualify in Kasasa checking accounts they can get rewards like high interest rates, cash back, or refunds on digital downloads from iTunes,, and Google Play, along with unlimited reimbursements on ATM fees nationwide.
Beilman said net income for the first quarter of 2016 was $1.5 million, a 30.2 percent increase over the prior year. Total assets were $623 million at March 3, an increase of $20 million over balances for the same quarter of 2015. Fueling this growth in the first quarter of 2016 was an increase in total loans of $17 million from one year earlier. Total deposits were $493 million at March 31, $3.5 million greater than balances a year earlier.
Dimeco Inc.  is the holding company of The Dime Bank, a full service financial institution serving Northeast Pennsylvania. For more information on Dimeco, Inc. and The Dime Bank, visit

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