Norwood Financial Corp

Norwood Financial Corp. is the bank holding company for Wayne Bank, providing banking products and services in the United States. It offers deposit accounts, commercial and consumer loans, investment securities, trust and investment products, and cash management services. The company serves consumers, businesses, nonprofits, and municipalities through branches and ATMs in Northeastern Pennsylvania and in Delaware, Sullivan, Ontario, Otsego, and Yates counties in New York. Founded in 1870, it is based in Honesdale, Pennsylvania.

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Norwood Financial Board Approves Buyback of Up to 550K Shares

Norwood Financial announced on Friday that its board approved a new stock repurchase program for up to 550,000 shares, representing about 5% of shares outstanding. The new authorization replaces the company's previous 2021 repurchase program. The company may buy shares through open-market or private transactions, including block trades and Rule 10b5-1 plans. Repurchases will depend on market conditions and capital needs and can be modified or terminated at any time.

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