Company: NWFL
Filing Date: 2025-03-18
Form Type: DEFA14A
Source: 0001193125-25-056233
Chunk: 4

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-03-18
Form: DEFA14A
Chunk 4
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 compliance and regulatory departments. Though Bill’s professionalism and sense of humor are greatly missed, his retirement is well-deserved and we wish him well.

ANNUAL REPORT 2024Building on this legacy, we were excited to welcome our new CFO, John McCaffery, a dynamic leader with a deep commitment to advancing our mission and driving strategic growth. John joined the Bank with over 30 years of leadership and finance experience in various financial institutions. He brings a wealth of experience and expertise in capital raising, M&A transactions and integrations, growth and restructuring, regulatory and financial compliance, and development of high performing teams. He is a seasoned executive with a proven track record of success, providing finance leadership at multi-billion-dollar asset size financial institutions. He has previously served as CFO for two banks, one smaller and one larger than Wayne Bank, which gives him great insight into where we’ve come from and where we’re striving to go. He has already contributed greatly to our success, and we look forward to the contributions he will bring as we continue to grow and expand.Additionally, we strengthened our governance by adding a new board member, Ronald R. Schmalzle, whose expertise and insights play a pivotal role in shaping our path forward. Ron is a Pike County Commissioner and President, Co-Owner,and General Manager of Recreation Management Corp, which owns and operates several recreation-based businesses in the Northern Region of the Pocono Mountains, including Ski Big Bear at Masthope Mountain and Costa’s Family Fun Park. Ron is also a consultant and the former Executive Director for Camping Management Corp., which operates the award-winning Pine Forest Camp, Lake Owego Camp, and Camp Timber Tops. Ron is a successful businessperson, has extensive prior board experience, and his public service combine to add a unique skill set to the Board. ...these transitions underscore our focus on CONTINUITY, PROGRESS, AND BUILDING A STRONG FOUNDATION for the years ahead. This year, we saw a unique transition as one of our valued board members, Joseph W. Adams, resigned from the Board of Directors and joined Wayne Bank as a senior leader, taking on the newly formed role of Senior Vice President and Director of Wealth Management and Investment Services. In his new role, Joe has provided leadership to the Bank’s Wealth Management and Trust Services department and Norwood Investment Corp. Norwood Financial Corp and Wayne Bank were fortunate to enjoy Joe’s extensive experience and guidance for over nine years during his tenure as Director. I have been delighted that we are continuing to benefit from those qualities