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News

Read our past Press Releases to keep informed about newsworthy events at The Dime Bank.

2022

05/17/22 - Stock Market Challenge Winner
03/29/22 - The Dime Bank Donated $31,000.00 for Scholarship Opportunities
02/22/22 - The Dime Bank Donated $10,000.00 to the Greater Pike Community Foundation

2021

12/23/21 - The Dime Bank Contributes to The Stock Market Challenge
11/30/21 - The Dime Bank Contributes to the Wayne County Library
07/27/21 - The Dime Bank Relocates Greentown Branch
03/30/21 - Ferdinand Feola is Promoted to Senior Vice President at The Dime Bank
03/08/21 - The Dime Bank Announces Brian C. Urbas as a New Commercial Lending Officer
01/27/21 - The Dime Bank Donated $8,000.00 to Support Students of Pike & Wayne County

Stock Market Challenge Winner
The Dime Bank is proud to have once again sponsored the Stock Market Challenge. This year’s first place winner in the competition was Wayne Highlands School District student Jaydan Beisner in teacher Don Burchell’s seventh grade class. Jaydan won a Chromebook along with a $100 gift certificate for her studious efforts.

The Dime Bank President and CEO stated Peter Bochnovich, “The Dime Bank is a firm advocate of financial literacy for all, but especially for our youth. We believe that educating our students provides a strong foundation for financial success throughout their lives.”

The Pennsylvania Council on Financial Literacy (PennCFL), through Brighter Financial Futures, uses The Dime Bank’s sponsorship to offer all students in grades 3-12 full access to the Personal Finance Lab, free of charge. This, web-based stock simulation platform and curriculum includes the Personal Budgeting Game, Online Learning with certifications in Personal Finance and Investing 101, plus the Stock Market Challenge. This cutting-edge, real-time stock market game is derived from Stock-Trak's University Platform, which is used in over 80% of the top business schools in the United States.

About PennCFL
The mission is to provide K-12 students with economics, personal finance, and entrepreneurship skills that elevate their standard of living, quality of life, and professional success. For additional information, please contact Alan Dakey, ADakey@PennCFL.org or Carolyn Shirk, CShirk@PennCFL.org, call 570-975-5149 or visit DreamLearnPitch.org or PennCFL.org.

The Dime Bank Donated $31,000.00 for Scholarship Opportunities
The Dime Bank donated $31,000.00 through the Educational Improvement Tax Credit Program to various educational institutions for scholarship opportunities: $18,000.00 was donated to Penngift Foundation of which $9,500.00 was allocated for St. Dominic’s Academy for their pre-k through 8th grade programs, $6,000.00 was allocated to Canaan Christian Academy for their elementary and secondary Christian education program scholarships, and $2,500.00 was allocated to Grace Ridge School to be used for their programs’ tuition assistance; $7,500.00 was donated to the United Way of Lackawanna and Wayne Counties to be used for pre-kindergarten program scholarships; $2,000.00 was donated to Yeshiva Beth Moshe for Scranton Hebrew Day school scholarships for Jewish and secular education; $2,000.00 was donated to Diocese of Scranton for their Catholic schools tuition assistance program; $1,500.00 was donated to the Greater Pike Community Foundation to be used for pre-k scholarship opportunities at Center for Developmental Disabilities (CDD) or Green Trees Early Learning Center in Milford, PA.

St. Dominic’s Academy Board Member Jen Suhosky said, “St. Dominic’s Academy in Honesdale, PA is celebrating our 10-year anniversary. We are so grateful to The Dime Bank for helping us achieve this goal by generously donating to the EITC program every year. Many of our students and their families benefit greatly from this program.”
 
The Dime Bank Donated $10,000.00 to the Greater Pike Community Foundation
The Dime Bank donated $10,000.00 to the Greater Pike County Community Foundation (GPCF) through the PA Department of Community and Economic Development’s Educational Improvement Tax Credit (EITC) program.

Through the GPCF, The Dime Bank’s donation provides significant funding for innovative educational programming enhancements in Science, Technology, Engineering, and Math (STEM) at Delaware Valley School District (DVSD). The funding supports programs that prepare students for a technology centric future.

“On behalf of the Delaware Valley School District, especially our students and staff from our STEM program, thank you for your generous contribution to the grant presented to us by the Greater Pike Community Foundation. We are very grateful for the support The Dime Bank has given our students,” stated Jayson Pope, Supervisor of Academic Services.

“Technology has taken on a more crucial role with the need for remote learning during a pandemic. Greater Pike is pleased to partner with The Dime Bank, Delaware Valley School District, and the PA Department of Community and Economic Development for this important contribution to the future success of students,” said Greater Pike Executive Director Jenni Hamill.
 
The Dime Bank Contributes to The Stock Market Challenge
The Dime Bank recently contributed $9,000.00 to the nonprofit Brighter Financial Futures (dba PennCFL). This donation, which was made through the Educational Improvement Tax Credit (EITC) Program, supports local schools in the sponsorship of The Stock Market Challenge.

The Stock Market Challenge is a web-based stock simulation platform and curriculum. Students can learn how to trade all year long by using the whole curriculum, courses, and more, including six ten-week competitions. The competitions are held in the classroom, by county and state-wide.

The Stock Market Challenge recently announced that Henry Reichman finished in first place in the Middle School Division for Wayne and Pike County and in the top ten of the Statewide Middle School Division. He is a seventh-grade student at Wallenpaupack Area School District and worked under the leadership of Mrs. Argyro Paspalas.

President and Chief Executive Officer Peter Bochnovich commented, “We feel it is very worthwhile for students to gain a greater understanding of the world of finance. It provides them with a foundation for their future success. It is our hope that all of the eligible schools will continue to participate in and take advantage of this learning opportunity.”
 
The Dime Bank Contributes to the Wayne County Library
The Dime Bank recently contributed $30,000.00 to the Wayne County Public Library (WCPL) toward approved innovative educational programs. The libraries of Wayne County strive to support students in the three local school districts, as well as homeschooled students, to ensure they get the help they need to improve their grades, increase their confidence, and encourage them to expand their educational explorations.

This donation, which was made through the Educational Improvement Tax Credit (EITC) Program, will provide funds for several programs such as Learning@theLibrary and Teen Tech@theLibrary. Both include the purchase of Tutor.com, Teen Health and Wellness, Learning Express Library, Core Concepts (Biology, Chemistry, Periodic Table), PowerKnowledge (Earth/Space, Physical, & Life Science), and Prenda Coding.

In addition, some of the funding is allocated for after school Science, Technology, Engineering, Mathematic, and Arts programs. Along with holding enriching programs within the walls of the library, Outreach Coordinator, Jessica Kjera, heads out into the schools and the community. She teaches STEAM programs and familiarizes students/families with the awesome selection of E-resources, fun, and learning they have access to with their library card. Jessica has recently transitioned into the roll with the assistance of retiring long time outreach coordinator, Mary Fritz. Another portion of the funding supports AWE computers for K-2nd grade students and hybridization of library programs which allow libraries to do virtual as well as in person programs.

WCPL Director Tracy L. Schwarz said, “The resources provided by The Dime Bank kept families connected during the Covid shutdown and beyond. The funding helped keep Tutor.com and other STEAM related online resources running for families who were forced to teach their school aged students at home. It also provided a set of laptops, microphones, lighting, speakers, and all the items required for each of the seven libraries to go virtual with programs as needed. The funding helped provide Make and Take STEM and Craft kits that families could pick up and use to learn from home. Thank you! There is no way our libraries could’ve kept county families connected, nor could we have supported the schools as much as we did during the shutdown without this funding from The Dime Bank. EITC funding is vital to keep up with online resources and provide learning and teen tech at our libraries.”

Stop in at any of the seven Wayne County Libraries to sign up for a library card to access the wide variety of free e-resources available through their website www.waynelibraries.org.
The EITC program, which is administered by the PA Department of Community and Economic Development, provides a tax rebate program. The Dime Bank is dedicated to supporting education in our communities through the sponsorship of many different programs and venues. If you are passionate about your future, choose The Dime Bank as your financial partner. Community banking yields community benefits. For more information on The Dime Bank, visit www.thedimebank.com.
 
The Dime Bank Relocated Greentown Branch
On Thursday, July 22, 2021, The Dime Bank broke ground for construction of our new Greentown branch. The facility will be located on Route 507, adjacent to Dutch’s Market and will continue to operate with the same hours as the current location. The facility was designed and will be built by PW Campbell, a firm that specializes in construction for the financial services industry. The new branch office is expected to be completed in the first quarter of 2022.

The branch design features an updated color scheme, furniture design and the use of innovative technology. The bank seeks to align the branch office with modern banking needs through inclusion of these enhancements.

“The design of this new facility is our first office to be specifically constructed to utilize the Universal Banker branch concept. All of the office staff are trained to handle all transactions in order to ensure a seamless customer experience,” Peter Bochnovich, President and Chief Executive Officer said. “We are excited at the opportunity to offer this enhanced physical branch model in the Greentown market and expect that our customers will be pleased with this improved banking experience. All of our branches are transitioning to use of the Universal Banking model and will offer similar customer experiences.”

Ferdinand Feola is Promoted to Senior Vice President at The Dime Bank
President and Chief Executive Officer Peter Bochnovich and the Board of Directors announced the promotion of Ferdinand Feola to Senior Vice President, Chief Technology Officer and a member of The Dime Bank’s Senior Officer team.

Feola joined The Dime Bank’s management team in 2019 as Vice President, Chief Technology Officer. Within this role, Feola leads a strategic, cohesive bank-wide technology program to align technology goals to other departmental and organizational objectives. Feola evaluates and implements new systems and upgrades existing infrastructure for the optimal use of data, information, and digital technology platforms. These efforts assist in achieving greater convenience and time saving benefits for customers and increased efficiency for the bank’s employees.

President and Chief Executive Officer Peter Bochnovich stated, “Ferd’s 25 years of technology leadership brought a wealth of knowledge to the information technology side of The Dime Bank. He brings technology to the forefront of our business with our employees and customers. We are excited to have Ferd in this elevated management role as we pledge to continue to offer the best banking solutions to differentiate the banking experience at The Dime Bank.”
Feola holds a Master of Arts degree from the University of Valley Forge and has completed FEMA Incident Command Training. He is a published columnist writing technology articles for national publications.

The Dime Bank Announces Brian C. Urbas as a New Commercial Lending Officer
Brian C, Urbas has been hired at The Dime Bank as a new Vice President, Commercial Lending Officer, announced President and Chief Executive Officer Peter Bochnovich.

Urbas has 20 years of progressive banking and lending experience working at Northeast PA financial institutions serving Wayne, Susquehanna, and Lackawanna counties. Urbas’ enthusiastic and driven leadership skills coupled with his extensive experience yielded long-lasting customer relationships and strong business partnerships. His responsibilities included developing strategies to build new retail and business relationships in various industries, underwriting, and preparing and analyzing financial information for loan approval.

Urbas’ responsibilities as a vice president, commercial lending officer at The Dime Bank will be garnering new commercial customer relationships in the area as well as maintaining existing commercial relationships. Senior Vice President Chief Lending Officer William Boyle stated, “Brian’s experience and knowledge of the various financial needs of commercial customers make him a great addition to our commercial lending team. His ability to focus on business development coupled with his superb customer service will prove to be a benefit for The Dime Bank and our customers, present and future.”

Urbas has a Bachelor of Science degree in Accounting from Bloomsburg University.
The Dime Bank Donated $8,000.00 to Support Students of Pike & Wayne County
The Dime Bank donated $8,000.00 through the Educational Improvement Tax Credit Program to the

Pennsylvania Council on Financial Literacy (PennCFL).

PennCFL provides to all students in grades 3-12 in Pennsylvania a world-class, web-based stock simulation platform and curriculum. Students can learn how to trade all year long by using the whole curriculum, courses, and more, including two ten-week competitions. The competitions are held in the classroom, by county and state-wide.

The platform provides lessons, assignments, and grading for seamless teacher management. The cutting-edge, real-time stock game is derived from Stock-Trak's University Platform, which is used in over 80% of the top business schools in the United States.

Teachers and students get access to our extensive experiential education teaching and learning tool designed by Stock-Trak, the world’s leading provider of investment portfolio simulations for colleges and schools. It offers an entire standards-aligned curriculum library and a distance learning-optimized lesson plan database which includes a Google Slides presentation library, teacher training webinars, a student video library, a full personal finance course and a teacher’s dashboard for student assignments, progress reports, and grading.

PennCFL President Alan W. Dakey stated “Thank you for again supporting the Wayne Pike Stock Market Program and for increasing your support. The Dime Bank was one of our early sponsors when we were first getting started a few years ago, and your support was a great help in getting us launched in our early years. During the past school year over 20,000 students participated in our financial literacy programs and we have dramatically expanded our online resources particularly in light of the pandemic. Thank you for being one of our founding sponsors.”
About Penn CFL

PennCFL sponsors financial competitions and entrepreneurial programs resulting in over 20,000 students in Pennsylvania. Training and support are provided to hundreds of teachers. Our goal is to be the leader in K-12 financial literacy and entrepreneurship education. For additional information, please contact Alan Dakey, President at ADakey@penncfl.org or Carolyn Shirk, Vice President CShirk@penncfl.org, call 570-975-5149 or visit us at www.penncfl.org.











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