In this newsletter you will find:
- Our Entrepreneurial Center is Now Open!
- Think Strategically!
- National Small Business Week
- May Networking Event
- Structure Your Deposits for Full FDIC Coverage
- My Credit Manager
- Take Control of Your Financial Future as a College Graduate
- Is It Really the IRS?
- Use Your Dime Bank Mastercard Debit Card for Your Chance to Win!
- Dimeco, Inc. News
- The Dime Bank News
- Employees' Fundraising Efforts
- The Dime Bank Furry Fan Club
- May 2023 Sponsorships & Donations
Scroll down to read all about it!
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Our Entrepreneurial Center is Now Open! |
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The Dime Bank is committed to enhancing our community by supporting our aspiring entrepreneurs and business customers. That is why we are excited to announce that our new Entrepreneurial Center located at 1055 Texas Palmyra Highway, Honesdale, is now open!
As your total financial partner, we look forward to assisting you as you build strategies for growth and success. The Dime Bank Entrepreneurial Center offers customers a comfortable and secure environment with a variety of technological resources. You can collaborate with your team in a highly appointed conference room or work in an individual workspace.
We welcome you to innovate and transform your ideas at our Entrepreneurial Center.
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Think Strategically! The Future of Camp is a podcast series where AMSkier and The Dime Bank bring together some of America’s finest camp industry professionals to focus on current industry topics as well as new opportunities and challenges that may lie ahead. The discussions in this podcast series can apply and be beneficial to any business leader. This series will create thought-provoking conversations between you and your colleagues. Listen in and engage with your peers to take your business to the next level.
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National Small Business Week |
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The Dime Bank and the Independent Community Bankers of America (ICBA) encourage Americans to reinvest in their local community by shopping with small businesses during National Small Business Week, April 30 – May 6, 2023. Small businesses have generated 12.9 million net new jobs over the past 25 years, accounting for two out of every three jobs added to the economy.
“The Dime Bank understands the unique needs of small businesses and the importance of ready access to financial resources as they expand and evolve to meet the needs of the communities they serve,” said William Boyle, The Dime Bank Senior Vice President Chief Lending Officer.
“The Dime Bank is invested in the success of our local small businesses and stands ready and willing to help because we know when small businesses flourish, everyone prospers.”
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The Dime Bank specializes in serving the business community and offers customized commercial loans, various deposit products, and a suite of electronic services to meet your needs so your business thrives! Partner with our expert business banking team today. We are eager to understand your business and create a plan to help take your business to the next level. Call us at 1-888-4MY-DIME or stop by any of our branches.
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We are excited to see you at our networking event on Tuesday, May 2nd as part of our partnership with the Chamber of the Northern Poconos, Greater Honesdale Partnership, and Downtown Hawley Partnership. This fun event will be held at our Indian Orchard Branch, Support Center, and Entrepreneurial Center located at 1055 Texas Palmyra Highway in Honesdale. Catch up with your friends and neighbors and get a tour of our new facility. We look forward to seeing you tomorrow! |
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Structure Your Deposits for Full FDIC Coverage |
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As your community partner, The Dime Bank wants to provide you with an opportunity to grow your savings while maintaining a secure place for your money. We encourage one-on-one, face-to-face relationships with the small businesses and residents we serve. We know what small businesses need because we are one and we understand our residents because we live here too. The Dime Bank relies on relationships and our reputation and we are dedicated to looking out for our customers’ long-term interests. That outlook means we focus on established banking practices that have served our community for generations.
The Dime Bank works within federal guidelines and regulations to keep your money safe, including FDIC deposit insurance* coverage. Deposit amounts greater than $250,000.00 are also available for coverage through our IntraFi® Network Deposits℠ program.
The Dime Bank is dependable, strong, and here for our customers through every stage of the economic cycle, as we have been since 1905. We invite you to come in and talk with us on how to structure your deposits so you have full FDIC coverage.
If you have questions about your coverage, or would like to learn more about FDIC insurance and how it works, or if you need help with structuring your deposits, we encourage you to give us a call directly at 570-253-1970, option 0, or visit us at any of our branches.
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The Dime Bank understands the importance of knowing your credit standing as it is essential when you want to apply for a loan or a credit card. It's also important to track changes to your score since it can alert you to suspicious activity. The Dime Bank's My Credit Manager, free tool located within The Dime Bank online and mobile banking, will help you improve your financial wellness and assist you to understand, manage, and protect your credit.
With My Credit Manager you can:
- Stay on top of your credit with alerts if your score changes.
- See how your credit score might change when you take certain actions like applying for a loan or opening a new credit card.
- Track and manage your debt in one spot – easily see open balances and monthly payments and more.
There’s no cost to use My Credit Manager so log into your online and mobile banking and check your credit score today. We hope you take advantage of My Credit Manager to keep on top of your credit score.
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"The associate that helped me open my accounts was great! Knowledgeable, friendly, and very helpful."
Comment submitted by one of our Hawley branch customers.
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Take Control of Your Financial Future |
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The Independent Community Bankers of America (ICBA) and The Dime Bank would like to congratulate this year’s college graduating class and offer you helpful tips to assist you in planning for your financial future. Transitioning to the workforce can be challenging. As your trusted financial advisor, The Dime Bank can help you assess your financial condition and create a financial game plan based on your unique circumstances to help you establish financial independence. Click on the Read More link below for the tips to help you take control of your finances during your wealth-building years to help set you up for success through your major financial lifecycle events. |
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If you are passionate about your financial future, choose The Dime bank today to help you build a successful tomorrow. Open your account online, meet with our knowledgeable staff at any of our branches, or call us at 1-888-4MY-DIME.
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The “IRS” is on the phone. They’re saying you owe back taxes and need to pay immediately using cryptocurrency, or you’ll be arrested. You reach for your wallet but then think - WAIT - is this really the IRS? Or is it someone impersonating the IRS?
According to the latest Federal Trade Commission (FTC) data, impersonation scams were the top reported scam in 2022. The FTC got more than 700,000 reports about impersonation scams, with one in five including loss of money.
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Go from everyday purchases to big surprises with your Dime Bank Mastercard debit card - like a $250 statement credit or an incredible trip to the city of your choice.
NO PURCHASE NECESSARY. Void where prohibited. Existing Mastercard cardholders who are U.S. residents and are 18 years old and older before 3/1/23. PIN-based debit, international, and Mastercard corporate card transactions not eligible for automatic entry. Ends 6/30/23. For rules and full details, please visit jhasurprisespromo.com*.
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Dimeco, Inc. (OTCQX: DIMC), the holding company for The Dime Bank, reported unaudited results for the first quarter of 2023.
For the three months ended March 31, 2023, Dimeco recorded net income of $2.5 million, down $670 thousand from the same period last year. The decline was mainly due to a reduction in Small Business Administration Paycheck Protection Program loan fee income of $800 thousand. Net income at this level resulted in a return on average assets of 1.05% and a return on average equity of 11.12%.
At March 31, 2023, total assets were $963 million, an increase of $2.6 million over March 31, 2022. Total loans were $671 million compared to $645 million one-year prior, a growth rate of 4%. Deposits were $788 million on March 31, 2023.
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President and Chief Executive Officer Peter Bochnovich stated, “I am pleased to present the financial position of Dimeco, Inc. for the first quarter of 2023. We continue to operate under safe banking principles, and we are dedicated to serving our customers and communities.” |
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Earlier this year, The Dime Bank donated $10,000.00 to NeighborWorks Northeastern PA via the Neighborhood Assistance Program. NeighborWorks rejuvenates neighborhoods and creates opportunities for individuals and families to improve their lives through quality housing and financial guidance.
This donation will support the 2023 Scranton Beautiful Blocks Program. The program provides matching grants of up to $1,000.00 to each member of a group of at least five Scranton residents to help them make exterior improvements to their homes. Grants are awarded annually through a competitive application process.
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Employees' Fundraising Efforts |
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The Dime Bank employees wore jeans on April 14th to raise funds for Lackawanna Blind Association. The Lackawanna Blind Association’s services equip blind or visually impaired adults with the skills and confidence they need to meet the challenges of everyday life. They offer services including transportation, advocacy, recreation, home visits, support groups, socialization, and much more. For more information about this organization or the services they provide, please visit www.lackawannablind.org* or call 570-342-7613.
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The Dime Bank employees wore jeans on April 28th to support Ronald McDonald House of Scranton. The Ronald McDonald House of Scranton has been open since 1986 and serves the families of children who are hospitalized here in NEPA. They provide housing to families of hospitalized children at no charge and may stay as long as their child is undergoing treatment. For more information on this organization, please visit www.rmhscranton.org*.
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The Dime Bank Furry Fan Club |
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In April, two cuties stopped by our Support Center to say hello to everyone!
Meet Quinn and Leo.
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Event Sponsorships:
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Kiwanis Club of Scranton Community Roast of Jerry Champi on May 4th. For more information, call 570-575-1751.
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Cottage Hose Co # 2 and William Walker Hose Co # 1 Gun Bingo on May 6th. For more information, call Steve at 570-445-7276.
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Greater Carbondale YMCA Healthy Kids Day on May 6th. For more information, visit www.greatercarbondaleymca.org*.
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PA Lyme Resource Network Lily Bennett Memorial Miniature Golf Events on May 6th, 20th, and 27th. For more information, visit www.palyme.org*.
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CJR Memorial Foundation 14th Annual Invitational Golf Tournament on May 8th. For more information, visit cjrmemorialfund.org*.
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Newfoundland Rotary Cash Raffle Fundraising Gala Event on May 8th. For more information, visit newfoundlandrotary.org*.
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Greater Honesdale Partnership Girls’ Night Out in Honesdale on May 11th. For more information, visit visithonesdalepa.com*.
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Women's Resource Center Great Chefs Event on May 11th. For more information, visit wrcnepa.org*.
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Greater Carbondale YMCA 29th Annual Fred Ciotti Memorial Color Run/Walk for Autism Awareness on May 13th. For more information, visit www.greatercarbondaleymca.org*.
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Center for Developmental Disabilities Golf Outing on May 15th. For more information, visit cddkids.org*.
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The Wright Center Inaugural Golf Tournament on May 15th. For more information, visit thewrightcenter.org*.
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Honesdale High School Lift a Thon on May 18th. For more information, email prussick@whsdk12.com*.
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WEDCO Annual Meeting & Dinner on May 18th. For more information, visit wayneeconomic.com*.
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Habitat for Humanity of Wayne County Designer Purse Bingo on May 19th. For more information, email connie@ptd.net*.
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Newfoundland Area Public Library Taste of the Poconos fundraising event on May 20th. For more information, visit www.tasteofthepoconospa.com*.
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Wayne County Dairy Princess Pageant on May 21st. For more information, visit www.facebook.com/waynecodairypromotion*.
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Riverfront Sports Golf Tournament on May 22nd. For more information, visit riverfrontsports.com*.
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The Chamber of the Northern Poconos Legislative Luncheon on May 22nd. For more information, visit www.northernpoconos.org*.
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Wayne County YMCA Golf Tournament on May 22nd. For more information, email wcymca@ptd.net*.
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The Greater Scranton Chamber of Commerce Annual Dinner on May 24th. For more information, visit www.scrantonchamber.com*.
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Honesdale Friends of Soccer Memorial Day Tournament on May 28th. For more information, email dmjohannes@yahoo.com*.
Sponsorships & Donations:
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Delaware Valley Arts Alliance - 2023 Sponsorship
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Dingman Delaware Little League - 2023 Sponsorship
- WANES PTSA
Events we sponsored last month that didn’t make the list:
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Dingmans Ferry Lions Club - Annual Fishing Contest
- The Columns Night at the Museum in Collaboration with Green Trees Early Learning Center
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The Jude Zayag Foundation - Jog for Jude
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The Dime Bank is not affiliated with any of the above-named entities. |
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In observance of Memorial Day
The Dime Bank branches will be closed on Monday, May 29, 2023.
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You can bank 24/7 with: ATMs at each branch, personal and business online and mobile banking, and Dial My Dime at 1-866-342-5693 (1-866-DIAL-MY-Dime).
For even greater convenience, download our mobile apps at your provider's app store:
Our Customer Care Center is available at 1-570-253-1970, option 0
during holiday hours of 9:00 a.m. - 5:00 p.m.
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* By clicking on any link with an asterisk in this newsletter, you will be leaving The Dime Bank newsletter and connecting to a website not affiliated with The Dime Bank.
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For security reasons, we do not allow the post office to forward your Dime Bank mail. If you are moving or going away for an extended amount of time, please notify us of your address change so we can adjust your mailing address, phone number, and/or email in our records. You may also change this information by logging into your Online Banking account and clicking on Settings > Profile.
Thank you for working with us to always keep your accounts secure.
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Better Banking. In Person and Online.
We are all about your convenience! We offer you many Ways to Bank
so you can choose what works with your schedule on any given day.
Our goal is to provide you with the ultimate customer experience.
Thank you for choosing The Dime Bank!
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The Dime Bank has been helping customers meet their financial needs since 1905. Serving its primary market of Northeastern Pennsylvania, the bank offers a full array of financial services and solutions. If you're passionate about your future, choose The Dime Bank as your financial partner. Our focus is on you, our customers. Community banking yields community benefits.
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Confidential information should not be sent via email.
Protecting your privacy is our top priority. For your security, do not share your personal information such as your ID, password, social security number, debit or credit card number, Personal Identification Number (PIN), or your full account number with anyone. The Dime Bank will never request any sensitive information from you via email. If you receive any emails that appear to be from The Dime Bank asking for your personal information, or you notice suspicious activity in your Dime Bank accounts, contact our fraud department immediately at 570-253-1970 x 7790.
The information in this newsletter may not be reproduced in any form for any purpose without prior consent from The Dime Bank.
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