EXHIBIT 99
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NORWOOD FINANCIAL CORP. ANNOUNCES
STOCK REPURCHASE PLAN
HONESDALE, PA - January 10, 2001
Norwood Financial Corp. (Nasdaq, NWFL) the Holding Company of Wayne
Bank announced a repurchase plan for the Company"s stock. Under terms of the
plan, Norwood may purchase up to 3% or 50,230 shares of its stock over the next
twelve months. The purchases would be made in the open market subject to
availability of stock, the terms of the plan and other financial and market
conditions. The repurchased stock could offset some of the potentially dilutive
effects of the Company"s stock-based benefit plans and would also be available
for general corporate use.
William W. Davis, Jr. President and Chief Executive Officer noted, "We
believe that at current levels, the purchase of our own stock is an excellent
long-term investment and is a good use of our capital. This is a clear
demonstration of the confidence the Board has in Norwood Financial Corp."
Norwood Financial Corp. through its subsidiary Wayne Bank, operates ten
branches and eleven automated teller machines in Northeastern Pennsylvania. At
December 31, 2000 the Company had total assets of $326.7 million with loans of
$216.5 million, deposits at $253 million and stockholders equity of $31.4
million. The Company"s stock is traded on the Nasdaq National Market under the
symbol, NWFL.
CONTACT: Lewis J. Critelli
Executive Vice President and
Chief Financial Officer
NORWOOD FINANCIAL CORP.
(570) 253-1455
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