Norwood Financial Corp Announces Appointment of John M. McCaffery as Executive Vice President and Chief Financial Officer

Core Viewpoint - Norwood Financial Corp has appointed John M. McCaffery as the new Executive Vice President and Chief Financial Officer, effective June 24, 2024, to enhance its leadership team and support future growth initiatives [4][8]. Company Overview - Norwood Financial Corp is the parent company of Wayne Bank, operating 14 offices in Northeastern Pennsylvania and 16 offices in New York [1]. Leadership Transition - William S. Lance, the current Executive Vice President and Chief Financial Officer, will transition to the role of Executive Vice President and Chief Strategic Officer on June 24, 2024, before retiring on August 2, 2024 [3]. New CFO Profile - John M. McCaffery brings over 30 years of leadership and finance experience, including previous roles as CFO at Metropolitan Commercial Bank and Newtek Bank, N.A. [2][6]. - McCaffery has expertise in capital raising, M&A transactions, regulatory compliance, and team development, holding a Bachelor of Business Administration in Banking & Finance from Hofstra University [6]. Strategic Importance - The appointment of McCaffery is seen as a strategic move to leverage his experience in managing financial institutions of various sizes, which aligns with the company's growth objectives [8].