Davis retires from Wayne Bank leadership

Critelli to become president/CEO HONESDALE — William W. Davis, Jr., president and chief executive officer of Wayne Bank and Norwood Financial Corp, recently announced his plans for retirement at the end of the year. He will maintain a consulting role for the Bank during the leadership transitional period and will remain on the board of directors. Davis who is approaching his sixty-sixth birthday stated, “It is a difficult decision to make — to bring to an end the most fulfilling position I have held in my 47 year career, but it is time for me to enjoy another aspect of my life. It is with great anticipation and without hesitation that I am leaving the position in excellent and capable hands to Mr. Lewis Critelli, executive vice president and chief financial officer, who has been my right-hand man for the last 14 years.” After graduating from Rider College with a Bachelor of Science Degree in Finance in 1966, Davis began his career in banking as a Management Trainee with Northeastern Bank of Pennsylvania. Davis was hired as the President and Chief Executive Officer for Norwood Financial Corp and its wholly owned subsidiary Wayne Bank in 1996 and has been in that position since. Davis served as president and director of the Wayne County Chamber of Commerce, president and director of St. Joseph’s Center, Scranton and president and director of Junior Achievement of Northeastern Pennsylvania. He also served on boards of directors including: Moses Taylor Hospital, Marywood College, Johnson School of Technology, Greater Scranton Chamber of Commerce, Lackawanna Industrial Fund Enterprises (LIFE), Scranton Industrial Development Co. (SIDCO), United Way of Lackawanna County, and the Pocono Medical Center. Critelli joined Wayne Bank as vice president and CFO in January of 1995. He was named Secretary of the company in 2007. Critelli was appointed to the board of directors in April 2009. Prior to joining Wayne Bank, Critelli held the position of vice president, treasurer and comptroller for a financial institution in the Lehigh Valley. Critelli obtained his Bachelor of Science Degree in Finance from Penn State University in 1981 and his Master of Business Administration from Lehigh University in 1987. He is also a graduate of the School for Bank Administration. Critelli, his wife and daughter live in Honesdale.