Norwood Financial Corp..
NWFL.US | Other monetary intermediation
Norwood Financial Corp. operates as the bank holding company for Wayne Bank, which provides various banking products and services in the United States. It accepts various deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit. The company'...Show More
Better Health for All
0
No evidence available to assess Norwood Financial Corp. on Better Health for All.
Fair Money & Economic Opportunity
0
No evidence available to assess Norwood Financial Corp. on Fair Money & Economic Opportunity.
Fair Pay & Worker Respect
0
No specific, concrete data points were found across the provided articles for any of the KPIs under the 'Fair Pay & Worker Respect' value. While some articles mention general employee ratings or a lack of data for certain metrics, there is no explicit quantitative evidence that directly maps to the defined thresholds for living wage coverage, CEO median pay ratio, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage.
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Fair Trade & Ethical Sourcing
0
No evidence available to assess Norwood Financial Corp. on Fair Trade & Ethical Sourcing.
Honest & Fair Business
0
No specific, quantifiable evidence was found in the provided articles to assess Norwood Financial Corp. against the defined KPIs for the 'Honest & Fair Business' value. Information regarding regulatory fines, transparency index scores, whistleblower policy details, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict-free percentages, anti-corruption policy strength, or third-party verification of ethical claims was not available or not specific enough to meet the scoring criteria.
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refers to 'Norwood Systems Limited', which is a different entity than 'Norwood Financial Corp.' (NWFL.US).
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Kind to Animals
0
No evidence available to assess Norwood Financial Corp. on Kind to Animals.
No War, No Weapons
0
Norwood Financial Corp. (NWFL.US) is a bank holding company.
1
The company explicitly states it has 'No Military Contracting' and 'No Controversial Weapons.'
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Given its core business as a bank, there are no defense or arms-related activities, nor any defense business for its board to oversee, and no exposure to weapons.
3
Planet-Friendly Business
0
The provided articles do not contain any specific quantitative data or sustainability metrics to assess Norwood Financial Corp.'s planet-friendly business practices. The 2021 Form 10-K filing explicitly states it lacks quantitative data on emissions, renewable energy, or waste diversion rates.
1
The sustainability summary also notes a lack of specific sustainability metrics relevant to the company's environmental performance.
2
While no regulatory actions, violations, fines, or compliance issues are mentioned,
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this absence of information is not considered evidence for scoring purposes.
Respect for Cultures & Communities
30
In fiscal year 2024, Norwood Financial Corp. (NWFL) reported $80.3 million in revenue and $12.4 million in community reinvestment.
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This equates to 15.44% of its revenue reinvested in community development. The company has no reported cultural appropriation incidents.
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Safe & Smart Tech
0
Norwood Financial Corp. (Wayne Bank) utilizes Secure Sockets Layer (SSL) protocol with a 128-bit certified server by Symantec for data encryption between users and its online banking server.
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The online banking system requires a Log-in ID and password, implements a '3 strikes and you're out' lock-out mechanism after three unsuccessful login attempts, and uses a Digital ID from Symantec for user authentication.
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The company's systems employ a router and firewall to regulate server traffic, initially disallowing all traffic and opening holes only when necessary.
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Wayne Bank's Online Banking System uses cookies for session identification, with a new cookie for each session, and for Cash Management users, a cookie may restrict access to a specific PC.
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The company states it takes all reasonable measures to protect the confidentiality of non-public customer information and prevent unauthorized disclosure, complying with its Privacy and Customer Security Policies.
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It also requires compliance with all applicable governmental laws, rules, and regulations, including those from the Federal Reserve, FDIC, and SEC.
6
In October 2023, Wayne Bank was notified of a cyber-incident involving unauthorized access to customer information in a third-party vendor’s MOVEit file transfer application, which did not impact the Bank’s internal systems.
7
A class action complaint was filed in February 2024 regarding this incident.
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Zero Waste & Sustainable Products
-40
Norwood Financial Corp., through Wayne Bank, implements waste reduction initiatives by offering free paper shredding events where the waste is delivered to a recycling center.
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The company also encourages waste reduction by educating customers on how to switch to eStatements to reduce paper waste and by advising them to make sustainable spending choices.
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