 HONESDALE, Pa., March 30, 2021 GLOBE NEWSWIRE -- Norwood Financial Corp the Company NASDAQ Global Market NWFL today announced the initiation of a stock repurchase program under which the Company may repurchase up to 5 of the Companys outstanding shares of common stock, or approximately 400,000 shares, in the open market, in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations, as determined by management. The repurchase program may be suspended or discontinued at any time. Lewis J. Critelli, President and Chief Executive Officer of the Company, stated that, we believe, at appropriate levels, the repurchase of shares of our common stock is a proper use of our capital. Our repurchase program could potentially enhance shareholder value in the Company by increasing return on equity and net income per share. The Company expects to appoint Boenning Scattergood, Inc. as its independent repurchasing agent to repurchase shares of its common stock on its behalf. 