James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp. announced that the Board of Directors had appointed John M. McCaffery as Chief Financial Officer of the Company, effective as of June 24, 2024, the day he commences employment with the Company. McCaffery joins the Company with over 30 years of leadership and finance experience in various financial institutions, including two stints as CFO.

His most recent position was Senior Vice President and Treasurer for Metropolitan Commercial Bank. Prior to that position, McCaffery served as Executive Vice President and Chief Financial Officer for Newtek Bank, N.A. and Bridge Bancorp. Upon the merger between Bridge Bancorp and Dime Community Bancorp, McCaffery was appointed Senior Executive Vice President and Chief Risk Officer.

McCaffery brings a wealth of experience and expertise in capital raising, M&A transactions and integrations, growth and restructuring, regulatory and financial compliance, and development of high performing teams. He holds a Bachelor of Business Administration in Banking & Finance from Hofstra University. William S. Lance, currently Chief Financial Officer for the Company announced his plans to retire earlier this year.