Honat Declares Quarterly Cash Dividend

On October 25, 2023, the Board of Directors of HONAT Bancorp, Inc., whose wholly owned subsidiary is The Honesdale National Bank, declared a quarterly cash dividend of $.68 per share to shareholders of record on November 15, 2023, payable on November 30, 2023.

The dividend payment is a 4.6% increase over the dividend paid during the 4th quarter 2022 and reflects the Bank’s ongoing commitment to providing shareholder value by increasing the dividend year over year.    

Honat Bancorp, Inc. (HONT: US OTC) is the parent company of its wholly owned subsidiary, The Honesdale National Bank, headquartered in Honesdale, Pennsylvania. The Honesdale National Bank, established in 1836, holds the distinction of being the area’s oldest, independent, community bank headquartered in Northeastern Pennsylvania, with twelve full-service offices across Wayne, Pike, Susquehanna, Lackawanna and Luzerne Counties. Financial Services and Trust solutions for their customers are also serviced through their HNB Financial Group headquartered in Honesdale and the HNB Mortgage Center headquartered in Wilkes-Barre, Pennsylvania. To learn more visit hnbbank.bank, or call 570-253-3355.

This Press Release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements regarding future financial conditions, results of operations and/or the Bank's business operations are not guaranteed and include risks, uncertainties and assumptions.  Actual results and trends may differ materially from those set forth in such statements due to various factors including operating, legal and regulatory risks; economic, interest rate and competitive environments; and other risks and uncertainties.