Dear Valued NBDC Customer:


On Thursday, March 10, 2016, the Boards of Directors of Delaware Bancshares, Inc. ("Delaware") and the National Bank of Delaware County ("NBDC Bank") voted to enter into a definitive merger agreement (the "Agreement") with Norwood Financial Corp. ("Norwood"), and Wayne Bank. Pursuant to the Agreement, the NBDC Bank will merge with and into Wayne Bank. The Boards of Directors of Delaware and NBDC Bank believe that such transaction will result in a strong banking franchise, committed to serving the needs of communities, customers and businesses.


Wayne Bank was founded in 1871 in Honesdale, Pennsylvania, and has since grown into 15 full-service brick and mortar branch offices in the counties of Wayne, Lackawanna, Pike and Monroe, Pennsylvania, with approximately $750.5 million in total assets. Wayne Bank is committed to offering its customers state of the art banking products through a convenient network of branches providing the highest level of customer service. For more information, visit www.waynebank.com.


The Boards of Directors of Delaware and NBDC Bank believe that the transaction will provide excellent opportunities for customers, employees, shareholders, and the communities served by NBDC Bank and Wayne Bank. As community banks, NBDC Bank and Wayne Bank, as well as their respective Boards of Directors and management teams, are dedicated to providing exceptional customer service and a broad and meaningful product package. NBDC Bank and Wayne Bank will work together to ensure a smooth transition for customers. We anticipate that customers will continue to be served by many of the current members of the NBDC Bank staff.


The acquisition requires a vote of approval by the Delaware shareholders, as well as the receipt of customary regulatory approvals. It is anticipated that the acquisition will be completed in the third quarter of 2016, subject to such required approvals and customary closing conditions.


No action on your part is necessary at this time. You will be receiving additional communications on the combination of our organizations and the integration of our operations as we get nearer to the completion of the merger.