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Featured In The Oct. 5th Issue Of The Susquehanna County Transcript

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PNB Donates $50,000 To Scholarship Program
Pennstar Bank President Promoted
Waiting For You!
USDA Offers Rural Utility Loans
Harford Fair Hershey Contest Results


PNB Donates $50,000 To Scholarship Program

For the third consecutive year Peoples National Bank, headquartered in Hallstead, Pennsylvania, has made a generous contribution to the Pennsylvania Education Improvement Tax Credit Program administered by The Community Foundation of Susquehanna County, located in Montrose. This most recent donation benefits students in grades Kindergarten through Twelfth. This needs-based scholarship provides assistance to students in public or private schools. Scholarships have also been awarded to autistic children who attend special programs, and to students who require English as a Second Language program. Many students from the Susquehanna County Career and Technology Center in Elk Lake have also received funding for materials they require for their classes.

Pictured (l-r) are Peter Quigg, Director of Development for the Community Foundation of Susquehanna County and Jack Ord, President of Peoples National Bank, presenting the $50,000 check.

In the two years this scholarship program has existed in Susquehanna County it has assisted one hundred and thirty-three students. Currently, as awareness of the scholarship has grown, more donations have arrived and more families are benefiting. “However,” states Peter Quigg, Director of Development for the Community Foundation, “Peoples National Bank has been the most substantial supporter from the inception of this scholarship, and continues to be our major contributor. Including this current donation, the bank has made available $190,000 to the students of our county via the EITC Program. This truly reflects the bank’s commitment to our area.” Peoples National Bank is celebrating its 100th anniversary this year.

Scholarship Applications may be downloaded from the Community Foundation’s web site at The Foundation may also be reached at 278–3800 or at

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Pennstar Bank President Promoted

NORWICH, NY – NBT Bancorp President Martin Dietrich recently announced that David Raven, president and chief operating officer of Pennstar Bank, has been promoted to president and chief executive officer of Pennstar Bank. NBT Bancorp is the parent company of Pennstar Bank. As part of his new duties, Raven will also oversee the company’s Retail Financial Services Division, which includes Pennstar Financial Services in Pennsylvania and NBT Financial Services in New York State.

“Since Dave Raven assumed responsibility for our Pennsylvania banking division five years ago, he has made great progress,” said Dietrich. “Pennstar Bank is now one of the most recognized banking brands in northeast Pennsylvania. Dave has built a solid platform for sustained growth and continues to better position Pennstar to take advantage of emerging opportunities, particularly along the eastern rim of our six-county market area. In his new role, Dave will also help us build on the success we have had in providing investment and insurance products through representatives located at our branches.”

Raven joined NBT Bank in 1996 as vice president of the Sales and Administration Division in Norwich, N.Y. NBT Bancorp is also the parent company of NBT Bank. In 1999, he was promoted to senior vice president at NBT Bank. He was named president and chief operating officer of Pennstar Bank in 2000. Raven has over 21 years of banking experience. He previously worked in the commercial lending and retail banking areas for Fleet Financial Group, advancing to vice president and district manager for New York State’s Capital Region.

Raven has a bachelor’s degree in business administration from the University of Maine and an M.B.A. from New Hampshire College. He is a member of the board of directors for the following: Greater Scranton Chamber of Commerce, United Way of Lackawanna County, St. Francis of Assisi Kitchen, Great Valley Technology Alliance, Lackawanna Industrial Fund Enterprises, Pennsylvania Bankers Association and PaBPAC. Raven also serves as chairman of the Professional Development Policy Committee of the Pennsylvania Bankers Association. Last year, he served as chairperson of the United Way of Lackawanna County’s 2004/2005 annual campaign. Raven is a resident of Moscow, Pennsylvania.

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Waiting For You!

This sweet, little male Beagle mix was found in the Hallstead area. He’s a happy, super-friendly little guy who asks everyone who passes, “Won’t you take me home?” Please come take a look. He’ll be so happy to see you come.

He’ll be waiting for you at the Susquehanna County Humane Society Shelter in Montrose, (570) 278–1228.

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USDA Offers Rural Utility Loans

Tunkhannock – USDA Rural Development offers water and waste disposal direct and guarantee loans to develop water and wastewater systems, including solid waste disposal in rural areas and to cities and towns with a population of 10,000 or less. Funds are available to public entities such as municipalities, municipal authorities, counties, as well as nonprofit corporations.

For the direct loan program, there are three levels of interest rates available (poverty, intermediate and market) each on a fixed basis. Eligibility for these different interest rates is determined by the median household income of the area being served and the type of project.

Further information and an application may be obtained by calling Michael Angerson at the Wyoming Local Office at (570) 836–5111 ext. 4.

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Harford Fair Hershey Contest Results

Harford, PA – Mmmm… chocolate. All of those mouthwatering chocolate cookies and cakes at the Harford Fair this year looked and tasted delicious. Our own hometown master chefs created tempting creations and were competing in Hershey’s Cocoa Classic baking contest at the Harford Fair.

Hometown bakers outdid themselves this year with their sumptuous chocolate creations. This year’s Hershey’s Cocoa Classic cake contest winner is Melissa Davidson, from Springville, PA, with her Chocolate Pineapple Rum Cake.

Not to be outdone by the decadent cakes, the contest featured equally tantalizing cookies, brownies and bars. This contest was strictly for the young at heart showcasing the talents of competitors between the ages of 8 and 18. The head chef in this baking arena was Amanda Sue Marcy from Kingsley, PA with the winning recipe of Peanut Butter Chocolate Chip Cookies.

Hershey’s Cocoa Classic is co-sponsored by Hershey Foods Corporation, a leading snack food company and the largest North American manufacturer of quality chocolate and non-chocolate confectionery products, and the Pennsylvania State Association of County Fairs.

More than 100 fairs across the state are offering cash prizes as part of the Hershey Cocoa Classic. Harford Fair’s contest is a preliminary competition that leads to the selection of the final Hershey Cocoa Classic blue ribbon winner held each January at the Pennsylvania State Farm Show.

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