SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d- 1(b) AND
(c) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b)
(Amendment No. 4)*
NORWOOD FINANCIAL CORP.
-------------------------------------------------------
(Name of Issuer)
Common Stock $0.10 Par Value Per Share
-------------------------------------------------------
(Title of Class of Securities)
669549 10 7
-------------------------------------------------------
(CUSIP Number)
January 22, 2003
-------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this schedule
is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
---------------
* The remainder of the cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 5 pages
(Continued on following pages)
---------------------------------------
CUSIP No. 669549 10 7 13G
---------------------------------------
--------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Wayne Bank Trust Department
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
N/A
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Pennsylvania
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 195,071 Shares
--------------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0 Shares
--------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 195,071 Shares
--------------------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
0 Shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
195,071 Shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [X]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.3%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
BK
--------------------------------------------------------------------------------
Page 2 of 5 pages
Item 1(a). Name of Issuer:
---------- ---------------
Norwood Financial Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
---------- ------------------------------------------------
717 Main Street, Honesdale, Pennsylvania 18431
Item 2(a). Name of Person Filing:
---------- ----------------------
Wayne Bank Trust Department
Item 2(b). Address of Principal Business Office or, if None,
------------------------------------------------------------
Residence:
----------
717 Main Street, Honesdale, Pennsylvania 18431
Item 2(c). Citizenship:
---------- ------------
Pennsylvania
Item 2(d). Title of Class of Securities:
---------- -----------------------------
Common Stock, $0.10 par value per share.
Item 2(e). CUSIP Number:
---------- -------------
669549 10 7
Item 3. Check whether the person filing is a:
------- -------------------------------------
Item 3(b) X Bank, in accordance with Rule 13d-1(b)(1)(ii)(B).
---
Item 3(a)(c)(d)(e)(f)(g)(h)(i)(j) - not applicable.
Item 4. Ownership:
------- ----------
The following information relates to the Wayne Bank Trust Department
ownership as of January 14, 2003:
(a) Amount beneficially owned:
195,071 shares
(b) Percent of Class:
7.3%
Page 3 of 5 pages
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
195,071 shares
(ii) Shared power to vote or to direct the vote:
0 shares
(iii) Sole power to dispose or to direct the disposition of:
195,071 shares
(iv) Shared power to dispose or to direct the disposition of:
0 shares
Wayne Bank Trust Department ("Department") is trustee to 23 trust
accounts that include, in the aggregate, among their investments the
195,071 common stock of Norwood Financial Corp. The Department has sole
voting power with respect to those shares. Furthermore, the Department
holds an aggregate of 212,484 shares of Common Stock of Norwood
Financial Corp. in two trust accounts as to which it has no voting
power. These shares are excluded from this schedule.
Item 5. Ownership of Five Percent or Less of a Class:
------- ---------------------------------------------
Virtually all of our accounts involve outside persons who have the
right to receive or direct the receipt of dividends from, or the proceeds from
the sale of, securities in such accounts with respect to the class of securities
which are subject to this report. However, no such person's rights relate to
more than five percent of the class unless such person is identified below.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
------- ----------------------------------------------------------------
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
------- ----------------------------------------------------------------------
Security Being Reported on by the Parent Holding Company:
---------------------------------------------------------
Not Applicable.
Item 8. Identification and Classification of Members of the Group:
------- ----------------------------------------------------------
Not Applicable.
Item 9. Notice of Dissolution of Group:
------- -------------------------------
Not Applicable.
Page 4 of 5 pages
Item 10. Certification:
-------- --------------
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purpose or effect.
Page 5 of 5 pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete, and
correct.
Wayne Bank Trust Department
Date: January 15, 2004 By: /s/ Wayne D. Wilcha
-------------------------------------
Wayne D. Wilcha
Senior Vice President and Trust
Officer