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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 ClA3ZMAt5IrWfPQS4Hjzj3KC1ch1lCtV4ZYW+gp2lK4CCHLYDbjvHL6Lu8IwHP9f
 HHU77/IS6oUh5Hf05jLmfQ==

<SEC-DOCUMENT>0001181431-03-029929.txt : 20031110
<SEC-HEADER>0001181431-03-029929.hdr.sgml : 20031110
<ACCEPTANCE-DATETIME>20031110144140
ACCESSION NUMBER:		0001181431-03-029929
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031107
FILED AS OF DATE:		20031110

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BOCHNOVICH PETE
		CENTRAL INDEX KEY:			0001250626

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-49639
		FILM NUMBER:		03987928

	BUSINESS ADDRESS:	
		STREET 1:		DIMECO INC
		STREET 2:		820 CHURCH STREET
		CITY:			HONESDALE
		STATE:			PA
		ZIP:			18431
		BUSINESS PHONE:		5702531970

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIMECO INC
		CENTRAL INDEX KEY:			0000898037
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				232250152
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 509
		STREET 2:		820 CHURCH STREET
		CITY:			HONESDALE
		STATE:			PA
		ZIP:			18431
		BUSINESS PHONE:		5702531970

	MAIL ADDRESS:	
		STREET 1:		PO BOX 509
		CITY:			HONESDALE
		STATE:			PA
		ZIP:			18431
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd22315.xml
<DESCRIPTION>FORM 4 11 10 03
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-11-07</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000898037</issuerCik>
        <issuerName>DIMECO INC</issuerName>
        <issuerTradingSymbol>DIMC</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001250626</rptOwnerCik>
            <rptOwnerName>BOCHNOVICH PETE</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>THE DIME BANK</rptOwnerStreet1>
            <rptOwnerStreet2>PO BOX 509</rptOwnerStreet2>
            <rptOwnerCity>HONESDALE</rptOwnerCity>
            <rptOwnerState>PA</rptOwnerState>
            <rptOwnerZipCode>18431</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Vice President</officerTitle></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-11-07</value></transactionDate><deemedExecutionDate><value>2003-11-07</value></deemedExecutionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>G</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>5</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>529.706</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><
value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><derivativeTable><derivativeHolding><securityTitle><value>options - right to buy</value></securityTitle><conversionOrExercisePrice><value>33.00</value></conversionOrExercisePrice><exerciseDate><value>2004-06-08</value></exerciseDate><expirationDate><value>2010-03-15</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>common stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>2000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>2000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>options - right to buy</value></securityTitle><conversionOrExercisePrice><value>42.60</value></conversionOrExercisePrice><exercise
Date><value>2005-08-23</value></exerciseDate><expirationDate><value>2010-03-15</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>common stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>2000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>2000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding></derivativeTable><remarks>Options are granted with a three year vesting schedule with 1/3 vesting each year.</remarks><ownerSignature><signatureName>Maureen H. Beilman, CFO</signatureName><signatureDate>2003-11-10</signatureDate></ownerSignature></ownershipDocument>



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</SEC-DOCUMENT>
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