Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 65

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 65
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 Insurance Corporation and is subject to the insider lending restrictions of the Federal Reserve Act. All loans to Presence
Bank’s directors and officers are made in conformity with the Federal Reserve Act and applicable regulations.

All loans made by
Presence Bank to executive officers, directors, immediate family members of executive officers and directors, or organizations with which executive officers and directors are affiliated, were made in the ordinary course of business, on substantially
the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans to persons not related to Presence Bank, and did not involve more than the normal risk of collectability or present other unfavorable
features. Presence Bank is in compliance with federal regulations with respect to its loans and extensions of credit to executive officers and directors. The

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aggregate amount of our loans to our executive officers, directors and their related parties was $4.6 million at December 31, 2024. As of December 31, 2024, these loans were performing according to their original repayment terms. Pursuant to PB Bankshares’ Policy and Procedures for Approval of Related Person Transactions, the Audit Committee periodically reviews, no less frequently than twice a year, a summary of transactions in excess of $25,000 with its directors, executive officers, and their family members, for the purpose of determining whether the transactions are within PB Bankshares’ policies and should be ratified and approved. Additionally, pursuant to PB Bankshares’ Code of Business Conduct and Ethics, all of PB Bankshares’ executive officers and directors must disclose any personal or financial interest in any matter that comes before PB Bankshares’ board. Executive Compensation Summary Compensation Table.The table below summarizes the total compensation paid to or earned by the individuals identified above as becoming executive officers of Norwood upon consummation of the merger.

| Name and principal position                            |     | Year |      |     | Salary 
 ($)    |         |     | Bonus 
 ($)   |         |     | Option 
 Awards 
 ($)    |   |     | Stock  
 Awards 
 ($)    |   |     | Non-Equity   
 Incentive    
 Compensation 
 ($)          |   |     | All other    
 Compensation 
 ($) (1)      |         |     | Total 
 ($)   |         |
| Janak M. Amin,                                         |     |      | 2024 |     |        | 367,290 |     |       | 139,920 |     |        | — |     |        | — |     |              | —