Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 61

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 61
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. PB Bankshares will
reimburse the record holders for their reasonable expenses in taking those actions. PB Bankshares directors, officers and employees, who will not be specially compensated, may solicit proxies from PB Bankshares shareholders, either personally or by
telephone, facsimile, letter or other electronic means. In addition, PB Bankshares has retained The Laurel Hill Advisory Group to assist in the solicitation of proxies. The Laurel Hill Advisory Group will receive a base fee of $7,000, plus certain
incremental costs for its solicitation services.

INFORMATION REGARDING PB BANKSHARES

Business

PB Bankshares, a Maryland
corporation, was formed in March 2021 to serve as the bank holding company for Presence Bank. PB Bankshares is a registered bank holding company. PB Bankshares is subject to comprehensive regulation and examination by the Federal Reserve and the
Pennsylvania Department of Banking and Securities.

PB Bankshares’ common stock is traded on the NASDAQ Capital Market under the
trading symbol PBBK. At June 30, 2025, PB Bankshares had total consolidated assets of $464.1 million, total deposits of $363.4 million and total stockholders’ equity of $50.3 million.

On July 14, 2021, Presence Bank completed a mutual to stock conversion and shortly thereafter established its holding company structure
with PB Bankshares. Presence Bank is a stock savings bank organized under the laws of the Commonwealth of Pennsylvania and is subject to regulation and examination by the FDIC and the Pennsylvania Department of Banking and Securities. Presence Bank
operates from four offices and two loan production offices in Chester, Lancaster and Dauphin Counties, Pennsylvania. Presence Bank’s primary market area for deposits includes the communities in which it maintains banking office locations,
while its primary lending market area is broader and includes customers in Lebanon, Dauphin and Cumberland Counties in Pennsylvania. Presence Bank a community-oriented bank offering a variety of financial products and services to meet the needs of
its customers. PB Bankshares’ principal sources of revenue emanate from interest earnings on its investment securities and loan portfolios.

PB Bankshares’ principal business consists of attracting retail and commercial deposits from the general public in its market area and
investing those deposits, together with funds generated from operations and borrowings, primarily in commercial real estate loans, commercial and industrial loans, construction, home equity lines of credit and to a lesser extent, one- to four-family residential real estate loans and consumer loans. PB Bank