Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 196

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 196
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 PB BANKSHARES UNANIMOUSLY RECOMMENDS THAT PB BANKSHARES SHAREHOLDERS VOTE “FOR” THE ADJOURNMENT PROPOSAL

EXPERTS

Norwood

The consolidated financial
statements of Norwood appearing in Norwood’s Annual Report (Form 10-K) for the year ended December 31, 2024 have been audited by S.R. Snodgrass, P.C., independent registered public accounting
firm, as set forth in their reports thereon, included therein, and incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such reports given on the authority of such firm as
experts in accounting and auditing.

PB Bankshares

The consolidated financial statements of PB Bankshares as of December 31, 2024 and 2023 and for each of the two years in the period ended
December 31, 2024 included in this document have been so included in reliance upon the report of Yount, Hyde & Barbour, P.C., independent registered public accounting firm, included in this document, given on the authority of said firm
as experts in auditing and accounting.

LEGAL MATTERS

The validity of the Norwood common stock to be issued in connection with the merger will be opined on for Norwood by Jones Walker, LLP,
Washington, D.C. Certain U.S. federal income tax consequences relating to the merger will be opined on for Norwood by Jones Walker, LLP, Washington, D.C., and for PB Bankshares by Barley Snyder LLP.

OTHER MATTERS

As of the date of this proxy statement/prospectus, the PB Bankshares board of directors does not know of any matters that will be presented
for consideration at its special meeting other than as described in this proxy statement/prospectus. However, if any other matter shall properly come before the special meeting or any adjournment or postponement thereof and shall be voted upon, the
proposed proxies will be deemed to confer authority to the individuals named as authorized therein to vote the shares represented by the proxy as to any matters that fall within the purposes set forth in the notices of special meetings.

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INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE The SEC allows Norwood to incorporate by reference information in this proxy statement/prospectus. This means that Norwood can disclose important information to you by referring you to other documents filed separately with the SEC that are legally considered to be part of this document, and