Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 145

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 145
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 with the election form. Once a shareholder submits a
properly completed election form along with the stock certificate(s) to the exchange agent, the shareholder may revoke that election by written notice to the exchange agent at any time before the election deadline, whereupon the exchange agent will
promptly return all stock certificates to the revoking shareholder. After the election deadline, elections may not be revoked or changed, and the shareholder will no longer be able to transfer the shares of PB Bankshares common stock.

If you own shares of PB Bankshares common stock in “street name” through a broker or other financial institution, you should
receive or seek instructions from the institution holding your shares concerning how to make your election. Any instructions must be given to your broker or other financial institution sufficiently in advance of the election deadline for record
holders in order to allow your broker or other financial institution sufficient time to cause the record holder of your shares to make an election as described above. “Street name” holders may be subject to an election deadline earlier
than the deadline applicable to holders of shares in registered form. Therefore, you should carefully read any materials you receive from your broker. If you instruct a broker to submit an election for your shares, you must follow such
broker’s directions for revoking or changing those instructions.

If a PB Bankshares shareholder either (i) does not submit a
properly completed election form on or before the election deadline or (ii) revokes its election form prior to the election deadline (without later submitting a properly completed election form prior to the election deadline), the shares of PB
Bankshares common stock held by such shareholder shall be designated as non-election shares and will be converted into the right to receive the stock consideration or the cash consideration according to the
allocation procedures specified in the merger agreement and summarized below. Any election form may be revoked or changed by the person submitting such election form to the exchange agent by written notice to the exchange agent only if such notice
of revocation or change is actually received by the exchange agent at or prior to the election deadline. Stock certificates relating to any revoked election form will be promptly returned without charge. The exchange agent will have discretion to
determine when any election, modification or revocation is received and whether any such election,

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modification or revocation has been properly made. All elections (whether cash or stock) will be revoked automatically if the merger agreement is terminated. PB Bankshares shareholders are urged to carefully read and follow the instructions for completion of the election form and to