Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 160

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 160
---
 of the merger. PB BANKSHARES SHAREHOLDERS ARE URGED TO CONSULT WITH THEIR OWN TAX ADVISORS AS TO THE TAX CONSEQUENCES TO THEM OF THE MERGER IN THEIR PARTICULAR CIRCUMSTANCES, INCLUDING THE APPLICABILITY AND EFFECT OF U.S. FEDERAL INCOME (INCLUDING THE ALTERNATIVE MINIMUM TAX), U.S. FEDERAL ESTATE, STATE, LOCAL, FOREIGN AND OTHER TAX LAWS AND OF CHANGES IN THOSE LAWS. THE SUMMARY SET FORTH ABOVE IS INCLUDED FOR GENERAL INFORMATION ONLY. IT IS NOT INTENDED TO BE, NOR SHOULD IT BE CONSTRUED TO BE, TAX ADVICE TO ANY PARTICULAR PB BANKSHARES SHAREHOLDER. Regulatory Matters Relating to the Merger Consummation of the merger and the bank merger are subject to receipt of certain regulatory approvals. FDIC.Norwood intends to acquire PB Bankshares by way of a merger, whereby PB Bankshares will merge with and into Norwood, with Norwood as the surviving company, and by merging Presence Bank with Wayne Bank. The merger of Presence Bank with and into Wayne Bank is subject to the prior approval of the FDIC under the Bank Merger Act. Wayne Bank has filed an application with the FDIC to obtain prior approval of the merger of Presence Bank with and into Wayne Bank and the application is currently pending .In reviewing applications, the FDIC considers:

| • |     | the effect of the transaction upon competition; |

| • |     | the financial and managerial resources and future prospects of the merging and resulting institutions; |

| • |     | the capital levels of the surviving institution; |

| • |     | the performance of the applicants in helping to meet the credit needs of the relevant communities, including low-and moderate-income neighborhoods; |

| • |     | the effectiveness of the merging banks in combatting money laundering activities; and |

| • |     | the convenience and needs of the community to be served. |

The FDIC will not approve a transaction:

| • |     | that would result in a monopoly or would be in furtherance of any combination, conspiracy or attempt to 
 monopolize the business of banking in any part of the United States; or                                 |

| • |     | whose effect in any section of the United States may be to substantially lessen competition, or tend to create a                                                                                                                              
 monopoly, or which in any other manner would be in restraint of trade, unless the probable effects of the transaction in meeting the convenience and