Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 173

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 173
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 the PB Bankshares’ articles of incorporation, holders of PB Bankshares common stock are not entitled to appraisal rights in the merger with respect to their shares of PB Bankshares stock. Time of Completion The closing of the merger will take place at 10:00 a.m. local time on the day that the effective time of the merger occurs, or such other date, time and place as the Norwood and PB Bankshares may agree. Norwood and PB Bankshares are working to complete the merger quickly. It is currently expected that the merger will be completed in the fourth quarter of 2025 or the first quarter of 2026. However, because completion of the merger is subject to regulatory approvals and other conditions, the parties cannot be certain of the actual timing. Conditions to Completing the Merger Completion of the merger depends on a number of conditions being satisfied or waived, including the following:

| • |     | approval of the merger agreement by the requisite vote of shareholders of PB Bankshares; |

| • |     | receipt of all required regulatory approvals, the expiration of all statutory waiting periods and the   
 satisfaction of all conditions to the consummation of the merger set forth in the regulatory approvals; |

| • |     | there shall be no pending causes of action, investigations or proceedings (1) challenging the validity or                                                                                                                                      
 legality of the merger agreement or the consummation of the merger, or (2) seeking damages in connection with the merger, or (3) seeking to restrain or invalidate the merger; unless actual or threatened causes of action, investigations or 
 proceedings would not have a material adverse effect with respect to the interests of Norwood or PB Bankshares, as the case may be;                                                                                                            |

| • |     | no judgment, order, injunction or decree issued by any court or agency of competent jurisdiction or other legal 
 restraints or prohibition preventing the completion of the merger shall be in effect;                           |

| • |     | no statute, rule, regulation, order, injunction or decree shall have been enacted, entered, promulgated or      
 enforced by a regulatory authority that prohibits, restraints, or makes illegal the consummation of the merger; |

| • |     | Norwood’s registration statement of which this proxy statement/prospectus is a part shall have been 
 declared effective by the Securities and Exchange Commission;                                       |

| • |     | the shares of Norwood common stock shall have been approved for listing on the NASDAQ, subject to official notice 
 of issuance;