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

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 10
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 the election of directors and certain other matters on a discretionary basis. Therefore, if you hold your shares in street name and you do not instruct your bank, broker or other holder of record on how to vote in the election of directors, no votes will be cast on your behalf. These are referred to as “broker non-votes.” Even if you plan to attend the PB Bankshares special meeting, you should submit a proxy card or voting instruction form for your shares in advance, so that your vote will be counted if you later decide not to attend the special meeting.

| Q: | How do Participants in the Presence Bank Employee Stock Ownership Plan (“ESOP”) vote their PB 
 Bankshares stock allocated to their ESOP accounts?                                            |

A: If you are a participant in the Presence Bank ESOP, you will receive a Vote Authorization Form for the ESOP that reflects all of the shares you may direct the trustee to vote on your behalf under the ESOP. Under the terms of the ESOP, the ESOP trustee votes all shares held by the ESOP, but each ESOP participant may direct the trustee how to vote the proportionate interest of shares of our common stock allocated to his or her account. The ESOP trustee, subject to the exercise of its fiduciary responsibilities, will vote all unallocated shares of our common stock held by the ESOP and allocated shares for which no voting instructions are received in the same proportion as shares for which it has received timely voting instructions, subject to a determination that such vote is in the best interest of ESOP participants. The deadline for returning your ESOP Vote Authorization Form is December 3, 2025, at 5:00 p.m. local time.

| Q: | Will a broker or bank holding shares in “street name” for a PB Bankshares shareholder   
 automatically vote those shares for a shareholder at the PB Bankshares special meeting? |

A: No. A broker or bank will not be able to vote your shares with respect to the merger agreement proposal without first receiving instructions from you on how to vote. If your PB Bankshares shares are held in “street name,” you will receive separate voting instructions with your proxy materials. It is therefore important that you provide timely instruction to your broker or bank to ensure that all shares of PB Bankshares common stock that you own are voted at the special meeting. 4

| Q: | What does PB Bankshares Board of Directors recommend with respect to the proposals? |

A: PB Bankshares’s board of directors