Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 159

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 159
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wood and Wayne Bank;                                                  |

104

| • |     | concurrently with the entering into of the merger agreement, Norwood entered into an employment agreement and a non-compete and non-solicitation agreement with Mr. Amin, such agreements to be effective upon completion of the merger; |

| • |     | on or immediately after the effective time of the merger, Norwood and Wayne Bank will appoint two former non-employee directors of Presence Bank to the boards of directors of Norwood and Wayne Bank, for which service they will be compensated in the same manner as the existing directors of Norwood and Wayne Bank; |

| • |     | all non-employee directors serving on the board of directors of PB                                                                                                                                      
 Bankshares as of the date of the merger agreement, who will not be selected to join the boards of Norwood and Wayne Bank, will be invited to join a newly-formed regional advisory board of Wayne Bank. |

| • |     | rights of PB Bankshares officers and directors to indemnification and directors’ and officers’ 
 liability insurance for a period of up to six years following the merger;                      |

| • |     | immediate vesting of any unvested long-term incentive compensation awards, including stock options, restricted 
 stock awards and deferred compensation awards.                                                                 |

In considering the recommendation of the board of directors of PB Bankshares to approve the merger agreement, you should be aware that executive officers and directors of PB Bankshares have interests in the merger that may be different from, or in addition to, their interests of PB Bankshares shareholders generally. These additional interests of PB Bankshares’s executive officers and directors may create potential conflicts of interest and cause these persons to view the proposed transaction differently than you may view it as a PB Bankshares shareholder. PB Bankshares’s board of directors was aware of these interests and took them into account, among other matters, in its decision to approve the merger agreement and the transactions contemplated thereby, including the merger. Appointment of PB Bankshares Directors to the Norwood and Wayne Bank Board of Directors.On or immediately after the effective time of the merger, Norwood and Wayne Bank will appoint two former non-employeedirectors of Presence Bank to the boards of directors of Norwood and Wayne Bank. One appointee will be appointed as a member of the class of the Norwood board of directors with a term expiring at the annual meeting in the calendar year two years after the effective time of the merger and one with a term expiring in the calendar year three years after