Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 1

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 1
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 the stock consideration represented approximately $21.17 in value for each share of PB Bankshares common stock. You should obtain current stock price quotations, if available, for Norwood and PB Bankshares common stock. Norwood common stock trades on the NASDAQ Global Market under the symbol “NWFL”. PB Bankshares common stock trades on the NASDAQ Capital Market under the symbol “PBBK”. PB Bankshares may terminate the merger agreement if the price of Norwood’s common stock both (1) declines by more than 20% from its 20-dayvolume weighted average price of $25.77 calculated as of July 3, 2025, as compared to the average price of Norwood common stock over a 20-daytrading period ending shortly before the closing of the merger and (2) declines by more than 20% than the decline (if any) in the KBW NASDAQ Regional Bank Index, using the same time periods, unless Norwood elects to adjust the merger consideration to make up the difference in these two conditions, in which case PB Bankshares will still be required to complete the merger, as is discussed in further detail beginning on page 118 of this proxy statement/prospectus. The special meeting of PB Bankshares shareholders will be held in person at PB Bankshares’ Administrative Office, located at 1570 Fruitville Pike, Suite 201, Lancaster, Pennsylvania on December 10, 2025, at 10:00 a.m., local time. PB Bankshares’ board of directors unanimously recommends that shareholders vote “FOR” the approval of the merger agreement and “FOR” the other matters to be considered at the special meeting. The attached proxy statement/prospectus describes the special meeting of PB Bankshares, the merger, the documents related to the merger, and other related matters. It also contains information about Norwood and PB Bankshares and related matters. PLEASE CAREFULLY READ THE ENTIRE PROXY STATEMENT/PROSPECTUS, INCLUDING “ RISK FACTORS” BEGINNING ON PAGE 16, FOR A DISCUSSION OF

THE RISKS RELATING TO THE MERGER.You can also obtain information about Norwood and PB Bankshares from documents that Norwood and PB Bankshares have publicly filed with the United States Securities and Exchange Commission.

| Janak M. Amin                         |
| President and Chief Executive Officer |
| PB Bankshares, Inc.                   |

Neither the Securities and Exchange Commission nor any state securities commission or bank regulatory agency has approved or