Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 55

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 55
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 and non-government organization employees, all of which 
 may put pressure on supply chains and exacerbate market volatility;                                                                                                                                              |

| • |     | occurrence of natural or man-made disasters or calamities, including                                                                                                                                                                                    
 health emergencies, the spread of infectious diseases, pandemics or outbreaks of hostilities, or the effects of climate change, and the ability of Norwood, PB Bankshares and their respective customers to deal effectively with disruptions caused by 
 the foregoing;                                                                                                                                                                                                                                          |

| • |     | legislative or regulatory changes; |

| • |     | downturn in demand for loan, deposit and other financial services in our market area; |

| • |     | increased competition from other banks and non-bank providers of 
 financial services;                                              |

| • |     | technological changes and increased technology-related costs; and |

| • |     | changes in accounting principles, or the application of generally accepted accounting principles. |

Because these forward-looking statements are subject to assumptions and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this proxy statement/prospectus or the date of any document incorporated by reference in this proxy statement/prospectus. All subsequent written and oral forward looking statements concerning the merger or other matters addressed in this document and attributable to Norwood or PB Bankshares or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this document. Except to the extent required by applicable law or regulation, Norwood and PB Bankshares undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this proxy statement/prospectus or to reflect the occurrence of unanticipated events. 33

TRADING MARKET FOR NORWOOD AND PB BANKSHARES Norwood.Norwood’s common stock is traded on the NASDAQ Global Market under the symbol “NWFL”. The most recent trading price for Norwood’s common stock reported by NASDAQ was $26.97 per share on October 27, 2025. Upon the effectiveness of the registration statement of which this document is a part, the shares issued in connection with the merger will be freely transferable under the Securities Act by holders who will not be affiliates of Norwood after the merger. Affiliates of Norwood may resell shares of Norwood common stock issued in connection with the merger only if the shares are registered for resale under the Securities Act or