Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 23

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 23
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 the planned merger of our subsidiary banks following completion of the merger, the FDIC, the Pennsylvania Department of Banking and Securities and the Federal Reserve Board. We will complete filing all the required applications and notices with regulatory authorities. We also will make filings with various other federal and state regulatory agencies and self-regulatory organizations, notifying, or requesting approval from, those agencies and organizations for or in connection with the merger and the bank merger. Although we currently believe we should be able to obtain all required regulatory approvals in a timely manner, we cannot be certain when or if we will obtain them or, if obtained, whether they will contain any condition or requirement that would so materially and adversely impact the economic or business benefits to Norwood or Wayne Bank of the merger. Please see the discussion under the caption “The Merger and the Merger Agreement-Regulatory Matters Relating to the Merger” beginning on page 94 of this proxy statement/prospectus.

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Conditions to Completing the Merger (page 102) 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