Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 62

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 62
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shares also invests in debt securities, which have historically consisted of mortgage-backed securities

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issued by U.S. government sponsored enterprises and U.S. government and agency securities. PB Bankshares offers a variety of deposit accounts, including demand deposit accounts, savings accounts, money market accounts and certificate of deposit accounts. PB Bankshares borrow funds, primarily from the Federal Home Loan Bank of Pittsburgh, to fund its operations as necessary. Competition PB Bankshares faces competition within its market area both in making loans and attracting deposits. PB Bankshares’ market area has a concentration of financial institutions that include large money center and regional banks, community banks and credit unions. It also faces competition from savings institutions, mortgage banking firms and consumer finance companies and, with respect to deposits, from money market funds, brokerage firms, mutual funds and insurance companies. It also competes with fintech and Internet banking companies. Some of PB Bankshares’ competitors offer products and services that it currently does not offer, such as trust services and private banking. Properties Information about PB Bankshares’ physical properties is set forth below as of June 30, 2025.

| Location          |     | Leased or 
 Owned     |        |     | Year Acquired 
 or Leased     |      |
| Main Office:      |     |           |        |     |               |      |
| Coatesville       |     |           | Leased |     |               | 2022 |
| Other Properties: |     |           |        |     |               |      |
| New Holland (1)   |     |           | Owned  |     |               | 1995 |
| Oxford (1)        |     |           | Leased |     |               | 2024 |
| Christiana (1)    |     |           | Owned  |     |               | 2005 |
| Harrisburg (2)    |     |           | Leased |     |               | 2021 |
| Lancaster (3)     |     |           | Leased |     |               | 2024 |

| (1) | Branch location. |

| (2) | Loan production office. |

| (3) | Administrative office. |

Legal Proceedings From time to time, PB Bankshares is a party to various litigation matters incidental to the conduct of its business. As of June 30, 2025, PB Bankshares does not believe that any currently pending legal proceedings will have a material adverse effect on its business, financial condition