Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 3

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 3
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 THIS DOCUMENT

This proxy statement/prospectus, which forms part of a registration statement on
Form S-4 filed by Norwood (File No. 333-290392) with the Securities and Exchange Commission (the “SEC”), constitutes a prospectus of Norwood
for purposes of the Securities Act of 1933, as amended (the “Securities Act”), with respect to the shares of Norwood common stock to be issued to PB Bankshares shareholders as stock consideration in exchange for their PB Bankshares
common stock. This proxy statement/prospectus also constitutes a proxy statement for PB Bankshares with respect to the PB Bankshares special meeting.

You should rely only on the information contained in or incorporated by reference into this proxy statement/prospectus. No one has been
authorized to provide you with information that is different from that contained in, or incorporated by reference into, this statement/prospectus. This proxy statement/prospectus is dated October 28, 2025. You should not assume that the information
contained in, or incorporated by reference into, this proxy statement/prospectus is accurate as of any date other than that date or the date of such incorporated information. Neither PB Bankshares’ mailing of this proxy statement/prospectus to
PB Bankshares shareholders nor the issuance by Norwood of shares of its common stock to PB Bankshares shareholders pursuant to the merger agreement will create any implication to the contrary.

This proxy statement/prospectus does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, or the solicitation of a proxy, in any jurisdiction in which or from any person to whom it is unlawful to make any such offer or solicitation in such jurisdiction. Information contained in this proxy statement/prospectus regarding Norwood and its subsidiaries has been provided by Norwood, and information contained in this proxy statement/prospectus regarding PB Bankshares and its subsidiaries has been provided by PB Bankshares.

PB Bankshares, Inc. 185 E. Lincoln Highway Coatesville, Pennsylvania 19320 (610) 384-8282 NOTICE OF SPECIAL MEETING OF STOCKHOLDERS To Be Held On December 10, 2025 Notice is hereby given that a Special Meeting of Stockholders of PB Bankshares, Inc., or PB Bankshares, will be held at PB Bankshares’ Administrative Office, located at 1570 Fruitville Pike, Suite 201, Lancaster, Pennsylvania on December 10, 2025 at 10:00 a