NORWOOD FINANCIAL CORP (NWFL): M&A transaction — Norwood Financial completes acquisition of PB Bankshares; $456M in assets added

NORWOOD FINANCIAL CORP

Each PB Bankshares share converted to $19.75 cash or 0.7850 shares of NWFL; total consideration ~$10.5M cash + 1.67M NWFL shares.
87% of PB Bankshares shares elected stock; combined company has ~$2.9B assets and 33 offices.
Janak M. Amin appointed EVP & COO under 3-year employment agreement with $400K base salary and stay bonuses totaling $564K.
Joseph W. Carroll and Spencer J. Andress appointed to Norwood and Wayne Bank boards.
Larry W. Witt named EVP & CIO; Douglas L. Byers named EVP & Market President for Central PA.

item 2.01 item 5.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NORWOOD FINANCIAL CORP completed an acquisition involving PB Bankshares, Inc. for approximately $10.5 million in cash and approximately 1,670,000 shares of common stock of the Company (closed 2026-01-05).

Action: acquisition
Counterparty: PB Bankshares, Inc.
Consideration: approximately $10.5 million in cash and approximately 1,670,000 shares of common stock of the Company
Closing: 2026-01-05

Exact text from the filing

a share of common stock, par value $0.10 per share, of the Company. In the aggregate, the merger consideration paid to PB Bankshares shareholders will consist of approximately $10.5 million in cash and approximately 1,670,000 shares of common stock of the Company. Immediately following the Merger, Presence Bank was merged with and into Wayne Bank, a wholly-owned

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4 m&a transactions filed in the last 30 days. Browse all m&a transactions →

NORWOOD FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-26-001612

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