---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-001612"
form_type: "8-K"
ticker: "NWFL"
cik: "0001013272"
company_name: "NORWOOD FINANCIAL CORP"
filed_at: "2026-01-05T23:59:59+00:00"
generated_at: "2026-05-16T11:36:55.092340+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Norwood Financial completes acquisition of PB Bankshares; $456M in assets added

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-001612
- form_type: 8-K
- ticker: NWFL
- cik: 0001013272
- company_name: NORWOOD FINANCIAL CORP
- filed_at: 2026-01-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013272/000119312526001612/0001193125-26-001612-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013272/000119312526001612/d68094d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-001612
- JSON: https://secwatch.observer/filing/0001193125-26-001612.json
- Plain text: https://secwatch.observer/filing/0001193125-26-001612.txt

## Source-grounded claims
- claim_id: e23765ac8fcb3d8183f1ec6679a1779fdc929032
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312526001612/0001193125-26-001612-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.