secwatch.observer — SEC 8-K summary
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Issuer:     NORWOOD FINANCIAL CORP (NWFL)
CIK:        0001013272
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0001193125-26-001612
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013272/000119312526001612/0001193125-26-001612-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013272/000119312526001612/d68094d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-001612

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