Norwood Financial Corp Extends its Pennsylvania Presence with Strategic Acquisition of PB Bankshares, Inc.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 07 2025
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Source: Newsfilter
Merger Announcement: Norwood Financial Corp and PB Bankshares, Inc. have agreed to merge, with Presence Bank becoming part of Wayne Bank, significantly expanding Norwood's presence in Central and Southeastern Pennsylvania, resulting in a combined asset total of approximately $3 billion.
Shareholder Details: Under the merger terms, 80% of Presence's shares will convert into Norwood stock, while the remaining 20% will be exchanged for cash, with the transaction valued at around $54.9 million and expected to enhance customer services and market share.
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About NWFL
Norwood Financial Corp. is a holding company for Wayne Bank (the Bank). The Bank offers a variety of personal and business credit services, trust and investment products and real estate settlement services to consumers, businesses, nonprofit organizations, and municipalities in each of the communities that it serves. The Bank operates over 33 offices, which primarily serve the northeastern Pennsylvania counties of Wayne, Pike, Monroe, Lackawanna and Luzerne, Chester, Lancaster Counties, and Susquehanna County, in addition to the New York counties of Delaware, Sullivan, Ontario, Otsego and Yates. In addition, the Bank operates automated teller machines at 30 branch facilities plus one machine at an off-site location. The Bank operates a Wealth Management/Trust Department, which provides estate planning, investment management and financial planning to customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
