Norwood Financial Corp completed its acquisition of PB Bankshares, Inc. on 2026-01-05, according to the Form 8-K Norwood Financial Corp filed with the SEC on 2026-01-05. The filing states a price of $456.4 million.
| Acquirer | Norwood Financial Corp |
|---|---|
| Acquired | PB Bankshares, Inc. |
| Completed | 2026-01-05 |
| Price stated in the filing | $456.4 million |
| Reported by | Norwood Financial Corp (NWFL), the buyer |
| Filing | Form 8-K, filed 2026-01-05 |
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What the filing says
On January 5, 2026, Norwood Financial Corp (the "Company") completed its acquisition of PB Bankshares, Inc. ("PB Bankshares") pursuant to the terms of the Agreement and Plan of Merger, dated July 7, 2025, by and among the Company, Wayne Bank, PB Bankshares and Presence Bank (the "Merger Agreement").
The price, in the filing's words
As of September 30, 2025, PB Bankshares had total assets of $456.4 million, deposits of $355.0 million and shareholders' equity of $51.3 million.
More from the filing
As a result of the merger, Norwood and Wayne Bank will extend its market footprint into Chester and Lancaster Counties in Pennsylvania.
The combined company will have approximately $2.9 billion in assets and 33 office locations.
Pursuant to the terms of the Merger Agreement, PB Bankshares was merged with and into the Company, with the Company as the surviving corporation of the merger (the "Merger").
Quoted from Norwood Financial Corp's Form 8-K.
This is the only completed acquisition Norwood Financial Corp reported under Item 2.01 in the last twelve months.
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Get the free SnapshotWhere this comes from
A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.
Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.
