Norwood Financial Corp (NASDAQ:NWFL), the holding company for Wayne Bank, has announced that it has received the final regulatory approvals necessary to complete its acquisition of PB Bankshare and its subsidiary, Presence Bank.
This final approval follows the merger's green light from PB Bankshare shareholders on December 11, 2025.
With all key hurdles now cleared, the path is set for the final closing of the transaction.
Norwood Financial anticipates that the acquisition will officially close on or about January 5, 2026, subject only to the satisfaction of customary closing conditions.
Leadership from Norwood stated that the combination of the two financial institutions is strategically aimed at expanding products and services offered to their combined customer base.
The company looks forward to a seamless integration process and welcoming Presence Bank's customers and employees into the Norwood and Wayne Bank family.
The merger, originally announced in July 2025, is expected to create a combined entity with approximately $3 billion in assets, significantly extending Norwood’s geographic presence across Northeastern, Central, and Southeastern Pennsylvania.