Norwood Financial completes acquisition of PB Bankshares and Presence Bank.

Norwood Financial Corp, the holding company for Wayne Bank, has completed its acquisition of PB Bankshares and its subsidiary Presence Bank. PB Bankshares shareholders can choose to receive $19.75 in cash or 0.7850 shares of Norwood common stock for each share held. Fractional shares will be exchanged for cash at a rate of approximately $29.08 per share of Norwood common stock.