Norwood Financial to merge with PB Bankshares in a $54.9m deal.

Norwood Financial, a bank holding company for Wayne Bank, agreed to merge with PB Bankshares, a holding company for Presence Bank, in a $54.9m deal. “We are equally excited for this strategic partnership and the opportunity to gain market share in Central and Southeastern Pennsylvania. This combination will provide our customers and communities with greater access to additional products and services. This will result in an enhanced customer experience for our commercial base and the opportunity to augment the retail portion of our business with their product set and consumer verticals,” Janak M. Amin, Presence President, CEO and Director.