PB Bankshares Announces Merger with Norwood Financial Corp
PB Bankshares, Inc. has announced its merger with Norwood Financial Corp, effective July 7, 2025. Under the agreement, PB Bankshares will merge into Norwood, with Norwood as the surviving entity. Shareholders can choose between Norwood stock or cash, with a tax-free option for stock. The merger requires shareholder approval at a meeting on December 10, 2025, and the board recommends a favorable vote. PB Bankshares operates through Presence Bank and trades on NASDAQ as 'PBBK', with a market cap of $52.46M.
PB Bankshares, Inc. has announced its acquisition by Norwood Financial Corp, a Pennsylvania corporation, through a merger agreement signed on July 7, 2025. The merger will see PB Bankshares merge into Norwood, with Norwood as the surviving corporation, and Presence Bank merging into Wayne Bank, Norwood’s subsidiary. Shareholders of PB Bankshares will have the option to receive either Norwood common stock or cash for their shares, with the transaction structured to be largely tax-free for those opting for stock. The merger is subject to shareholder approval at a special meeting scheduled for December 10, 2025, and the board of PB Bankshares unanimously recommends voting in favor of the merger.
More about PB Bankshares
PB Bankshares, Inc. is a Maryland-based corporation with a focus on banking services through its wholly-owned subsidiary, Presence Bank. The company is involved in providing financial services and operates within the banking industry, trading on the NASDAQ Capital Market under the symbol ‘PBBK’.
Average Trading Volume: 11,527
Technical Sentiment Signal: Buy
Current Market Cap: $52.46M
For an in-depth examination of PBBK stock, go to TipRanks’ Overview page.
