NORWOOD FINANCIAL Business Summary

Norwood Financial Corp (NWFL) operates as the bank holding company for Wayne Bank, generating revenue primarily through net interest income derived from a diversified portfolio of commercial and consumer loans, as well as non-interest income from service charges, mortgage banking, and wealth management fees. The company’s primary business segments include Community Banking—offering traditional retail and commercial products—and Wealth Management, which provides trust and investment services. Following the January 2026 acquisition of Presence Bank, the company expanded its footprint into Central Pennsylvania, reaching approximately $2.9 billion in total assets. NWFL competes directly with regional peers such as Old Second Bancorp (OSBC), FirstSun Capital Bancorp (FSUN), and Burke & Herbert Financial Services (BHRB), positioning itself as a high-touch, community-focused alternative with a conservative credit culture and a growing regional scale. The leadership team is headed by President and CEO James O. Donnelly, who joined in 2022 with over 30 years of banking experience, including a senior role at Bangor Savings Bank. Executive Vice President and CFO John M. McCaffery, appointed in 2024, brings three decades of financial leadership from various regional institutions. Following the 2026 merger, Janak M. Amin, formerly the CEO of Presence Bank, joined as EVP and Chief Operating Officer, while Larry Witt serves as EVP and Chief Information Officer. The Board of Directors is led by Chairman Dr. Andrew Forte and recently added Joseph W. Carroll and Spencer J. Andress from the Presence Bank board. Institutional investors, including BlackRock and Vanguard, maintain significant positions, reflecting the company’s long-standing reputation for consistent dividend growth and strategic M&A execution.