Mergers & Acquisitions ·
On September 7, 2026, Eagle Financial Services, Inc. (EFSI) and John Marshall Bancorp, Inc. (JMSB) entered into a…
EFSIEagle Financial Services Inc
On September 7, 2026, Eagle Financial Services, Inc. (EFSI) and John Marshall Bancorp, Inc. (JMSB) entered into a definitive Agreement and Plan of Merger for an all-stock transaction valued at approximately $253 million. Under the terms, each EFSI share converts to 2.0 shares of JMSB common stock, implying a consideration of $46.72 per EFSI share based on JMSB's September 4 closing price. The merger creates a combined entity with approximately $4.4 billion in assets and 23 banking offices across Virginia and Maryland. Key executives include Christopher W. Bergstrom as Executive Chairman and Brandon C. Lorey as CEO of the surviving corporation, John Marshall Bancorp, Inc., headquartered in Reston, Virginia. The transaction is subject to customary regulatory and shareholder approvals, with an expected closing in early 2027. Eagle Financial Services operates as a community bank holding company.