John Marshall Bancorp, Inc. and Eagle Financial Services, Inc. entered into a definitive merger agreement on September 7, 2026. The all-stock transaction values EFSI at approximately $253 million, with each EFSI share converting to 2.0 shares of John Marshall common stock based on a reference price of $23.36. The combined entity will have $4.4 billion in assets and operate 23 banking offices across Virginia and Maryland. Following closing, expected early in the first quarter of 2027, Brandon Lorey will serve as CEO and Christopher Bergstrom as Executive Chairman. John Marshall also announced an increase to its quarterly cash dividend to $0.155 per share. The company operates in the community banking industry.
