John Marshall Bancorp to merge with Eagle Financial Services in all-stock deal valued at $252.8M

Filed October 16, 2026 · ~1 min read

Key Changes

• high

  EFSI shareholders will receive 2.00 JMSB shares for each EFSI share, with cash for fractional shares.

  The Offering view on EDGAR →
• high

  JMSB expects to issue about 10.8 million shares, giving EFSI holders 43.4% and JMSB holders 56.6% of the combined company.

  Risk Factors verify on EDGAR →
• high

  KBW's fairness opinion used an indicative value of $46.72 per EFSI share, or $252.8 million aggregate, based on JMSB's September 4, 2026 closing price.

  Risk Factors verify on EDGAR →