First Seacoast Bancorp jumps after Cambridge Financial's $80.9 mln deal

First Seacoast Bancorp

05/05/2026 14:07

** Shares of First Seacoast Bancorp FSEA.O up 41.9% at $16.66 premarket

** The bank agreed to a $80.9 million all‑cash deal from Cambridge Financial Group, the holding company of Cambridge Savings Bank

** FSEA shareholders will receive $17.25 in cash per share, a ~49% upside from the stock's last closing price

** Under the agreement, First Seacoast Bank will merge into Cambridge Savings Bank

** Deal expected to close in Q3 of 2026

** As of last close, FSEA stock down 11% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))