Eagle Financial Services jumps on $253 million buyout deal with John Marshall Bancorp

John Marshall Bancorp

08/09/2026 14:57

** U.S. bank Eagle Financial Services' EFSI.O shares jump 8.6% to $45.50
** John Marshall Bancorp JMSB.O will buy EFSI in a $253 million all-stock deal, creating a combined bank with $4.4 billion in assets
** EFSI shareholders will receive two shares of John Marshall for each share held, valuing the firm at $46.72 per share
** Deal represents a roughly 11.5% premium to EFSI’s closing stock price of $41.90 
** JMSB plans to quarterly cash dividend to $0.155 per share following deal close, which is expected in first quarter of 2027 
** Keefe, Bruyette & Woods advised John Marshall and Piper Sandler advised EFSI  
** As of last close, EFSI stock up 5.3% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))