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AI brief of an SEC Form 8-K · John Marshall Bancorp, Inc. (JMSB)

John Marshall Bancorp to acquire Eagle Financial Services in $253 million all-stock deal

Neutral Impact 5 of 5 m&a Written later

On September 7, 2026, John Marshall Bancorp (JMSB) and Eagle Financial Services (EFSI) signed a merger agreement under which EFSI will merge into JMSB in an all-stock transaction valued at about $253 million. The companies say the combined company would hold $4.4 billion in assets, and the deal requires shareholder and regulatory approvals before it can close, which is expected in early 2027.

Key points

  • Each EFSI share converts into 2.0 JMSB shares, an implied $46.72 per share based on JMSB's $23.36 close on September 4, 2026, a premium of about 11.5% to EFSI's $41.90 close.
  • The combined company would have a 12-member board, 6 from each company, with Christopher W. Bergstrom as Executive Chairman and Brandon C. Lorey as CEO.
  • Closing is expected early in the first quarter of 2027, subject to shareholder votes and approvals including from the Federal Reserve and the Virginia Bureau of Financial Institutions.
  • A $10,100,000 termination fee applies in certain circumstances, and either party may terminate if the mergers are not completed by September 30, 2027.

The filing

CompanyJohn Marshall Bancorp, Inc. (JMSB)
Form8-K, current report
Filed with the SECSep 8, 2026, 8:45 AM ET
Accession number0001552781-26-000472

Items reported: 1.01 Material Definitive Agreement5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.