John Marshall Bancorp to Merge with Eagle Financial Services in $253M All-Stock Deal
Virginia-based John Marshall Bancorp has agreed to merge with local peer Eagle Financial Services in an all-stock deal valued at approximately $253 million. The transaction, expected to close early in the first quarter of 2027, will create a combined entity with $4.4 billion in assets and 23 banking offices spanning Northern Virginia, the Shenandoah Valley, and Montgomery County, Maryland. The merger implies an exchange value of $46.72 per Eagle Financial Services share based on John Marshall's closing price as of September 4, 2026. The merged company will retain the name John Marshall Bancorp with its parent headquarters in Reston, Virginia and banking unit headquartered in Berryville, Virginia. Both companies' brands will remain intact. The combined board will consist of 12 directors split evenly between both organizations. Subject to regulatory approval and shareholder consent, this merger aims to enhance client services, employee opportunities, and community investment while maintaining local decision-making processes.
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Topics: banking corporate_deal financial_services