John Marshall Bancorp agrees to buy Eagle Financial Services in $253M stock swap
John Marshall Bancorp agreed to buy Eagle Financial Services for about $253 million in stock. It will issue two shares valued at $46.72, based on Friday’s $23.36 closing price, for each Eagle share.
Reston-based John Marshall Bancorp said Tuesday it has agreed to buy fellow Virginia bank holding company Eagle Financial Services in a deal valued at about $253 million in stock. Under the terms disclosed, John Marshall will issue two shares for each Eagle share, with the exchange valued at $46.72 based on Friday's closing price of $23.36.