Virginia-based John Marshall Bancorp has reached an agreement to merge with local peer Eagle Financial Services, the parent company of Bank of Clarke, in an all-stock deal valued at approximately $253 million. The transaction, based on John Marshall's closing share price of $23.36 on September 4, 2026, implies a value of $46.72 per Eagle Financial Services common share.

Upon completion, the combined entity will boast $4.4 billion in assets and operate 23 banking offices, extending its network from the Shenandoah Valley across Northern Virginia and into Montgomery County, Maryland, reaching the U.S. capital. The parent company will retain the name John Marshall Bancorp and be headquartered in Reston, Virginia, with its banking unit based in Berryville, Virginia. The shares will continue trading on Nasdaq under the symbol "JMSB." The deal is expected to close in early Q1 2027, pending reg