Eagle Financial Services sells marine finance business to Axos Bank for $1.5M plus $61.8M loans

EAGLE FINANCIAL SERVICES INC

Asset purchase price $1.5M for servicing rights, client lists, and other assets of LaVictoire Finance.
Axos Bank acquired $61.8M (par value) marine dealer floor plan loans under separate Loan Purchase Agreement.
Bank of Clarke to continue servicing loans at 20 bps fee; two-year non-solicitation of employees.
Transaction closed August 23, 2023; Seller retains all other business lines.
No material financial guidance or earnings impact disclosed in the filing.

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