Esquire Financial to acquire Signature Bancorporation in all-stock merger

Esquire Financial Holdings, Inc.

Each Signature share will convert into 2.630 shares of ESQ common stock, adjustable between 2.50 and 2.80.
Signature termination fee of $15.0 million under certain circumstances.
Two Signature directors (Michael O’Rourke and Leonard Caronia) to join Esquire's board post-closing.
Signature executives enter 3-year lock-up agreements restricting share sales; voting agreements with directors and officers.
Transaction approved by both boards; subject to shareholder and regulatory approvals, expected Nasdaq listing of ESQ shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Esquire Financial Holdings, Inc. entered into Agreement and Plan of Merger with Signature Bancorporation, Inc. (effective 2026-03-11).

Action: entry
Agreement: merger
Counterparty: Signature Bancorporation, Inc.
Effective: 2026-03-11

Exact text from the filing

On March 11, 2026, Esquire Financial Holdings, Inc., a Maryland corporation (“Esquire”), Esquire Merger Sub, Inc., a Maryland corporation and a direct, wholly owned subsidiary of Esquire (“Merger Sub”), and Signature Bancorporation, Inc., an Illinois corporation (“Signature”), entered into an Agreement and Plan of Merger (the “Merger Agreement”).

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Esquire Financial Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-026781

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