m_and_a
confidence high
sentiment positive
materiality 0.80
ENB Financial Corp acquires Cecil Bancorp for $30.8M all-cash ($1.85/share)
ENB Financial Corp
- Deal valued at ~$30.8M; each Cecil share gets $1.85 cash, subject to adjustments.
- Anticipates EPS accretion of ~17% in 2026 and ~18% in 2027 from cost savings and tax benefits.
- Cecil Bank had $222M in assets, $192M deposits, $163M loans as of June 30, 2025.
- Combined pro forma assets of $2.5B, deposits $2.1B, loans $1.6B; ENB to have 18 offices in PA and MD.
- Expected closing in Q1 2026, subject to Cecil stockholder and regulatory approvals.
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