m_and_a
confidence high
sentiment positive
materiality 1.00
First Seacoast Bancorp acquired by Cambridge Financial for $17.25/share cash (~$80.9M)
First Seacoast Bancorp, Inc.
- Stockholders to receive $17.25 cash per share; total deal value approx. $80.9M.
- Merger expected to close in Q3 2026, subject to regulatory and stockholder approval.
- Directors and certain officers entered voting agreements to support the deal.
- FSEA must pay Cambridge Financial a $3.5M termination fee under specified conditions.
- Combined institution will operate 24 full-service branches across NH and MA.
item 1.01item 8.01item 9.01