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.

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

First Seacoast Bancorp, Inc. entered into Agreement and Plan of Merger with Cambridge Financial Group, Inc. (effective 2026-05-04).

Action: entry
Agreement: merger
Counterparty: Cambridge Financial Group, Inc.
Effective: 2026-05-04

Exact text from the filing

On May 4, 2026, First Seacoast Bancorp, Inc. (the “Company”), the holding company of First Seacoast Bank, and Cambridge Financial Group, Inc. (“Cambridge Financial”), the mutual holding company of Cambridge Savings Bank, entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which the Company will merge with Cambridge Financial, with Cambridge Financial as the surviving corporation (the “Merger”).

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First Seacoast Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-206551

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