8-K
filed September 8, 2026, 8:45 AM ET
ticker JMSB
CIK 0001710482
M&A
confidence high
sentiment neutral
materiality 0.90
JMSB to acquire EFSI in all-stock merger; each EFSI share gets 2.0 JMSB shares
John Marshall Bancorp, Inc.
- Merger agreement signed Sept 7, 2026: each EFSI share converts to 2.00 JMSB shares; cash for fractional shares.
- Termination fee of $10.1M payable under certain circumstances; closing expected by Sept 30, 2027.
- Leadership: Bergstrom becomes Executive Chairman; Lorey (EFSI CEO) becomes JMSB CEO; Carstater promoted to President/COO.
- Voting agreements: EFSI insiders hold ~5.97% of EFSI shares; JMSB insiders hold ~12.73% of JMSB shares.
- Closing conditions include shareholder and regulatory approvals (Federal Reserve, Virginia BFI).
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kent Carstater changed role as President of JMSB and Chief Operating Officer of John Marshall Bank at John Marshall Bancorp, Inc..
- Action
- promoted
- Role
- President of JMSB and Chief Operating Officer of John Marshall Bank
Exact text from the filing
Kent Carstater Senior Executive Vice President, Chief Financial Officer of JMSB and John Marshall Bank will be promoted to the position of President of JMSB and Chief Operating Officer of John Marshall Bank.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Brandon Lorey was appointed as Chief Executive Officer of JMSB and John Marshall Bank at John Marshall Bancorp, Inc..
- Action
- appointed
- Role
- Chief Executive Officer of JMSB and John Marshall Bank
Exact text from the filing
Brandon Lorey (current President and Chief Executive Officer of EFSI and Bank of Clarke) will be appointed Chief Executive Officer of JMSB and John Marshall Bank
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Nicholas Smith was appointed as Chief Financial Officer of JMSB and John Marshall Bank at John Marshall Bancorp, Inc..
- Action
- appointed
- Role
- Chief Financial Officer of JMSB and John Marshall Bank
Exact text from the filing
Nicholas Smith will be appointed Chief Financial Officer of JMSB and John Marshall Bank.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph Zmitrovich was appointed as President of John Marshall Bank and Chief Revenue Officer of JMSB at John Marshall Bancorp, Inc..
- Action
- appointed
- Role
- President of John Marshall Bank and Chief Revenue Officer of JMSB
Exact text from the filing
Joseph Zmitrovich (current President and Chief Banking Officer of EFSI and Bank of Clarke) will be appointed President of John Marshall Bank and Chief Revenue Officer of JMSB.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher Bergstrom was appointed as Executive Chairman of JMSB and John Marshall Bank at John Marshall Bancorp, Inc..
- Action
- appointed
- Role
- Executive Chairman of JMSB and John Marshall Bank
Exact text from the filing
Christopher Bergstrom will step down as President and Chief Executive Officer of JMSB and John Marshall Bank and will be appointed Executive Chairman of JMSB and John Marshall Bank.
View on SEC.gov
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