secwatch.observer — SEC 8-K summary
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Issuer:     John Marshall Bancorp, Inc. (JMSB)
CIK:        0001710482
Form:       8-K
Filed at:   2026-09-08T12:45:20+00:00
Accession:  0001552781-26-000472
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

JMSB to acquire EFSI in all-stock merger; each EFSI share gets 2.0 JMSB shares
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1710482/000155278126000472/0001552781-26-000472-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1710482/000155278126000472/e26378_jmsb-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-26-000472

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