---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-22-013543"
form_type: "8-K"
ticker: "EFSI"
cik: "0000880641"
company_name: "EAGLE FINANCIAL SERVICES INC"
filed_at: "2022-04-05T23:59:59+00:00"
generated_at: "2026-06-26T09:38:13.572705+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Eagle Financial Services completes $30M subordinated notes offering

## Summary
- Issued $30M aggregate principal of 4.50% Fixed-to-Floating Rate Subordinated Notes due April 1, 2032.
- Fixed rate 4.50% through April 1, 2027, then resets quarterly to 3-month SOFR plus 235 bps.
- Company may redeem at par on any interest payment date starting April 1, 2027.
- Proceeds for general corporate purposes and capital contribution to Bank of Clarke County.
- Notes intended to qualify as Tier 2 capital for regulatory purposes.

## SEC filing metadata
- accession: 0001564590-22-013543
- form_type: 8-K
- ticker: EFSI
- cik: 0000880641
- company_name: EAGLE FINANCIAL SERVICES INC
- filed_at: 2022-04-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/880641/000156459022013543/0001564590-22-013543-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/880641/000156459022013543/efsi-8k_20220331.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-22-013543
- JSON: https://secwatch.observer/filing/0001564590-22-013543.json
- Plain text: https://secwatch.observer/filing/0001564590-22-013543.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.