M&A
confidence high
sentiment neutral
materiality 0.55
Burke & Herbert and Summit file regulatory material for merger; Q1 2024 close
Burke & Herbert Financial Services Corp.
- BHRB and SMMF submitted regulatory filings (including S-4) on Oct 2, 2023 for the merger announced Aug 24, 2023.
- Merger expected to close in Q1 2024, subject to regulatory and shareholder approvals.
- No changes to deal terms disclosed in this procedural update.
- Combined company will expand footprint across Virginia, West Virginia, and Maryland.