First Seacoast Bancorp to Merge with Cambridge Financial for $17.25 Cash Per Share

summarizeSummary

First Seacoast Bancorp has signed a definitive agreement to be acquired by Cambridge Financial Group, Inc. for $17.25 per share in an all-cash transaction, representing a premium for shareholders.

check_boxKey Events · M&A and Partnerships · FSEA

• Definitive Merger Agreement Signed

  First Seacoast Bancorp, Inc. will merge with Cambridge Financial Group, Inc., with Cambridge Financial as the surviving corporation. This follows the initial announcement on May 5, 2026.

• Shareholders to Receive Cash Premium

  Each share of First Seacoast Bancorp common stock will be converted into the right to receive $17.25 in cash, without interest. This price is above the current stock price of $16.64 and the 52-week high of $16.76.

• Subsidiary Bank Merger

  Simultaneously with or immediately following the merger, First Seacoast Bank will merge with Cambridge Savings Bank.

• Shareholder and Regulatory Approvals Required

  The merger is subject to customary closing conditions, including regulatory approval and First Seacoast Bancorp stockholder approval, with closing expected in the third quarter of 2026.

auto_awesomeAnalysis · FSEA · Finance

First Seacoast Bancorp has entered into a definitive merger agreement to be acquired by Cambridge Financial Group, Inc. for $17.25 per share in cash. This all-cash transaction, valued at approximately $80.9 million, represents a significant premium over the current trading price and the 52-week high, offering immediate and certain value to shareholders. The merger also includes the subsidiary banks, First Seacoast Bank and Cambridge Savings Bank. This filing formalizes the terms of the acquisition, which was previously announced via news wires and preliminary proxy materials, providing the definitive per-share cash consideration. The transaction is subject to regulatory and shareholder approvals and is expected to close in Q3 2026.