JMSB Sets November 19 Shareholder Vote on $253M Eagle Financial Merger
JMSB sits 24% above its 52-week low of $18.5 on elevated volume (2.0× avg).
Summary
JMSB's amended S-4 sets November 19, 2026 as the shareholder vote date for its $253 million all-stock acquisition of Eagle Financial Services, with closing expected in Q1 2027.
Key Events · M&A and Partnerships · JMSB
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Shareholder Vote Set for November 19
Both JMSB and EFSI shareholders will vote on the merger at virtual special meetings on November 19, 2026, with record date October 13, 2026.
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Merger Terms Confirmed
EFSI shareholders receive 2.00 JMSB shares per EFSI share, valuing the deal at approximately $253 million based on JMSB's $23.36 closing price on September 4, 2026.
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Pro Forma Financial Impact
The merger creates $61.1 million in goodwill, $34.1 million core deposit intangible, and $5.2 million customer relationship intangible, with $24.0 million in estimated transaction costs.
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Governance Structure
The combined bank will have a 12-member board split evenly between JMSB and EFSI directors, with Brandon C. Lorey as CEO and Kent D. Carstater as President.
Analysis · JMSB · Finance
The amended S-4 establishes the shareholder vote date of November 19, 2026 for the $253 million all-stock merger with Eagle Financial Services. The filing adds material details including the $10.1 million termination fee, pro forma financials showing $61.1 million in goodwill, and governance structure with a 12-member board split evenly between the two banks. The deal is expected to close in Q1 2027, creating a $4.4 billion combined bank.
How filings like this one have moved
In the 30 days to Oct 13, 2026, 29.1% of the 1502 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, JMSB was trading at $23.02 on NASDAQ in the Finance sector, with a market capitalization of approximately $323.6M. The 52-week trading range was $18.50 to $24.26. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.