{"id":958092,"date":"2026-05-05T07:34:27","date_gmt":"2026-05-05T11:34:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cambridge-financial-group-inc-and-first-seacoast-bancorp-inc-agree-to-merge\/"},"modified":"2026-05-05T07:34:27","modified_gmt":"2026-05-05T11:34:27","slug":"cambridge-financial-group-inc-and-first-seacoast-bancorp-inc-agree-to-merge","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cambridge-financial-group-inc-and-first-seacoast-bancorp-inc-agree-to-merge\/","title":{"rendered":"Cambridge Financial Group, Inc. and First Seacoast Bancorp, Inc. Agree to Merge"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Cambridge Financial Group, Inc. and First Seacoast Bancorp, Inc. Agree to Merge<\/b><\/p>\n<p class=\"bwalignc\"><b><i>Two Community Banks: One Shared Mission<\/i><\/b><\/p>\n<p>CAMBRIDGE, Mass. &amp; DOVER, N.H.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCambridge Financial Group, Inc. (\u201cCambridge Financial\u201d), the mutual holding company of Cambridge Savings Bank, and First Seacoast Bancorp, Inc. (\u201cFirst Seacoast Bancorp\u201d) (Nasdaq: \u201cFSEA\u201d), the holding company of First Seacoast Bank, jointly announced today they have entered into a definitive merger agreement under which First Seacoast Bancorp will merge with Cambridge Financial, with Cambridge Financial as the surviving corporation, and First Seacoast Bank will merge with Cambridge Savings Bank, with Cambridge Savings Bank as the surviving institution.<\/p>\n<p>\nThe all-cash transaction is valued at approximately $80.9 million based on the number of shares of First Seacoast Bancorp common stock outstanding as of the date of the merger agreement. Under the terms of the merger agreement, First Seacoast Bancorp\u2019s stockholders will receive $17.25 in cash for each of their shares of common stock.<\/p>\n<p>\nThis transaction reflects two leading community financial institutions\u2019 strategic decisions to strengthen local banking. Rooted in nearly 200 years of trust, Cambridge Savings Bank has a proven history of building lasting relationships through meaningful customer experiences, while continuing to invest in the technologies and solutions that support modern banking.<\/p>\n<p>\n\u201cThis is an exciting period of growth for our organization,\u201d said Ryan A. Bailey, President and Chief Executive Officer of Cambridge Savings Bank. \u201cAt the heart of both institutions is a shared belief in the power of relationships \u2013 knowing our customers, supporting our communities, and showing up when it matters most. First Seacoast Bank has long been a trusted presence in the Seacoast region, and we\u2019re proud to build on that legacy \u2013 deepening our commitment to the people, businesses, and nonprofit organizations that call it home. Our goal remains the same: to treat every customer like our only customer, just as we have for nearly two centuries.\u201d<\/p>\n<p>\n\u201cOver the years we have witnessed exceptional growth in the greater Seacoast markets that we serve,\u201d said James R. Brannen, Chief Executive Officer of First Seacoast Bank. \u201cWe have been fortunate to play a role in that growth, and we truly believe that joining forces with Cambridge Savings Bank will allow us to preserve and better meet the expanding needs of the strong businesses and vibrant communities here in the Seacoast and beyond. This merger ensures community banking continuity for our customers while positioning Cambridge Savings Bank for future growth in an evolving and expanding economic landscape. Our mutual commitment to exceptional service and community engagement is an excellent basis that will allow us to move forward and remain true to the same values that have supported our success for the last 135 years.\u201d<\/p>\n<p>\nFollowing the merger, Cambridge Savings Bank will operate all of First Seacoast Bank\u2019s banking offices as branch offices and as part of a branch network of 24 full-service offices.<\/p>\n<p>\nThe merger is subject to customary closing conditions, including regulatory approval and First Seacoast Bancorp stockholder approval. Closing is expected to occur in the third quarter of 2026.<\/p>\n<p>\nPiper Sandler &amp; Co. is serving as financial advisor to Cambridge. Keefe, Bruyette &amp; Woods, a Stifel Company, is acting as First Seacoast Bancorp\u2019s financial advisor and has rendered a fairness opinion to its Board of Directors. Luse Gorman, PC is serving as legal counsel to First Seacoast Bancorp.<\/p>\n<p><b>About Cambridge Savings Bank<\/b><\/p>\n<p>\nCambridge Savings Bank is a full-service banking institution with approximately $7 billion in assets. As a community bank, Cambridge Savings Bank is committed to improving the quality of life of its employees, customers, and the communities it serves. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. For more information, visit <i><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cambridgesavings.com&amp;esheet=54528017&amp;newsitemid=20260505513758&amp;lan=en-US&amp;anchor=www.cambridgesavings.com&amp;index=1&amp;md5=0d622903a97f2b4a4169d78550a003ee\">www.cambridgesavings.com<\/a><\/i>.<\/p>\n<p><b>About First Seacoast Bank<\/b><\/p>\n<p>\nFounded in 1890, First Seacoast Bank is headquartered in Dover and has five branch offices in the Seacoast region of New Hampshire. For more information, visit <i><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.firstseacoastbank.com&amp;esheet=54528017&amp;newsitemid=20260505513758&amp;lan=en-US&amp;anchor=www.firstseacoastbank.com&amp;index=2&amp;md5=852745805056b85a5c8f77e8f59705a1\">www.firstseacoastbank.com<\/a><\/i>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements include statements regarding the anticipated closing date of the merger and anticipated future results. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like \u201cbelieve\u201d, \u201cexpect\u201d, \u201canticipate\u201d, \u201cestimate\u201d and \u201cintend\u201d or future or conditional verbs such as \u201cwill\u201d, \u201cwould\u201d, \u201cshould\u201d, \u201ccould\u201d or \u201cmay\u201d. Certain factors that could cause actual results to differ materially from expected results include delays in completing the merger; the failure to obtain necessary stockholder or regulatory approvals for the merger; difficulties in achieving expected cost savings from the merger or in achieving them within the expected time frame; difficulties in integrating First Seacoast Bancorp; increased competitive pressures; changes in market interest rates; changes in general economic conditions; legislative and regulatory changes that adversely affect the business in which Cambridge Financial and First Seacoast Bancorp are engaged; changes in the securities markets; and other risks and uncertainties.<\/p>\n<p><b>Additional Information<\/b><\/p>\n<p>\nFirst Seacoast Bancorp will provide its stockholders with a proxy statement and other proxy solicitation materials with respect to the merger. First Seacoast Bancorp\u2019s stockholders are urged to read the proxy statement and other proxy solicitation materials and any amendments or supplements to those documents because they will contain important information which should be considered before making any voting decision regarding the merger.<\/p>\n<p>\nFirst Seacoast Bancorp and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from First Seacoast Bancorp\u2019s stockholders in connection with the merger. Information about First Seacoast Bancorp\u2019s directors and executive officers is disclosed in First Seacoast Bancorp\u2019s Annual Report on Form 10-K for the year ended December 31, 2025, as amended by its Annual Report on Form 10-K\/A, as filed with the U.S. Securities and Exchange Commission on March 20, 2026 and April 30, 2026, respectively. Additional information regarding the interests of these participants and any other persons who may be deemed participants in the solicitation of proxies in connection with the merger may be obtained by reading the proxy statement regarding the merger when it becomes available.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260505513758r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260505513758\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260505513758\/en\/<\/a><\/span><\/p>\n<p>\nRyan A. Bailey<br \/>\n<br \/>President and Chief Executive Officer<br \/>\n<br \/>Cambridge Financial Group, Inc.<br \/>\n<br \/>(888) 418-5626<\/p>\n<p><span class=\"bwuline\">Investor Contact<\/span>:<br \/>\n<br \/>James R. Brannen<br \/>\n<br \/>Chief Executive Officer<br \/>\n<br \/>First Seacoast Bancorp, Inc.<br \/>\n<br \/>(603) 742-4680<br \/>\n<br \/><i><a rel=\"nofollow\" href=\"mailto:investorrelations@firstseacoastbank.com\">investorrelations@firstseacoastbank.com<\/a><\/i><\/p>\n<p><span class=\"bwuline\">Media Contacts<\/span>:<br \/>\n<br \/>Brennan Burks<br \/>\n<br \/>Communications &amp; Public Relations<br \/>\n<br \/>Cambridge Savings Bank<br \/>\n<br \/>(513) 795-4463<br \/>\n<br \/><i><a rel=\"nofollow\" href=\"mailto:bburks@cambridgesavings.com\">bburks@cambridgesavings.com<\/a><\/i><\/p>\n<p>\nTiffany L. Stackpole<br \/>\n<br \/>Marketing &amp; Public Relations<br \/>\n<br \/>First Seacoast Bank<br \/>\n<br \/>(603) 742-4680<br \/>\n<br \/><i><a rel=\"nofollow\" href=\"mailto:marketing@firstseacoastbank.com\">marketing@firstseacoastbank.com<\/a><\/i><\/p>\n<p><b>KEYWORDS:<\/b> New Hampshire Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Cambridge Financial Group, Inc. and First Seacoast Bancorp, Inc. Agree to Merge Two Community Banks: One Shared Mission CAMBRIDGE, Mass. &amp; DOVER, N.H.&#8211;(BUSINESS WIRE)&#8211; Cambridge Financial Group, Inc. (\u201cCambridge Financial\u201d), the mutual holding company of Cambridge Savings Bank, and First Seacoast Bancorp, Inc. (\u201cFirst Seacoast Bancorp\u201d) (Nasdaq: \u201cFSEA\u201d), the holding company of First Seacoast Bank, jointly announced today they have entered into a definitive merger agreement under which First Seacoast Bancorp will merge with Cambridge Financial, with Cambridge Financial as the surviving corporation, and First Seacoast Bank will merge with Cambridge Savings Bank, with Cambridge Savings Bank as the surviving institution. The all-cash transaction is valued at approximately $80.9 million based on the number of shares of First Seacoast Bancorp &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cambridge-financial-group-inc-and-first-seacoast-bancorp-inc-agree-to-merge\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cambridge Financial Group, Inc. and First Seacoast Bancorp, Inc. Agree to Merge&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-958092","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cambridge Financial Group, Inc. and First Seacoast Bancorp, Inc. Agree to Merge - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cambridge-financial-group-inc-and-first-seacoast-bancorp-inc-agree-to-merge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cambridge Financial Group, Inc. and First Seacoast Bancorp, Inc. Agree to Merge - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cambridge Financial Group, Inc. and First Seacoast Bancorp, Inc. Agree to Merge Two Community Banks: One Shared Mission CAMBRIDGE, Mass. &amp; DOVER, N.H.&#8211;(BUSINESS WIRE)&#8211; Cambridge Financial Group, Inc. (\u201cCambridge Financial\u201d), the mutual holding company of Cambridge Savings Bank, and First Seacoast Bancorp, Inc. (\u201cFirst Seacoast Bancorp\u201d) (Nasdaq: \u201cFSEA\u201d), the holding company of First Seacoast Bank, jointly announced today they have entered into a definitive merger agreement under which First Seacoast Bancorp will merge with Cambridge Financial, with Cambridge Financial as the surviving corporation, and First Seacoast Bank will merge with Cambridge Savings Bank, with Cambridge Savings Bank as the surviving institution. The all-cash transaction is valued at approximately $80.9 million based on the number of shares of First Seacoast Bancorp &hellip; Continue reading &quot;Cambridge Financial Group, Inc. and First Seacoast Bancorp, Inc. 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