Burke & Herbert Financial Services, the bank holding company for Burke & Herbert Bank & Trust, agreed to merge with Summit Financial, the financial holding company for Summit Community Bank, in a $371m deal. "This partnership brings together two organizations dedicated to a community banking model that places an emphasis on service and dedication to the people who live and work among us. The rich and storied history of our franchises and our combined financial strength creates a promising future for our customers through a broader set of products and services, for our employees with new and expanded opportunities for advancement, for our communities by having more resources to support and care for them, and for our shareholders due to favorable profitability metrics and a larger foundation for future growth. The senior management teams are looking forward to working together to deliver on our collective mission and I'm especially eager to work with Charlie who is a proven leader and industry veteran," David P. Boyle, Burke & Herbert Chair, President and CEO.