Announced
Completed
Financials
Tags
United States
community banking
Banks
Acquisition
Merger
Domestic
Majority
Friendly
Public
Completed
Single Bidder
Synopsis
Burke & Herbert Financial Services, the bank holding company for Burke & Herbert Bank & Trust, completed the merger with Summit Financial, the financial holding company for Summit Community Bank, in a $371m deal. "The consummation of this partnership brings together two organizations committed to being the quintessential community bank in our markets, where we care about the people who live and work among us. We look forward to delivering increased value for our constituencies with an experienced and respected board, a seasoned management group, and a team of people dedicated to exceptional service," David P. Boyle, Burke & Herbert Chair, President and CEO.
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