Skadden is representing John Marshall Bancorp, Inc. (John Marshall), the parent company of John Marshall Bank, in its merger with Eagle Financial Services, Inc. (EFSI), the parent company of Bank of Clarke. The all-stock transaction is valued at approximately $253 million.
The transaction creates a $4.4 billion company with 23 banking offices spanning the Shenandoah Valley through Northern Virginia and adjacent Montgomery County, Maryland, to Washington, D.C. Closing is expected early in the first quarter of 2027, subject to customary closing conditions, including regulatory approvals and shareholder approval by both John Marshall and EFSI.
John Marshall Bank is a Virginia state-chartered bank headquartered in Reston, Virginia. Bank of Clarke is a Virginia state-chartered bank headquartered in Berryville, Virginia.
The Skadden team includes Michael Reed, Nicholas Colombo, Michael Wiseman, Jeffrey Brill and Mark Chorazak.