Burke & Herbert Financial Services completes merger with Summit Financial Group

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Burke & Herbert Financial Services completes merger with Summit Financial Group

Burke & Herbert Financial Services Corp. (Nasdaq: BHRB) today announced the successful completion of its merger with Summit Financial Group, Inc. (Nasdaq: SMMF), marking a significant milestone in the history of both companies. Effective May 3, 2024, Summit Financial Group has merged with and into Burke & Herbert, including the merger of Summit Community Bank, […]

Burke & Herbert Financial Services and Summit Financial Group inch towards closing merger deal

By on    General business news  

Burke & Herbert Financial Services and Summit Financial Group inch towards closing merger deal

Burke & Herbert Financial Services Corp. (Nasdaq: BHRB) and Summit Financial Group, Inc. (Nasdaq: SMMF) announced they have secured all necessary regulatory approvals to finalize their merger of equals, previously announced on August 24, 2023. The deal, valued at approximately $371.5 million or $25.20 per share of Summit common stock, is based on the closing […]