First Seacoast Bancorp, Inc.

First Seacoast Bancorp, Inc. announced that it has received the final regulatory approvals and waivers necessary to complete its merger with Cambridge Financial Group, Inc. and the merger of First Seacoast Bank with and into Cambridge Savings Bank. The company's stockholders had previously approved these transactions at a special meeting held on August 27, 2026. The closing of the merger is anticipated to take place on October 1, 2026, contingent upon the fulfillment of standard closing conditions.

First Seacoast Bancorp, Inc. and Cambridge Financial Group, Inc. announced a definitive merger agreement. Under the terms, First Seacoast Bancorp will merge with Cambridge Financial, and First Seacoast Bank will merge with Cambridge Savings Bank. First Seacoast Bancorp stockholders will receive $17.25 in cash per share, valuing the all-cash transaction at approximately $80.9 million. The merger is subject to regulatory and stockholder approval and is expected to close in the third quarter of 2026.

First Seacoast Bancorp, Inc. filed an amended 10-K detailing its corporate governance, executive compensation, and security ownership. The filing outlines the board structure, executive officer roles including James R. Brannen as CEO and Richard M. Donovan as President and CFO, and their 2025 compensation. It also provides information on equity incentive plans, outstanding awards, director compensation, and significant beneficial owners.