On May 5, 2026, First Seacoast Bancorp, Inc. (“First Seacoast”), Dover, New Hampshire, and Cambridge Financial Group, Inc. (“Cambridge Financial”), Cambridge, Massachusetts, entered into a merger agreement pursuant to which First Seacoast will merge with and into Cambridge Financial in an all-cash transaction valued at approximately $80.9 million.

First Seacoast is the holding company for First Seacoast Bank and has approximately $600 million in assets with five banking offices in the Seacoast Region of New Hampshire.

Cambridge Financial is the holding company for Cambridge Savings Bank and has approximately $7 billion in assets with 19 banking offices in Massachusetts.

Luse Gorman is serving as legal counsel to First Seacoast in the transaction. The Luse Gorman team consists of Lawrence M.F. Spaccasi, Tom Hutton, Victor Cangelosi and Keeler Fina.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and on more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.