Cambridge Financial Group, Inc. Completes Acquisition of First Seacoast Bancorp, Inc.
Business Wire•01/10/2026•07:30 ET
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Key Highlights
- ➤Acquisition of First Seacoast Bancorp (FSEA) completed, effective today
- ➤First Seacoast Bank merged into Cambridge Savings Bank, surviving institution
- ➤Combined organization now operates 24 full-service banking offices
- ➤Cambridge Savings Bank reaches approximately $7.5 billion in assets post-closing
- ➤Systems and account integration expected to be completed in 2027
Expert Statements
Ryan A. Bailey, President and Chief Executive Officer of Cambridge Savings Bank
“This marks an exciting new chapter for our organization and the communities we serve”
Ryan A. Bailey, President and Chief Executive Officer of Cambridge Savings Bank
“At the heart of both institutions is a shared belief in the power of relationships, knowing our customers, supporting our communities, and showing up when it matters most.”
Ryan A. Bailey, President and Chief Executive Officer of Cambridge Savings Bank
“First Seacoast Bank has long been a trusted presence in the Seacoast region, and we are honored to build upon that legacy while expanding our commitment to the people, businesses, and nonprofit organizations that call it home.”
Ryan A. Bailey, President and Chief Executive Officer of Cambridge Savings Bank
“One of the reasons this partnership is such a natural fit is our shared belief that strong banks help build strong communities”
Ryan A. Bailey, President and Chief Executive Officer of Cambridge Savings Bank
“By bringing together the best of both organizations, we are positioned to create even greater opportunities for our customers and communities while remaining true to the principle that has guided us for nearly two centuries: treating every customer like our only customer.”
Cambridge Financial Group, Inc. Completes Acquisition of First Seacoast Bancorp, Inc.
Uniting Two Community Banks – One Shared Commitment to Customers and Communities.
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