First Seacoast Bancorp, Inc. filings document material events for the holding company of First Seacoast Bank. The company’s regulatory disclosures cover material agreements, shareholder voting matters, capital-structure items, governance changes, and operating and financial results related to its community banking business in New Hampshire.
As a savings and loan holding company, its disclosures also provide formal records around common-stock matters, executive succession and board oversight, and transaction-related events affecting the Bank’s balance sheet, facilities, and public-company status.
First Seacoast Bancorp, Inc. (FSEA) reported that SVP and Sr. CLO Timothy F. Dargan disposed of common shares and stock options to the issuer on October 1, 2026, under the merger agreement. The reported common-share amounts were 18,358 directly held shares, 5,179 shares held by an IRA, and 3,378 held by an ESOP; each issued and outstanding common share converted into the right to receive $17.25 cash consideration. The options—20,000 at an $8.06 exercise price and 20,500 at a $9.29 exercise price—converted into rights to receive $17.25 cash consideration less the applicable exercise price.
Richard M. Donovan, First Seacoast Bancorp, Inc.’s President and CFO, reported merger-related dispositions to the issuer on October 1, 2026. Common-stock entries were 23,358 shares held directly, 18,994 through a 401(k), 3,602 through an ESOP, 18,866 through an IRA and 5,325 through a Roth IRA; each carried a right to receive $17.25 cash consideration. Options covering 20,000 shares with an $8.06 exercise price and 23,000 shares with a $9.29 exercise price were converted into rights to receive $17.25 cash consideration less the applicable exercise price.
James R. Brannen reported disposition transactions in this Form 4 filing. First Seacoast Bancorp, Inc. Chief Executive Officer and director James R. Brannen reported that on October 1, 2026, 32,637 directly held common shares and shares held through an IRA (9,179), 401(k) (4,241), and ESOP (4,392) were converted under the merger into rights to receive $17.25 cash consideration per share; reported holdings after each common-stock transaction were zero. He also reported that 24,401 and 23,500 stock options were converted into rights to receive $17.25 less their respective $8.06 and $9.29 exercise prices.
First Seacoast Bancorp, Inc. (FSEA) is the issuer named in a Nasdaq Stock Market LLC Form 25 notification concerning removal of its common stock, par value $0.01 per share, from listing and/or registration on Nasdaq. Nasdaq certified that it had reasonable grounds to believe it met the requirements for filing the notification.
First Seacoast Bancorp, Inc. (FSEA) received the last regulatory approvals and waivers required to complete its merger into Cambridge Financial Group, Inc.; First Seacoast Bank is also to merge into Cambridge Savings Bank. Closing is expected on October 1, 2026, subject to the satisfaction of customary closing conditions. First Seacoast stockholders approved the transactions at a Special Meeting of Stockholders on August 27, 2026.
First Seacoast Bancorp, Inc. (FSEA) reports that stockholders held a Special Meeting on August 27, 2026 to vote on matters related to its proposed merger with Cambridge Financial Group, Inc. and Cambridge Savings Bank. The Agreement and Plan of Merger between Cambridge Financial Group, Inc. / Cambridge Savings Bank and First Seacoast Bancorp, Inc. / First Seacoast Bank was approved, receiving 3,425,942 votes for, 11,808 against, and 56,559 abstentions, with no broker non-votes. Stockholders also cast a non-binding, advisory vote approving compensation to named executive officers in connection with the merger transactions, with 2,496,093 votes for, 638,855 against, and 359,361 abstentions. In addition, a proposal to permit adjournment or postponement of the Special Meeting to solicit additional proxies for the merger proposal, if necessary or appropriate, was approved with 3,252,649 votes for, 179,817 against, and 61,843 abstentions.
First Seacoast Bancorp, Inc. received an amended Schedule 13G/A from Spence Limited reporting that it no longer holds any of the company’s common stock. Spence Limited lists 0 shares beneficially owned, representing 0% of the class, with no sole or shared voting or dispositive power.
The filing characterizes Spence Limited’s position as ownership of 5 percent or less of the common stock class, confirming that it is no longer a significant beneficial owner. The amendment is signed by Hope Lundt as Investment Advisor.
First Seacoast Bancorp, Inc. reported improved results for the quarter ended June 30, 2026 and entered into a cash merger agreement with Cambridge Financial Group, Inc. Quarterly net income was $249 thousand, compared with a net loss of $545 thousand a year earlier. For the first six months of 2026, the company recorded a net loss of $259 thousand versus a loss of $1,148 thousand in the prior-year period. Net interest and dividend income rose to $3,684 thousand in the quarter, aided by lower interest expense and a small release of credit loss provisions, while non-interest expenses declined modestly to $4,123 thousand.
Total assets were $576,115 thousand at June 30, 2026, down from $599,295 thousand at year-end 2025, reflecting lower cash and securities balances. Deposits totaled $454,200 thousand, and gross loans increased slightly to $421,864 thousand. The allowance for credit losses on loans was $3,428 thousand, and non-accrual loans were $128 thousand, below the $361 thousand level at December 31, 2025. Securities available-for-sale had a fair value of $133,783 thousand with gross unrealized losses of $7,806 thousand, which management attributes to noncredit factors.
On May 4, 2026, the company agreed to merge with Cambridge Financial. Each outstanding share of common stock will be converted into the right to receive $17.25 in cash, without interest. The transaction is subject to regulatory and stockholder approvals and other customary closing conditions, with closing expected in the third quarter of 2026.
First Seacoast Bancorp, Inc. is asking stockholders to approve its merger with Cambridge Financial Group, Inc. Under the Merger Agreement, each share of First Seacoast common stock will be converted at closing into $17.25 in cash, without interest, after which stockholders will no longer own First Seacoast shares.
The special meeting will be held on August 27, 2026, for stockholders of record as of July 10, 2026, when 4,692,591 shares were outstanding. Approval of the merger requires the affirmative vote of at least a majority of outstanding shares; failure to vote has the same effect as a vote against. Directors and certain officers have voting agreements covering about 6.6% of the vote. The board unanimously recommends voting in favor of the merger, an advisory vote on merger-related executive compensation, and an adjournment proposal if more time is needed to solicit proxies.
First Seacoast reported consolidated assets of $588.8 million, deposits of $459.0 million, and stockholders’ equity of $62.6 million as of March 31, 2026. Cambridge reported assets of $6.92 billion and deposits of $5.51 billion. A fairness opinion from Keefe, Bruyette & Woods concluded the $17.25 per-share consideration was fair from a financial point of view. The cash consideration generally will be taxable for U.S. federal income tax purposes. Closing is subject to stockholder approval and bank regulatory approvals; the Merger Agreement can be terminated under specified conditions, including if not completed by April 30, 2027, and may trigger a $3.5 million termination fee payable by First Seacoast in certain circumstances.