Eagle Financial Services, Inc. Announces Closing of Overallotment Option and Issuance of 234,375 Shares of Common Stock

BERRYVILLE, Va., Feb. 13, 2025 /PRNewswire/ -- Eagle Financial Services, Inc. (Nasdaq: EFSI) (the "Company"), parent company of Bank of Clarke, today announced that the underwriters for its recently completed public offering have exercised their overallotment option and completed the sale of an additional 234,375 shares of common stock at the public offering price of $32.00 per share. The expected proceeds to the Company in connection with the exercise of the option and the issuance of the additional shares, after deducting the underwriting discount and commissions but before deducting operating expenses payable by the Company, are approximately $7.1 million. The Company's common stock trades on the Nasdaq Capital Market under the ticker symbol "EFSI."

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