Eagle Financial Services, Inc. Announces Pricing of Common Stock Offering

BERRYVILLE, Va. , Feb. 6, 2025 /PRNewswire/ -- Eagle Financial Services, Inc. (OTCQX: EFSI) (the "Company"), parent company of Bank of Clarke, today announced the pricing of its previously announced underwritten public offering of 1,562,500 shares of its common stock at a public offering price of $32.00 per share. The expected proceeds to the Company, after deducting underwriting discounts and commissions but before deducting operating expenses payable by the Company, are approximately $47.0 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 234,375 shares of Company common stock at the public offering price, less underwriting discounts, and commissions.  The shares are expected to begin trading on the Nasdaq Capital Market on February 7, 2025 under the ticker symbol "EFSI."

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