Burke & Herbert Financial Services Corp.
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Burke & Herbert Financial Services Corp. - overview
Established
1852
Location
Alexandria, VA, US
Primary Industry
Financial Services
About
Based in Virginia, US, and founded in 1852, Burke & Herbert Financial Services Corp. , a bank holding company for Burke & Herbert Bank & Trust Company, operates as a financial services company offering a full range of business, community, and personal banking solutions. Burke & Herbert is trading under the ticker symbol BHRB on the Nasdaq Capital Market. In August 2023, Summit Financial Group, Inc.
, a portfolio company of Castle Creek Capital Partners, merged with the firm, Burke & Herbert Financial Services Corp. in an all-stock merger-of-equals transaction. The firm as of August 2023, has 20 branches throughout the Northern Virginia region and commercial loan offices in Fredericksburg, Loudoun County, Richmond, and in Bethesda, Maryland, and is led by its President and CEO, David P. Boyle.
The company offers a range of personal, business, and wealth services, as well as tailored solutions to meet the financial needs of its customers. Under personal services, the bank offers accounts and servicing with both digital banking and card payment mode available, and loan and mortgage options. Under business solution, it offers accounts and services, loans like commercial, medical, government contracting, real estate, small business, etc. , and business and treasury management services.
Additionally, Burke & Herbert also offers other wealth services like digital investing, wealth management, estate planning and asset management, and private banking solutions.
Primary Industry
Financial Services
Sub Industries
Accounting Services, Commercial Banks, Consumer Finance, e-Financial, Mortgage Banking, Retail Banks
Website
www.burkeandherbertbank.com
Verticals
FinTech, FinTech, FinTech, FinTech
Total Amount Raised
Subscriber access only
Burke & Herbert Financial Services Corp. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Announced | Burke & Herbert Financial Services Corp., Summit Financial Group, Inc. | - |
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