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Aug. 18, 2025
Nelson Mullins Represents Cecil Bancorp in $30M M&A Deal
Nelson Mullins represented Cecil Bancorp, Inc., parent company of Cecil Bank in Maryland, in signing a merger agreement with ENB Financial Corporation and its subsidiary bank Ephrata National Bank, for an all-cash purchase price of $30.8 million. The transaction was announced on Aug. 12, 2025.
Cecil Bank is a full-service community bank serving businesses, individuals, and community organizations. It operates four bank center locations spanning Cecil County, Maryland. As of June 30, 2025, Cecil Bank had approximately total assets of $222 million, total deposits of $192 million, and total loans of $163 million.
The Nelson Mullins team was led by partners Joe Howard and Ben Barnhill, and senior associate Troy Varrasse.
The transaction is expected to close in the first quarter of 2026.
Professionals in the News
Media Contact
Caroline Balchunas
T 843.534.4121
caroline.balchunas@nelsonmullins.com
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