09:14 AM EDT, 03/12/2026 (MT Newswires) -- Esquire Financial ( ESQ ) said Thursday it has agreed to acquire Signature Bancorp.

Under the terms of the deal, shareholders of Signature will receive a fixed exchange ratio of 2.63 shares of Esquire for each Signature share they held. The per-share value equates to $260.48 for Signature shareholders, or about $348.4 million in aggregate transaction value, based on the closing price of Esquire's common stock on March 11.

The deal, set to close in Q3, is expected to be about 11% accretive to Esquire's tangible book value.