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Burke & Herbert Amends Executive Retirement Plan Trust Structure

Story Highlights
  • Burke & Herbert Bank amended Summit executives’ SERP after the May 3, 2024 merger.
  • The bank terminated the existing rabbi trust but kept SERP benefits vested and future change-in-control protections intact.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Burke & Herbert Amends Executive Retirement Plan Trust Structure

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Burke & Herbert Bank & Company ( (BHRB) ) has shared an update.

On December 19, 2025, Burke & Herbert Bank & Trust Company amended the Supplemental Executive Retirement Plan (SERP) originally established for key executives of Summit Community Bank, Inc., which had merged into Burke & Herbert Bank on May 3, 2024. Following the merger, the SERP benefits fully vested and a “rabbi trust” had been created and funded to pay those obligations; under the newly executed amendment, Burke & Herbert and the participating executives agreed to terminate that trust and waive the requirement that such a trust be maintained specifically in connection with the Summit merger, while leaving all other SERP provisions intact, including full vesting of normal retirement benefits from the merger and the obligation to establish a new “rabbi trust” if Burke & Herbert itself undergoes a future change in control.

The most recent analyst rating on (BHRB) stock is a Buy with a $76.00 price target. To see the full list of analyst forecasts on Burke & Herbert Bank & Company stock, see the BHRB Stock Forecast page.

Spark’s Take on BHRB Stock

According to Spark, TipRanks’ AI Analyst, BHRB is a Outperform.

Burke & Herbert Bank & Company receives a strong overall score due to its solid financial performance, attractive valuation, and positive technical indicators. The strategic merger with LINKBANCORP and strong financial results further bolster its position. The stock’s upward momentum and undervaluation relative to peers make it an appealing investment opportunity.

To see Spark’s full report on BHRB stock, click here.

More about Burke & Herbert Bank & Company

Burke & Herbert Bank & Trust Company is a banking institution and wholly owned subsidiary of Burke & Herbert Financial Corp., operating in the financial services industry with a focus on traditional banking products and services.

Average Trading Volume: 56,374

Technical Sentiment Signal: Strong Buy

Current Market Cap: $994.4M

For an in-depth examination of BHRB stock, go to TipRanks’ Overview page.

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