Mergers and Acquisitions (M&A): Burke & Herbert Financial Services Corp. (NASDAQ: BHRB) and LINKBANCORP, Inc. (NASDAQ: LNKB) Announce Agreement to Merge
Alexandria, Virginia – Burke & Herbert Bank has announced the acquisition of LINKBANK (https://www.linkbank.com/). According to the company announcement Burke & Herbert Financial Services Corp. is the financial holding company for Burke & Herbert Bank & Trust Company, which holds the distinction of being the oldest continuously operating bank under its original name headquartered in the greater Washington, D.C. metropolitan area. The bank currently operates over 75 branches across Delaware, Kentucky, Maryland, Virginia, and West Virginia. It provides a comprehensive suite of business and personal financial solutions, catering to customers’ diverse banking, borrowing, and investment requirements. The company is expanding its market position through a strategic merger with LINKBANCORP, Inc., which will significantly enhance its footprint by adding locations in Pennsylvania and expanding its presence across key Mid-Atlantic markets, resulting in over 100 total locations. This merger is expected to create a bank holding company with approximately $11.0 billion in total assets and $9.1 billion in total deposits on a pro forma basis. The leadership emphasizes a commitment to community banking and aims to deliver unparalleled value to customers, employees, communities, and shareholders.
To learn more about Burke & Herbert Bank, visit https://www.burkeandherbertbank.com/
Company LinkedIn Page: https://www.linkedin.com/company/burke-&-herbert-bank/
Company Contact:
Burke & Herbert Bank
100 S Fairfax St
Alexandria, VA 22314
855-571-5824
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