LINKBANCORP, Inc. and Partners Bancorp to Combine in Transformational Merger of Equals

Provided By PR Newswire

Last update: Feb 22, 2023

Creating a Preeminent Mid-Atlantic Community Bank With Nearly $3 billion in Assets

CAMP HILL, Pa. and SALISBURY, Md., Feb. 22, 2023 /PRNewswire/ -- LINKBANCORP, Inc. ("LINK") (NASDAQ: LNKB), parent company of LINKBANK, and Partners Bancorp ("Partners") (NASDAQ: PTRS), a financial services company with two wholly-owned operating subsidiaries, The Bank of Delmarva and Virginia Partners Bank, announced today that they have entered into a definitive agreement under which the companies will combine in an all-stock combination, valued at approximately $167.8 million, based on LINK's 10 day volume-weighted average price of $8.08 as of February 21, 2023.