On February 22, 2023, LINKBANCORP, Inc., Camp Hill, Pennsylvania, entered into a merger agreement with Partners Bancorp, Salisbury, Maryland, pursuant to which Partners will merge with and into LINKBANCORP in an all-stock transaction valued at approximately $167.8 million.
LINKBANCORP, Inc. is the holding company for LINKBANK and has approximately $1.2 billion in total assets.
Partners Bancorp is the holding company for The Bank of Delmarva and Virginia Partners Bank and has approximately $1.6 billion in total assets.
Luse Gorman is serving as legal counsel to LINKBANCORP in the transaction. The Luse Gorman team consists of Benjamin Azoff, Greg Sobczak, Brendan Saxon and Max Seltzer.
Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.