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Linkbancorp - LNKB STOCK NEWS

Welcome to our dedicated page for Linkbancorp news (Ticker: LNKB), a resource for investors and traders seeking the latest updates and insights on Linkbancorp stock.

Linkbancorp, Inc. (LNKB) provides essential banking solutions through its subsidiary Linkbank, serving regional markets with personal and commercial financial services. This page aggregates official company announcements, regulatory filings, and market analyses to help stakeholders track LNKB’s strategic direction.

Key resources include earnings reports, merger and acquisition activity, leadership updates, and product launches. Users gain insights into the company’s treasury management innovations, loan portfolio trends, and community banking initiatives through verified press releases and third-party analyses.

Regular updates cover regulatory compliance milestones, branch network expansions, and partnerships impacting regional economic growth. Investors will find disclosures on capital management strategies and risk mitigation practices critical to assessing LNKB’s financial stability.

Bookmark this page for streamlined access to Linkbancorp’s evolving narrative in the competitive banking sector. Check back frequently for unfiltered updates directly affecting shareholder value and customer service advancements.

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LINKBANCORP, Inc. (LNKB) and Partners Bancorp (PTRS) have received regulatory approval from the Federal Reserve System for their merger. The all-stock transaction will result in Partners merging with and into LINK, with LINK as the surviving corporation. The Bank of Delmarva and Virginia Partners Bank will also merge with and into LINKBANK, with LINKBANK as the surviving sole bank subsidiary of LINK. The Merger is set to close on November 30, 2023, pending customary closing conditions.
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LINKBANCORP, Inc. reported net income of $1.24 million, or $0.08 per diluted share, for Q3 2023. Total deposits grew $6.9 million, or 2.66% annualized. Total loans grew $9.4 million, or 3.84% annualized. Net interest income was $8.4 million. The Company recorded a negative provision for credit losses of $349 thousand. The pending merger with Partners Bancorp received regulatory approvals.
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LINKBANCORP and Partners Bancorp receive regulatory approvals for merger
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LINKBANCORP reports Q2 2023 net income of $1.35 million. Total deposits grew 20.5% annualized. On-balance sheet liquidity increased to $123.2 million. Total loans grew 10.3% annualized. Net interest income was $8.1 million. Negative provision for credit losses of $493 thousand. Merger with Partners Bancorp approved.
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LINKBANCORP (NASDAQ: LNKB) and Partners Bancorp (NASDAQ: PTRS) announced a definitive agreement for an all-stock merger valued at approximately $167.8 million. Under the agreement, Partners shareholders will receive 1.15 shares of LINK for each share they hold. Post-merger, Partners shareholders will own about 56% of the combined entity, which will have nearly $3 billion in assets. The merger is expected to close in Q3 2023, subject to regulatory and shareholder approvals. The combined company aims to enhance service capability and operational scale while achieving significant financial benefits, including EPS accretion for both sets of shareholders.

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LINKBANCORP, Inc. and Partners Bancorp have announced a definitive merger agreement valued at approximately $167.8 million, combining their assets to create a leading Mid-Atlantic community bank with nearly $3 billion in assets. The all-stock transaction allows Partners' shareholders to receive 1.15 shares of LINK for each share they own. Post-merger, Partners will own approximately 56% and LINK will have 44% of the combined entity. Expected to close in Q3 2023, the merger aims to enhance profitability and operational scale while maintaining a regional-focused business model.

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LINKBANCORP, Inc. announced the appointment of Dee Bonora as Chief Technology Officer on February 15, 2023. With 25 years of experience in technology and software engineering, Bonora aims to drive innovation and enhance operational excellence within the company. CEO Andrew Samuel expressed excitement over her leadership, believing it will improve business functionalities and client experience. Bonora was attracted to LINKBANCORP's culture and commitment to positively impacting lives. The bank operates throughout Central and Southeastern Pennsylvania, serving a variety of clients.

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LINKBANCORP, Inc. (NASDAQ: LNKB) reported a net income of $696 thousand, or $0.05 per diluted share, for Q4 and $5.6 million, or $0.49 per diluted share, for the year ending December 31, 2022. Adjusted earnings for Q4 were $1.47 million, excluding merger expenses. The Board declared a quarterly cash dividend of $0.075 per share. Key highlights include a 30% annualized growth in net loans, a 49% increase in noninterest-bearing deposits, and a net interest margin of 3.36%. Total assets grew to $1.164 billion, with strong asset quality and capital ratios exceeding regulatory requirements.

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Linkbancorp

Nasdaq:LNKB

LNKB Rankings

LNKB Stock Data

240.71M
24.95M
33.32%
34.4%
0.98%
Banks - Regional
State Commercial Banks
Link
United States
CAMP HILL