The merger is expected to close in the third quarter of 2023.
Camp Hill-based Linkbank/Linkbancorp has announced that it plans to merge with Partners Bancorp., a financial services company with two wholly-owned operating subsidiaries, The Bank of Delmarva and Virginia Partners Bank. The merger will take LinkBank into Maryland, Virginia and Delaware.
The combined bank holding company will operate under the Linkbancorp Inc. name and the bank subsidiary will operate as Linkbank. Each of Partners’ subsidiary banks will merge with and into Linkbank. The corporate headquarters of the combined bank holding company and combined bank entity will remain in Camp Hill.The combined company will trade under the Linkbancorp Inc. ticker symbol “LNKB” on The Nasdaq Stock Market.
Joseph C. Michetti Jr., Link’s current chairman, will continue to serve as chairman of the combined company board of directors. Jeffery F. Turner, Partner’s current chairman, will serve as vice chairman of the combined company board of directors until September 2024, when Turner will be appointed chairman of Link.
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