LINKBANCORP, parent company of LINKBANK, and Partners Bancorp, a financial services company with two wholly-owned operating subsidiaries, The Bank of Delmarva and Virginia Partners Bank, announced that LINKBANCORP and Partners’ shareholders approved the merger of Partners with and into LINKBANCORP, with LINKBANCORP as the surviving corporation pursuant to the agreement and plan of merger, dated as of Feb. 22 by and between LINKBANCORP and Partners. The closing of the proposed merger remains subject to regulatory approvals and certain other customary closing conditions.
“We are grateful for the strong support of our shareholders, affirming the strategic significance of combining LINK and Partners in a transformational partnership to create a leading Mid-Atlantic community banking franchise,” Andrew S. Samuel, CEO and vice chairman of LINKBANCORP, said. “Together we will build on our shared heritage in community banking while providing greater strength, size and stability to serve local communities and to generate greater profitability and returns for our shareholders.”
“With this milestone, we are one step closer to creating a partnership that will benefit all stakeholders, including the communities we serve. We are excited about what the future holds for the combined company,” John W. Breda, president, CEO and director of Partners Bancorp, said.
