LINKBANCORP and Partners Bancorp Receive Shareholder Approval for Merger
Shareholders of LINKBANCORP and Partners Bancorp approved the merger of Partners with and into LINKBANCORP, with LINKBANCORP as the surviving corporation.
Shareholders of LINKBANCORP and Partners Bancorp approved the merger of Partners with and into LINKBANCORP, with LINKBANCORP as the surviving corporation.
LINKBANCORP, parent company of LINKBANK, and Partners Bancorp 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 Feb. 21.
John W. Breda has succeeded Lloyd B. Harrison, III as CEO of Partners Bancorp, the parent company of The Bank of Delmarva, Seaford, DE, and Virginia Partners Bank, Fredericksburg, VA.
OceanFirst Financial and Partners Bancorp entered into a definitive agreement and plan of merger pursuant to which Partners will merge into OceanFirst, with OceanFirst surviving.