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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 26, 2025 |
LINKBANCORP, Inc.
(Exact name of Registrant as Specified in Its Charter)
Pennsylvania |
001-41505 |
82-5130531 |
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(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
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1250 Camp Hill Bypass, Suite 202 |
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Camp Hill, Pennsylvania |
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17011 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
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Registrant’s Telephone Number, Including Area Code: 855 569-2265 |
Not Applicable |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Common Stock, par value $0.01 |
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LNKB |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On March 26, 2025, LINKBANCORP, Inc. (the "Company") issued a press release announcing the receipt of all regulatory approvals to complete the previously announced purchase and assumption agreement (the "Transaction") with American Heritage Federal Credit Union relating to three New Jersey branch offices of the Company, including associated loans and deposits. The Transaction is expected to close on March 31, 2025, pending satisfaction of customary closing conditions.
A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(a) |
Financial statements of businesses acquired. None. |
(b) |
Pro forma financial information. None. |
(c) |
Shell company transactions. None. |
(d) |
Exhibits. |
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99.1 Press release dated March 26, 2025 |
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104 Cover Page Interactive Data File (embedded in the cover page formatted in Inline XBRL) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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LINKBANCORP, INC. |
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Date: |
March 26, 2025 |
By: |
/s/ Carl D. Lundblad |
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Carl D. Lundblad |
Exhibit 99.1
FOR IMMEDIATE RELEASE
LINKBANCORP, INC. Announces Receipt of Regulatory Approvals for New Jersey Branch Sale
March 26, 2025 - CAMP HILL, PA – LINKBANCORP, Inc. (NASDAQ: LNKB) (“LINK” or the “Company”), parent company of LINKBANK, has announced all regulatory approvals have been received to complete the previously announced sale of LINK’s New Jersey operations to American Heritage Federal Credit Union, headquartered in Philadelphia, Pennsylvania.
The transaction, which is anticipated to close on March 31, 2025, is subject to the fulfillment of customary closing conditions. This strategic sale includes three of the Company’s branches, along with the associated loans, deposits and fixed assets, acquired as part of the Company’s merger with Partners Bancorp in November, 2023.
ABOUT LINKBANCORP, Inc.
LINKBANCORP, Inc. was formed in 2018 with a mission to positively impact lives through community banking. Its subsidiary bank, LINKBANK, is a Pennsylvania state-chartered bank serving individuals, families, nonprofits and business clients throughout Pennsylvania, Maryland, Delaware, Virginia, and New Jersey through 27 client solutions centers and www.linkbank.com. LINKBANCORP, Inc. common stock is traded on the Nasdaq Capital Market under the symbol "LNKB". For further company information, visit ir.linkbancorp.com.
LINKBANCORP, Inc. Contact
Nick West
Director, Corporate Development
631-905-9857
nwest@linkbank.com
Forward Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of current or historical fact and involve substantial risks and uncertainties. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," and other similar expressions can be used to identify forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements include, but are not limited to the following: costs or difficulties associated with newly developed or acquired operations; risks related to the integration of the merger with Partners; changes in general economic trends, including inflation and changes in interest rates; increased competition; changes in consumer demand for financial services; our ability to control costs and expenses; adverse developments in borrower industries and, in particular, declines in real estate values; changes in and compliance with federal and state laws that regulate our business and capital levels; our ability to raise capital as needed; and the effects of any cybersecurity breaches. The Company does not undertake, and specifically disclaims, any obligation to publicly revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Accordingly, you should not place undue reliance on forward-looking statements.