secwatch.observer — SEC 8-K summary
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Issuer:     LINKBANCORP, Inc. (LNKB)
CIK:        0001756701
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0000943374-23-000462
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 2.03, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LINKBANCORP closes merger with Partners Bancorp; combined company has $2.8B assets
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- Merger of Partners Bancorp into LINK completed Nov 30, 2023; Partners shareholders received 1.15 LINK shares per share.
- Combined company has approx. $2.8B total assets, $2.3B deposits, $2.2B loans, serving 31 branches across Mid-Atlantic.
- Ten former Partners directors appointed to LINK board; Jeffrey Turner named Vice Chairman.
- LINK assumed $17.8M of Partners' 6% subordinated notes due 2030 and $4.5M subordinated term loan due 2028.
- Andrew Samuel continues as CEO; John Breda named Market CEO for Delmarva Region; other regional presidents appointed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756701/000094337423000462/0000943374-23-000462-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756701/000094337423000462/form8k_113023.htm
  HTML page:      https://secwatch.observer/filing/0000943374-23-000462

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer