LINKBANCORP and Partners Bancorp obtain FDIC, state approvals for merger of equals

LINKBANCORP, Inc.

FDIC and state regulators (PA, VA, DE, MD) approved merger of Partners into LINK, all-stock deal.
Shareholders of both companies previously approved; Federal Reserve approval still required.
Closing expected in Q4 2023; surviving entity LINKBANCORP with combined bank operations.
Partners' bank subsidiaries will merge into LINKBANK, making it the sole bank subsidiary.
Merger announced Feb 22, 2023; receipt of these approvals is a key milestone.

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