secwatch.observer — SEC 8-K summary
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Issuer:     LINKBANCORP, Inc. (LNKB)
CIK:        0001756701
Form:       8-K/A
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0000950170-24-016008
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LINKBANCORP completes Partners Bancorp merger; pro forma total assets $2.77B, EPS $0.50 for 9m 2023
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- Merger closed Nov 30; Partners shareholders received 1.15 LINK shares per share; total consideration ~$135.8M.
- Pro forma combined assets $2.77B, deposits $2.36B, equity $258M as of Sep 30, 2023.
- Pro forma net income for 9m ended Sep 30, 2023: $18.3M ($0.50 EPS); FY2022: $25.6M ($0.80 EPS).
- Goodwill of $23M and core deposit intangible of $25.3M recorded; merger costs ~$10.9M plus $9.7M CECL provision.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1756701/000095017024016008/0000950170-24-016008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1756701/000095017024016008/lnkb-20231130.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-016008

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