---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-056988"
form_type: "8-K"
ticker: "LNKB"
cik: "0001756701"
company_name: "LINKBANCORP, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T06:35:58.292276+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# LINKBANCORP sells NJ operations ($123M loans, $105M deposits) to American Heritage FCU

## Summary
- Agreement to sell 3 New Jersey branches and $123M in loans; AHFCU assumes $105M in deposits.
- Deposit premium of ~7% of deposits assumed; transaction expected to close H2 2024.
- CEO Andrew Samuel says divestiture allows re-allocation of capital to core PA, MD, and VA markets.
- Branches were from the Liberty Bell Bank division acquired in the Partners Bancorp merger.
- Transaction subject to regulatory approvals and customary closing conditions.

## SEC filing metadata
- accession: 0000950170-24-056988
- form_type: 8-K
- ticker: LNKB
- cik: 0001756701
- company_name: LINKBANCORP, Inc.
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756701/000095017024056988/0000950170-24-056988-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756701/000095017024056988/lnkb-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-056988
- JSON: https://secwatch.observer/filing/0000950170-24-056988.json
- Plain text: https://secwatch.observer/filing/0000950170-24-056988.txt

## Key facts
- Material Agreements
  LINKBANCORP, Inc. entered into Agreement with American Heritage Federal Credit Union valued at approximately $123.0 million in loans, three branch locations (along with associated personal proper (effective 2024-05-09).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: American Heritage Federal Credit Union
  - Value: approximately $123.0 million in loans, three branch locations (along with associated personal proper
  - Effective: 2024-05-09
  source text: On May 9, 2024, LINKBANK, the banking subsidiary of LINKBANCORP, Inc. (the “Company”) entered into a purchase and assumption agreement (the “Agreement”) with American Heritage Federal Credit Union (“AHFCU”) pursuant to which AHFCU will purchase certain assets and assume certain liabilities (the “Transaction”) of the New Jersey operations of LINKBANK, including all three branch locations (including two branch leases).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1756701/000095017024056988/0000950170-24-056988-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.