LINKBANCORP Announces Sale Of New Jersey Operations For ~$105M Of Deposits And $123M In Loans

5/9/24 5:26:30 PM ET

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LINKBANCORP, Inc. (NASDAQ:LNKB) ("LINK" or the Company), today announced that its wholly owned subsidiary, LINKBANK, entered into a definite purchase and assumption agreement under which American Heritage Federal Credit Union, based in Philadelphia, Pennsylvania, will acquire LINKBANK's banking operations and 3 branches in New Jersey. The transaction includes approximately $105 million of deposits and $123 million in loans.

The 3 branches were previously part of the Liberty Bell Bank division of The Bank of Delmarva, which merged with LINBANK as part of the Company's recent merger with Partners Bancorp.

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Recent Analyst Ratings for
$LNKB

Date	Price Target	Rating	Analyst
2/6/2023		Overweight → Neutral	Piper Sandler

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$LNKB
Leadership Updates

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LINKBANCORP Appoints Chief Risk Officer
CAMP HILL, Pa., May 7, 2024 /PRNewswire/ -- Andrew Samuel, CEO of LINKBANCORP, Inc. (the "Company"), has announced the appointment of Catherine Eisel as Chief Risk Officer of the Company and its banking subsidiary, LINKBANK. In her capacity as Chief Risk Officer, Eisel, who originally joined LINKBANK as Deputy Chief Risk Officer, will serve as a member of the Company's executive leadership team and report directly to Samuel. Her responsibilities will encompass overseeing all aspects of the Company's risk management program. Eisel has spent her entire career with the Federal D
5/7/24 4:15:00 PM ET
$LNKB
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LINKBANCORP, Inc. and Partners Bancorp Complete Transformational Combination
CAMP HILL, Pa., Dec. 1, 2023 /PRNewswire/ -- Andrew Samuel, Chief Executive Officer of LINKBANCORP, Inc. ("LINK") (NASDAQ:LNKB), parent company of LINKBANK, announced today the completion of the merger of Partners Bancorp ("Partners") (NASDAQ:PTRS) with and into LINK, and the merger of The Bank of Delmarva and Virginia Partners Bank with and into LINKBANK, effective November 30, 2023. "We are delighted with the closing of this transformational combination that establishes LINKBANK as a premier Mid Atlantic community bank franchise," said Samuel. "We look forward to moving forw
12/1/23 8:00:00 AM ET
$LNKB
$PTRS
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LINKBANCORP Appoints Chief Technology Officer
CAMP HILL, Pa., Feb. 15, 2023 /PRNewswire/ -- LINKBANCORP, Inc. announced the appointment of Dee Bonora as Chief Technology Officer. As Chief Technology Officer, Bonora will help drive innovation and operational excellence throughout the organization. With 25 years of technology and software engineering experience within the banking and other industries, she brings a wealth of knowledge to the Company. "We are thrilled to have Dee join the team," said Andrew Samuel, Chief Executive Officer. "Dee's experience, leadership and knowledge will help us continue to improve business f
2/15/23 9:45:00 AM ET
$LNKB
Major Banks
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LINKBANCORP, Inc. Announces Record Third Quarter Net Income of $7.1 Million
HARRISBURG, Pa., Oct. 28, 2024 /PRNewswire/ -- LINKBANCORP, Inc. (NASDAQ:LNKB) (the "Company"), the parent company of LINKBANK (the "Bank") reported record net income of $7.1 million, or $0.19 per diluted share, for the quarter ended September 30, 2024, demonstrating continued growth compared to net income of $5.8 million, or $0.16 per diluted share, for the linked quarter ended June 30, 2024. Excluding expenses associated with the sale of its New Jersey branches and branch consolidations, adjusted earnings were $7.2 million1, or $0.191 per diluted share for the third quarter of 2024, compared with $6.3 million1, or $0.171 per diluted share for the second quarter of 2024.
10/28/24 4:30:00 PM ET
$LNKB
Major Banks
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LINKBANCORP, Inc. Announces Second Quarter 2024 Earnings
HARRISBURG, Pa., July 29, 2024 /PRNewswire/ -- LINKBANCORP, Inc. (NASDAQ:LNKB) (the "Company"), the parent company of LINKBANK (the "Bank") reported net income of $5.8 million, or $0.16 per diluted share, for the quarter ended June 30, 2024. Excluding expenses associated with the sale of its New Jersey branches and additional branch consolidations, adjusted earnings were $6.3 million1, or $0.171 per diluted share for the second quarter of 2024. Second Quarter 2024 Highlights Total loans2 increased $63.6 million, or 11.4% annualized from $2.25 billion at March 31, 2024 to $2.3
7/29/24 4:40:00 PM ET
$LNKB
Major Banks
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LINKBANCORP, INC. Announces Sale of New Jersey Operations
CAMP HILL, Pa., May 9, 2024 /PRNewswire/ -- LINKBANCORP, Inc. (NASDAQ:LNKB) ("LINK" or the Company), today announced that its wholly owned subsidiary, LINKBANK, entered into a definite purchase and assumption agreement under which American Heritage Federal Credit Union, based in Philadelphia, Pennsylvania, will acquire LINKBANK's banking operations and 3 branches in New Jersey. The transaction includes approximately $105 million of deposits and $123 million in loans. The 3 branches were previously part of the Liberty Bell Bank division of The Bank of Delmarva, which merged wit
5/9/24 4:10:00 PM ET
$LNKB
Major Banks
Finance

LINKBANCORP, Inc. Announces Record Third Quarter Net Income of $7.1 Million
HARRISBURG, Pa., Oct. 28, 2024 /PRNewswire/ -- LINKBANCORP, Inc. (NASDAQ:LNKB) (the "Company"), the parent company of LINKBANK (the "Bank") reported record net income of $7.1 million, or $0.19 per diluted share, for the quarter ended September 30, 2024, demonstrating continued growth compared to net income of $5.8 million, or $0.16 per diluted share, for the linked quarter ended June 30, 2024. Excluding expenses associated with the sale of its New Jersey branches and branch consolidations, adjusted earnings were $7.2 million1, or $0.191 per diluted share for the third quarter of 2024, compared with $6.3 million1, or $0.171 per diluted share for the second quarter of 2024.
10/28/24 4:30:00 PM ET
$LNKB
Major Banks
Finance
LINKBANCORP, Inc. Announces Second Quarter 2024 Earnings
HARRISBURG, Pa., July 29, 2024 /PRNewswire/ -- LINKBANCORP, Inc. (NASDAQ:LNKB) (the "Company"), the parent company of LINKBANK (the "Bank") reported net income of $5.8 million, or $0.16 per diluted share, for the quarter ended June 30, 2024. Excluding expenses associated with the sale of its New Jersey branches and additional branch consolidations, adjusted earnings were $6.3 million1, or $0.171 per diluted share for the second quarter of 2024. Second Quarter 2024 Highlights Total loans2 increased $63.6 million, or 11.4% annualized from $2.25 billion at March 31, 2024 to $2.3
7/29/24 4:40:00 PM ET
$LNKB
Major Banks
Finance
LINKBANCORP, Inc. Announces Record First Quarter Earnings
HARRISBURG, Pa., April 29, 2024 /PRNewswire/ -- LINKBANCORP, Inc. (NASDAQ:LNKB) (the "Company"), the parent company of LINKBANK (the "Bank") reported net income of $5.73 million, or $0.15 per diluted share, for the quarter ended March 31, 2024. Excluding merger related expenses, adjusted earnings were $5.77 million1, or $0.161 per diluted share for the first quarter of 2024. First Quarter 2024 Highlights Net interest income before provision was $24.9 million for the first quarter of 2024, compared to $14.3 million in the fourth quarter of 2023. Net interest margin grew from 3
4/29/24 4:30:00 PM ET
$LNKB
Major Banks
Finance

LINKBANCORP Announces Sale Of New Jersey Operations For ~$105M Of Deposits And $123M In Loans

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Recent Analyst Ratings for $LNKB

$LNKB SEC Filings

Amendment: SEC Form SCHEDULE 13G/A filed by LINKBANCORP Inc.

LINKBANCORP Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

SEC Form 10-Q filed by LINKBANCORP Inc.

$LNKB Large Ownership Changes

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SEC Form SC 13G/A filed by LINKBANCORP Inc. (Amendment)

SEC Form SC 13G/A filed by LINKBANCORP Inc. (Amendment)

SEC Form SC 13G/A filed by LINKBANCORP Inc. (Amendment)

$LNKB Insider Purchases

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Director Parmer George bought $15,125 worth of shares (2,500 units at $6.05), gifted 961,538 shares and received a gift of 961,538 shares, increasing direct ownership by 1% to 191,488 units (SEC Form 4)

Chief Risk Officer Eisel Catherine bought $147,296 worth of shares (23,643 units at $6.23) (SEC Form 4)

Director Parmer George bought $21,560 worth of shares (3,500 units at $6.16), increasing direct ownership by 2% to 188,988 units (SEC Form 4)

$LNKB Leadership Updates

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LINKBANCORP Appoints Chief Risk Officer

LINKBANCORP, Inc. and Partners Bancorp Complete Transformational Combination

LINKBANCORP Appoints Chief Technology Officer

$LNKB Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Harrison Lloyd B. Iii sold $120,600 worth of shares (20,000 units at $6.03), decreasing direct ownership by 10% to 171,533 units (SEC Form 4)

Director Parmer George bought $15,125 worth of shares (2,500 units at $6.05), gifted 961,538 shares and received a gift of 961,538 shares, increasing direct ownership by 1% to 191,488 units (SEC Form 4)

Director Albertine Mona D. sold $29,442 worth of shares (4,741 units at $6.21), decreasing direct ownership by 12% to 36,353 units (SEC Form 4)

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LINKBANCORP, Inc. Announces Record Third Quarter Net Income of $7.1 Million

LINKBANCORP, Inc. Announces Second Quarter 2024 Earnings

LINKBANCORP, INC. Announces Sale of New Jersey Operations

LINKBANCORP downgraded by Piper Sandler

Stephens & Co. Reiterates Equal-Weight on Linkbancorp, Maintains $7.5 Price Target