Partners Bancorp filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01 Other Events.
On November 16, 2023, Partners Bancorp (the “Company”) and LINKBANCORP, Inc. (“LINK”) issued a joint press release announcing receipt of regulatory approval from the Board of Governors of the Federal Reserve System, the final regulatory approval required to complete the previously announced merger of equals transaction under which the Company will merge with and into LINK in an all-stock transaction, with LINK as the surviving corporation in accordance with the Agreement and Plan of Merger, dated as of February 22, 2023 by and between LINK and the Company (the “Merger”). In connection with the Merger, The Bank of Delmarva and Virginia Partners Bank, the wholly-owned operating subsidiaries of the Company, will each merge with and into LINKBANK, the wholly-owned operating subsidiary of LINK, with LINKBANK as the surviving sole bank subsidiary of LINK. The Merger is expected to close on November 30, 2023, pending satisfaction of customary closing conditions. A copy of the joint press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Number | Description | |
| 99.1 | Joint Press Release dated November 16, 2023. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Partners Bancorp | ||
| Date: November 16, 2023 | By: | /s/ John W. Breda |
| John W. Breda | ||
| President and Chief Executive Officer | ||
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