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Stock impact report

Burke & Herbert to acquire LinkBank for $354M [Yahoo! Finance]

Burke & Herbert Financial Services Corp. (BHRB) 
NASDAQ:AMEX Investor Relations: skiburke.com
Company Research Source: Yahoo! Finance
Alexandria, Virginia-based Burke & Herbert Financial Services Corp. has agreed to buy Camp Hill, Pennsylvania-based LinkBancorp, parent company of LinkBank, for $354.2 million in stock, the companies said Thursday The deal would create a bank with $11 billion in assets, $9.1 billion in deposits and $8 billion in loans. It would give Burke & Herbert entry into Pennsylvania and a 100-branch footprint across six states. The transaction is expected to close in the second quarter of 2026. Acquiring LinkBank would add 24 branches and four loan production offices to Burke & Herbert's 75-location footprint. Link counts about $3.1 billion in assets, $2.7 billion in deposits and $2.5 billion in gross loans, according to an investor presentation The deal “marks another transformative milestone” for Burke & Herbert, said CEO David P. Boyle, bolstering the lender's profile as a Mid-Atlantic bank with a regional presence. “By uniting the strengths of Burke & Herbert and LINK, we are posi Show less Read more
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