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Stock impact report

KBRA Comments on Burke & Herbert Financial Services Corp.'s Proposed Acquisition of LINKBANCORP, Inc. [Yahoo! Finance]

Burke & Herbert Financial Services Corp. (BHRB) 
NASDAQ:AMEX Investor Relations: skiburke.com
Company Research Source: Yahoo! Finance
rating of BBB / Stable Outlook), the parent company of Burke and Herbert Bank and Trust Company, announced a definitive merger agreement with LINKBANCORP, Inc. (NASDAQ: LNKB), the parent company of LINKBANK, pursuant to which BHRB will acquire LNKB in an all-stock transaction. The transaction, which had an estimated value of approximately $354 million, is expected to close in 2Q26. The proposed transaction would provide BHRB with meaningful scale, pushing the company beyond the $10 billion in asset threshold, with pro forma assets of $11.0 billion, loans of $8.0 billion, and deposits of $9.1 billion. Additionally, LNKB would expand BHRB's market of operations into parts of central and eastern PA while also deepening its presence across parts of the Eastern Shore of MD and DE. The expansion into these markets along with LNKB's solid funding base would enhance BHRB's existing deposit franchise that is considered by KBRA to be a key driver of the company's ratings. Notably, BHRB report Show less Read more
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