Federal Reserve Board announces approval of application by Linkbancorp, Inc
November 17, 2023 at 04:47 am EST
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Federal Reserve Board announces approval of application by Linkbancorp, Inc.
The Federal Reserve Board on Wednesday announced its approval of the application by Linkbancorp, Inc, of Camp Hill, Pennsylvania, to acquire and merge with Partners Bancorp, of Salisbury, Maryland, and thereby indirectly acquire its subsidiary banks, The Bank of Delmarva, of Seaford, Delaware, and Virginia Partners Bank, of Fredericksburg, Virginia.
Attached is the Board's order relating to this action.
For media inquiries, please email media@frb.gov or call 202-452-2955.
LINKBANCORP, Inc. is a bank holding company, which operates LINKBANK (the Bank). LINKBANK is a Pennsylvania-chartered, non-Federal Reserve member bank. The Bank is a full-service commercial bank providing personal and business lending and deposit services to individuals, families, nonprofits, and business clients throughout Central and Southeastern Pennsylvania, primarily through its digital presence on the Internet and ten client solutions centers in Chester, Cumberland, Dauphin, Lancaster, Northumberland, and Schuylkill counties, and loan production offices in Chester and York Counties. It provides traditional lending, deposit gathering and cash services to retail customers, small businesses, and non-profit organizations. Its lending activity consists of commercial real estate loans, commercial business loans and to a lesser extent, commercial real estate construction and land development loans, residential real estate loans, home equity loans, consumer loans and agriculture loans.