LINKBANCORP, Inc. And Partners Bancorp Announce Receipt Of FDIC And State Regulatory Approvals For Merger Of Equals; Link Anticipates Closing Merger In Q4 Of 2023
Portfolio Pulse from Benzinga Newsdesk
LINKBANCORP, Inc. (LNKB) and Partners Bancorp (PTRS) have received necessary regulatory approvals for their merger of equals. The approvals came from the Federal Deposit Insurance Corporation, the Pennsylvania Department of Banking and Securities, the Virginia State Corporation Commission, the Delaware Office of the State Bank Commissioner, and the Maryland Office of the Commissioner of Financial Regulation. The merger, which was previously approved by shareholders, remains subject to the approval of the Board of Governors of the Federal Reserve System and other customary closing conditions. The merger is expected to close in Q4 2023.
October 13, 2023 | 8:12 pm
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POSITIVE IMPACT
LINKBANCORP has received regulatory approvals for its merger with Partners Bancorp. The merger is expected to close in Q4 2023.
The receipt of regulatory approvals is a significant step towards the completion of the merger. This could potentially lead to increased investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Partners Bancorp has received regulatory approvals for its merger with LINKBANCORP. The merger is expected to close in Q4 2023.
The receipt of regulatory approvals is a significant step towards the completion of the merger. This could potentially lead to increased investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100