May 13, 2024

On May 9, 2024, LINKBANK, Camp Hill, Pennsylvania, entered into a definitive agreement to sell its three New Jersey branches to American Heritage Federal Credit Union. Under the agreement, LINKBANK will sell approximately $105 million in deposits and $123 million in loans. The deposit premium is 7%.

LINKBANK, the wholly-owned subsidiary of LINKBANCORP, Inc., operates in Pennsylvania, Maryland, Virginia and Delaware. LINKBANCORP, Inc. has approximately $2.8 billion in assets.

The Luse Gorman team consisted of Benjamin Azoff, Scott Brown, Brendan Saxon and Agata Troy.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.