Burke & Herbert Financial Services Corp. acquisition of Linkbancorp, Inc.

Burke & Herbert Financial Services Corp. completed its acquisition of Linkbancorp, Inc. on 2026-05-01, according to the Form 8-K Burke & Herbert Financial Services Corp. filed with the SEC on 2026-05-01. The filing's Item 2.01 states no aggregate dollar price.

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What the filing says

- Completion of Acquisition or Disposition of Assets Effective on May 1, 2026 (the "Closing Date"), Burke & Herbert Financial Services Corp., a Virginia corporation ("Burke & Herbert"), completed its previously announced merger with LINKBANCORP, Inc., a Pennsylvania corporation ("LNKB"), pursuant to the Agreement and Plan of Merger dated December 18, 2025 between Burke & Herbert and LNKB (the "Merger Agreement").

More from the filing

Pursuant to the Merger Agreement, on the Closing Date, (i) LNKB merged with and into Burke & Herbert, with Burke & Herbert continuing as the surviving corporation (the "Merger"), and (ii) immediately following the Merger, LINKBANK, a Pennsylvania chartered commercial bank and a wholly-owned subsidiary of LNKB ("Link"), merged with and into Burke & Herbert Bank & Trust Company, a Virginia chartered bank ("Burke & Herbert Bank") and a wholly-owned subsidiary of Burke & Herbert, with Burke & Herbert Bank as the surviving bank (the "Bank Merger").

Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each LNKB share of common stock, par value $0.01 per share ("LNKB Common Stock") issued and outstanding immediately prior to the Effective Time, other than certain shares held by Burke & Herbert and LNKB, was converted into the right to receive 0.1350 shares (the "Exchange Ratio") of common stock, par value $0.50 per share, of Burke & Herbert ("Burke & Herbert Common Stock," and such shares, the "Merger Consideration").

Holders of LNKB Common Stock will receive cash in lieu of fractional shares of Burke & Herbert Common Stock in accordance with the terms of the Merger Agreement.

Quoted from Burke & Herbert Financial Services Corp.'s Form 8-K.

This is the only completed acquisition Burke & Herbert Financial Services Corp. reported under Item 2.01 in the last twelve months.

Where this comes from

A public company must file a current report on Form 8-K with the SEC within four business days of completing a significant acquisition or disposition of assets, under Item 2.01 of the report. The acquired company sometimes files one too, when the deal makes it a subsidiary of the buyer.

Every fact on this page is taken from one of those filings and linked to it: which company acquired which, the date the filing gives for completion, and the price when the filing states one in dollars, shown next to the sentence that states it. A filing states what was bought and on what terms; it rarely states why, and neither does this page.

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