An update from LINKBANCORP (LNKB) is now available.
LINKBANK is set to sell its New Jersey operations to American Heritage Federal Credit Union in a deal that includes $123 million in loans and three branches, with AHFCU assuming $105 million in deposits at a 7% premium. The transaction, expected to close in late 2024 pending regulatory approval, also involves asset and liability exchanges, with detailed terms and mutual indemnities agreed upon by both parties. This strategic move was announced in a recent press release and will be further discussed with investors and analysts using prepared presentation materials.
Find detailed analytics on LNKB stock on TipRanks’ Stock Analysis page.
