Burke & Herbert Financial Services Corp. and LINKBANCORP, Inc. Announce Receipt of Regulatory Approvals and Closing Date for Merger
Rhea-AI Summary
Burke & Herbert Financial Services (Nasdaq: BHRB) and LINKBANCORP (Nasdaq: LNKB) said they have received all required regulatory approvals or waivers for their previously announced merger under the Agreement and Plan of Merger dated December 18, 2025.
The companies expect the merger to close on May 1, 2026, subject to customary closing conditions.
Positive
- All required regulatory approvals or waivers received
- Definitive merger agreement dated Dec 18, 2025
- Expected closing date set for May 1, 2026
Negative
- Closing remains subject to customary closing conditions
- Merger not completed until satisfaction of closing conditions
News Market Reaction – BHRB
In the Apr 13 session, BHRB gained 0.69%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Acquisition Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 25 | Merger shareholder approval | Positive | +0.3% | Both BHRB and LINK shareholders voted to approve the pending merger. |
| Dec 19 | KBRA deal commentary | Neutral | -2.4% | Rating agency outlined pro forma metrics and capital impact of LINK acquisition. |
| Dec 18 | LINK merger agreement | Positive | -5.2% | Announced all‑stock acquisition of LINKBANCORP and pro forma asset/deposit profile. |
| May 03 | Summit merger completion | Positive | +5.9% | Completed merger with Summit Financial Group to build a larger community bank platform. |
| Apr 19 | Summit approvals, date | Positive | +4.2% | Received regulatory approvals and set closing date for Summit merger of equals. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Acquisition-related headlines for BHRB have often led to modest moves, with some prior merger-approval/completion updates showing positive reactions while initial deal announcements sometimes saw weakness.
Over the past year, BHRB has used M&A as a core growth driver. The Dec 18, 2025 agreement to acquire LINKBANCORP and the Dec 19, 2025 KBRA commentary framed a pro forma franchise of $11.0 billion in assets. Subsequent updates, including shareholder approval on Mar 25, 2026, kept the deal on track. Earlier, the completed merger with Summit in May 2024 and associated regulatory-approval news showed that BHRB has previously executed and integrated a sizable combination.
Key Terms
regulatory approvals regulatory
Agreement and Plan of Merger regulatory
merger financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ALEXANDRIA, Va. and CAMP HILL, Pa., April 13, 2026 (GLOBE NEWSWIRE) -- Burke & Herbert Financial Services Corp. ("Burke & Herbert") (Nasdaq: BHRB) and LINKBANCORP, Inc. (“LINK”) (Nasdaq: LNKB) today announced receipt of all required regulatory approvals or waivers necessary to complete the previously announced merger pursuant to the Agreement and Plan of Merger, dated as of December 18, 2025, by and between Burke & Herbert and LINK. The merger is expected to close on May 1, 2026, pending satisfaction of customary closing conditions.
About Burke & Herbert
Burke & Herbert Financial Services Corp. is the financial holding company for Burke & Herbert Bank & Trust Company. Burke & Herbert Bank & Trust Company is the oldest continuously operating bank under its original name headquartered in the greater Washington, D.C. metropolitan area. With over 75 branches across Delaware, Kentucky, Maryland, Virginia, and West Virginia, Burke & Herbert Bank & Trust Company offers a full range of business and personal financial solutions designed to meet customers’ banking, borrowing, and investment needs. Learn more at investor.burkeandherbertbank.com.
About LINK
LINKBANCORP, Inc. was formed in 2018 with a mission to positively impact lives through community banking. Its subsidiary bank, LINKBANK, is a Pennsylvania state-chartered bank serving individuals, families, nonprofits and business clients throughout Pennsylvania, Maryland, Delaware, and Virginia through 24 client solutions centers. LINKBANCORP, Inc. common stock is traded on the Nasdaq Capital Market under the symbol “LNKB”.
Cautionary Note Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including with respect to (or based on) the beliefs, goals, intentions, and expectations of Burke & Herbert and LINK regarding the proposed transaction; and the expected timing of completion of the proposed transaction; and other statements that are not historical facts. Forward–looking statements are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “will,” “should,” and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Forward-looking statements include, without limitation, those relating to the terms, timing and closing of the proposed transaction. Additionally, forward–looking statements speak only as of the date they are made; Burke & Herbert and LINK do not assume any duty, and do not undertake, to update such forward–looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Furthermore, because forward–looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those indicated in or implied by such forward-looking statements as a result of a variety of factors, many of which are beyond the control of Burke & Herbert and LINK. Such statements are based upon the current beliefs and expectations of the management of Burke & Herbert and LINK and are subject to significant risks and uncertainties outside of the control of the parties. Caution should be exercised against placing undue reliance on forward-looking statements. The factors that could cause actual results to differ materially include the following: the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the definitive merger agreement between Burke & Herbert and LINK; the outcome of any legal proceedings that may be instituted against Burke & Herbert or LINK; the possibility that the proposed transaction will not close when expected or at all because required conditions to the closing are not satisfied on a timely basis or at all; the ability of Burke & Herbert and LINK to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the common stock of either or both parties to the proposed transaction; and the other factors discussed in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of each of Burke & Herbert’s and LINK’s Form 10-K for the year ended December 31, 2025, and other reports Burke & Herbert and LINK file with the SEC.
CONTACT:
Investor Relations
703-666-3555
bhfsir@burkeandherbertbank.com
