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Partners Bancorp - PTRS STOCK NEWS

Welcome to our dedicated news page for Partners Bancorp (Ticker: PTRS), a resource for investors and traders seeking the latest updates and insights on Partners Bancorp.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Partners Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Partners Bancorp's position in the market.

Rhea-AI Summary
LINKBANCORP, Inc. (NASDAQ: LNKB) completes the merger with Partners Bancorp (NASDAQ: PTRS) and its subsidiaries, The Bank of Delmarva and Virginia Partners Bank, establishing LINKBANK as a premier Mid Atlantic community bank franchise. The combined company now has approximately $2.8 billion in total assets, $2.3 billion in deposits, and $2.2 billion in loans, serving clients in Central and Southeastern Pennsylvania, Maryland, Delaware, Virginia, and Southern New Jersey through 31 client solution centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.46%
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Rhea-AI Summary
LINKBANCORP, Inc. (NASDAQ: LNKB) completes the merger with Partners Bancorp (NASDAQ: PTRS) and its subsidiaries, The Bank of Delmarva and Virginia Partners Bank, establishing LINKBANK as a premier Mid Atlantic community bank franchise. The combined company now has approximately $2.8 billion in total assets, $2.3 billion in deposits, and $2.2 billion in loans, serving clients in Central and Southeastern Pennsylvania, Maryland, Delaware, Virginia, and Southern New Jersey through 31 client solution centers.
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Rhea-AI Summary
LINKBANCORP, Inc. (LNKB) and Partners Bancorp (PTRS) have received regulatory approval from the Federal Reserve System for their merger. The all-stock transaction will result in Partners merging with and into LINK, with LINK as the surviving corporation. The Bank of Delmarva and Virginia Partners Bank will also merge with and into LINKBANK, with LINKBANK as the surviving sole bank subsidiary of LINK. The Merger is set to close on November 30, 2023, pending customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
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acquisition
Rhea-AI Summary
LINKBANCORP, Inc. (LNKB) and Partners Bancorp (PTRS) have received regulatory approval from the Federal Reserve System for their merger. The all-stock transaction will result in Partners merging with and into LINK, with LINK as the surviving corporation. The Bank of Delmarva and Virginia Partners Bank will also merge with and into LINKBANK, with LINKBANK as the surviving sole bank subsidiary of LINK. The Merger is set to close on November 30, 2023, pending customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
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Rhea-AI Summary
Partners Bancorp (NASDAQ: PTRS) reported net income of $4.5 million for Q3 2023, a 10.4% increase compared to the same period last year. The company also announced a pending merger with LINKBANCORP, Inc., which is expected to close in Q4 2023.
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Rhea-AI Sentiment
End-of-Day
1.97%
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Rhea-AI Summary
LINKBANCORP and Partners Bancorp receive regulatory approvals for merger
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Rhea-AI Summary
Partners Bancorp reports net income increase of 18.4% for Q2 2023 compared to Q2 2022. Pending merger with LINKBANCORP, Inc. to create combined company. Declares cash dividend of $0.04 per share. Adopts ASU 2016-13 accounting standard.
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Rhea-AI Sentiment
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-0.28%
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earnings
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1.69%
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1.13%
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acquisition
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-16.19%
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Partners Bancorp

Nasdaq:PTRS

PTRS Rankings

PTRS Stock Data

128.60M
8.89M
44.63%
23.62%
0.13%
Commercial Banking
Finance and Insurance
Link
United States
Salisbury

About PTRS

partners bancorp operates as the holding company for the bank of delmarva that provides financial services to individual and corporate customers in the united states. it offers time deposit, checking, money market, checking, savings, cash management, now, and ira accounts; and remote deposit capture and mobile deposit services. the company also provides lines of credit; commercial real estate loans; small business administration loans; term loans; business credit cards; mobile home, boats, rv, and motorcycle loans; purchase and refinance mortgage loans; bridge loans; equipment loans; letters of credit; home equity loans; us department of agriculture loans; new and used car loans; unsecured consumer loans; construction/permanent mortgage loans; and lot loans. in addition, it offers phone and mobile banking; atm/debit cards; internet banking and online bill payment services; merchant services; cash advance services; and atm services. the company operates 14 branches. the company was form