Troutman Pepper was legal counsel to Partners Bancorp (NASDAQ: PTRS) in its merger with LINKBANCORP, Inc. (NASDAQ: LNKB), an all-stock combination valued at approximately $167.8 million. Read a company press release about the merger agreement.
Partners Bancorp is the parent company of The Bank of Delmarva (and its division, Liberty Bell Bank), headquartered in Seaford, Delaware, and Virginia Partners Bank (and its division Maryland Partners Bank), headquartered in Fredericksburg, Virginia. LINKBANCORP, Inc. is the parent company of LINKBANK, a Pennsylvania state-chartered bank headquartered in Camp Hill, Pennsylvania. The proposed combination creates a preeminent Mid-Atlantic community bank with nearly $3 billion in assets.
The Troutman Pepper team advising Partners Bancorp in the merger includes Seth A. Winter (Corporate), Gregory Parisi (Corporate), Zayne Ridenhour Tweed (Corporate), Jason L. Langford (Corporate), Joseph A. Goldman (Corporate), William Mayo (Corporate), Lynda M. Crouse (Benefits), Constance Brewster (Benefits), Christopher Stock (Benefits), Mark A. Goldsmith (Tax), and Joel M. Post (Tax).