WASHINGTON, D.C. – Troutman Pepper Locke advised Burke & Herbert Financial Services Corp. (Burke & Herbert) in connection with its definitive merger agreement with LINKBANCORP, Inc. (LINK), the parent company of LINKBANK. Under the agreement, Burke & Herbert will acquire LINK in an all-stock transaction valued at approximately $354.2 million. For more information, see the press release.
The merger will expand Burke & Herbert’s presence into Pennsylvania and significantly enhance the company’s existing footprint, resulting in more than 100 locations across Delaware, Kentucky, Maryland, Pennsylvania, Virginia, and West Virginia. The combined institution will create a bank holding company with pro forma total assets of approximately $11 billion and pro forma total deposits of approximately $9.1 billion.
The Troutman Pepper Locke team that advised Burke & Herbert included Greg Parisi, Seth Winter, Adrianna ScheerCook, Jason Langford, Sheri Adler, Tom Phelan, Laurenlee Dominguez, Keegan McCoy, and Lele Meng.
Troutman Pepper Locke’s Financial Services Group offers comprehensive support to financial services businesses in today’s challenging and ever-changing environment. Consistently recognized as a leading service provider to all segments of the financial services industry, the firm provides timely and practical counsel to guide clients with their most important decisions. From global financial institutions to small banks and non-bank financial service providers, clients depend on Troutman Pepper Locke to help them achieve their strategic and commercial goals while managing regulatory and litigation risk.
Troutman Pepper Locke
Troutman Pepper Locke helps clients solve complex legal challenges and achieve their business goals in an ever-changing global economy. With more than 1,600 attorneys in 30+ offices, the firm serves clients in all major industry sectors, with particular depth in energy, financial services, health care and life sciences, insurance and reinsurance, private equity, and real estate. Learn more at troutman.com.