Linkbancorp Shareholders to Vote on Merger Creating Regional Banking Powerhouse

Linkbancorp shareholders vote March 25, 2026, on all-stock merger with Burke & Herbert to create a combined $11 billion asset regional bank.

Linkbancorp has scheduled the definitive shareholder vote to approve its proposed all-stock merger with Burke & Herbert Financial Services Corp., marking a pivotal step toward forming a significant new entity in the regional banking landscape.

Key Vote Scheduled for March 2026

The transaction will be put to a vote at a special meeting of Linkbancorp shareholders on March 25, 2026. The company’s board of directors has unanimously recommended that shareholders approve the deal. Under the established terms, Linkbancorp investors will receive 0.1350 shares of Burke & Herbert common stock for each share of Linkbancorp they own.

Upon completion, current Linkbancorp shareholders are expected to hold an aggregate ownership stake of approximately 25% in the combined institution. The move reflects a broader industry trend toward consolidation, as regional banks seek greater scale and operational efficiency in a competitive market.

Final Dividend Declaration Ahead of Merger

In a separate announcement, Linkbancorp’s board declared a quarterly cash dividend of $0.075 per share. This payout will be distributed on March 16 to shareholders of record as of February 27. This dividend precedes the anticipated closing of the merger transaction.

Profile of the Combined Entity

The merged bank is projected to command a substantial balance sheet with total assets of about $11.0 billion and total deposits nearing $9.1 billion. Provided shareholders give their approval in March and all customary closing conditions are satisfied, the parties aim to finalize the merger in the second quarter of 2026.