Regulatory Alerts2026-04-10
Federal Reserve Board Approves Burke & Herbert Financial Services Corp. Merger with LINKBANCORP
The Federal Reserve Board approved the application by Burke & Herbert Financial Services Corp. to merge with LINKBANCORP, Inc., and its subsidiary bank to subsequently merge with LINKBANK while establishing branches at the target's locations. The combined organization will control approximately $9.0 billion in deposits, representing less than one percent of total U.S. insured depository institution deposits, and will remain well capitalized and well managed across its operations in Delaware, Maryland, Pennsylvania, Virginia, and West Virginia. Competitive analysis confirms the transaction will not significantly lessen competition or increase concentration in relevant banking markets, satisfying the statutory requirements for interstate bank mergers.