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Announced

Completed

LINKBANCORP completed the merge of GNB Financial Services in a $65m deal.

Financials

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Transaction Value£47m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Public

Merger

Single Bidder

bank holding company

Banks

Domestic

Completed

Majority

Friendly

Synopsis

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LINKBANCORP, a commercial bank holding company, completed the merger with GNB Financial Services, a banking products and services providing bank holding company, in a $65m deal. “This combination unites the rich and successful legacy of The Gratz Bank with the growth-oriented commercial bank model of LINKBANK, creating more career growth opportunities for employees; an expanded footprint with enhanced products and services for clients; an entrepreneurial company with strong earnings and attractive dividends for our shareholders; and the ability to contribute actively and generously in the communities we serve,” Andrew Samuel, LINKBANCORP CEO.

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