M&A · Financials · State Commercial Banks
Burke & Herbert Financial Services Corp. to acquire LINKBANCORP, Inc.
Announced Dec 18, 2025 · Closed Apr 30, 2026
Deal value$354M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock$9.38 per share
Transaction
- Acquirer
- Burke & Herbert Financial Services Corp. (BHRB)
- Target
- LINKBANCORP, Inc. (LNKB)
- Buyer type
- Strategic
- Offer price per share
- $9.38
- Enterprise value
- —
- Status
- Closed Apr 30, 2026
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- Stifel
- To the target
- Stephens
Sector context · Financials
- Comparable deals
- 67 in the prior 24 months
- Premium
- Sector median 41.5%
- EV / Adj. EBITDA
- Sector median 13.7x
- Break fee
- Sector median 3.7%
Timeline
- AnnouncedDec 18, 2025
- Proxy filedFeb 9, 2026
- Definitive proxyFeb 9, 2026
- Shareholder voteMar 25, 2026
- ClosedApr 30, 2026