financetom
Business
financetom
/
Business
/
Linkbancorp Completes Sale of New Jersey Operations to American Heritage Federal Credit Union
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Linkbancorp Completes Sale of New Jersey Operations to American Heritage Federal Credit Union
Apr 1, 2025 7:58 AM

10:30 AM EDT, 04/01/2025 (MT Newswires) -- Linkbancorp ( LNKB ) said Tuesday its Linkbank unit has completed the sale of its banking operations and three branches in New Jersey to Philadelphia-based American Heritage Federal Credit Union.

The branches had roughly $87 million of deposits and $105 million in loans, the company said, adding that the transaction resulted in an estimated after-tax gain, net of transaction costs of about $8.5 million.

Price: 6.83, Change: +0.04, Percent Change: +0.66

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Qualcomm Confirms to London Stock Exchange it is Considering Making a Possible Offer for Alphawave IP Group
Qualcomm Confirms to London Stock Exchange it is Considering Making a Possible Offer for Alphawave IP Group
Apr 1, 2025
10:33 AM EDT, 04/01/2025 (MT Newswires) -- Qualcomm ( QCOM ) confirmed Tuesday in an information note to the London Stock Exchange it is considering making a possible offer for acquisition of UK-based Alphawave IP Group. There's no assurance that any firm offer will be made, Qualcomm ( QCOM ) said, nor of the terms on which any offer might...
Radiant Logistics Acquires USA Logistics, USA Carrier Services
Radiant Logistics Acquires USA Logistics, USA Carrier Services
Apr 1, 2025
10:28 AM EDT, 04/01/2025 (MT Newswires) -- Radiant Logistics ( RLGT ) said Tuesday it acquired USA Logistics Services and USA Carrier Services, which have operated as part of the company's Service By Air brand since 2014. Radiant said the transaction is structured so that a portion of the expected purchase price will be payable in subsequent periods based on...
Ellington Credit Converts to Closed-end Fund
Ellington Credit Converts to Closed-end Fund
Apr 1, 2025
10:31 AM EDT, 04/01/2025 (MT Newswires) -- Ellington Credit ( EARN ) said Tuesday it has completed its conversion to a Delaware-based closed-end fund under the Investment Company Act of 1940. As part of this change, the fund will sell its remaining agency mortgage-backed securities pools, buy more corporate collateralized loan obligations, and operate as a regulated investment firm for...
Linkbancorp Completes Sale of New Jersey Operations to American Heritage Federal Credit Union
Linkbancorp Completes Sale of New Jersey Operations to American Heritage Federal Credit Union
Apr 1, 2025
10:30 AM EDT, 04/01/2025 (MT Newswires) -- Linkbancorp ( LNKB ) said Tuesday its Linkbank unit has completed the sale of its banking operations and three branches in New Jersey to Philadelphia-based American Heritage Federal Credit Union. The branches had roughly $87 million of deposits and $105 million in loans, the company said, adding that the transaction resulted in an...
Copyright 2023-2026 - www.financetom.com All Rights Reserved