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 >
AGF Management Reports Higher Q4 Adjusted Diluted EPS And Revenue
AGF Management Reports Higher Q4 Adjusted Diluted EPS And Revenue
Jan 22, 2025
07:54 AM EST, 01/22/2025 (MT Newswires) -- AGF Management (AGF-B.TO) on Wednesday said fourth-quarter profit and revenue rose, driven by higher fair value adjustments and the consolidation of Kensington Capital Partners' (KCPL) financial results. Adjusted net income attributable to equity owners rose to $29.8 million for the three months ended Nov. 30, compared with $18.5 million in the prior year...
Allianz CEO says he expects less 'extortion' via fines under Trump govt
Allianz CEO says he expects less 'extortion' via fines under Trump govt
Jan 22, 2025
DAVOS, Switzerland Jan 22 (Reuters) - The CEO of German insurer Allianz said on Wednesday that U.S. President Donald Trump would be good for financial services and that he expected fewer regulatory fines than under Joe Biden's administration, which he called extortion. There was a lot more extortion under Biden than we expect under Trump, CEO Oliver Bate said on...
MTY Food Increases Quarterly Dividend by 18%
MTY Food Increases Quarterly Dividend by 18%
Jan 22, 2025
07:56 AM EST, 01/22/2025 (MT Newswires) -- MTY Food Group ( MTYFF ) on Wednesday raised its quarterly dividend 18% to $0.33 from $0.28 per share. The new dividend will be paid on Feb. 14. ...
Allianz CEO says he expects less 'extortion' from fines under Trump govt
Allianz CEO says he expects less 'extortion' from fines under Trump govt
Jan 22, 2025
DAVOS, Switzerland (Reuters) - The CEO of German insurer Allianz said on Wednesday that he expected fewer regulatory fines under U.S. President Donald Trump than under Joe Biden's administration, which he called extortion. Allianz in 2022 settled with U.S. authorities and agreed to pay $6 billion over allegations that its U.S. asset management unit defrauded investors in a group of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved