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Burke & Herbert Announces Merger With LINKBANCORP

Story Highlights
  • Burke & Herbert and LINKBANCORP agreed on December 18, 2025 to an all-stock bank merger, with LINKBANCORP folding into Burke & Herbert and detailed equity award and governance arrangements set to integrate LNKB shareholders and executives.
  • The transaction, backed by unanimous board approvals, reciprocal director support agreements and a $14.2 million termination fee, is subject to shareholder and regulatory clearances and coincides with Burke & Herbert updating its bylaws to reset board size and remove legacy merger terms.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Burke & Herbert Announces Merger With LINKBANCORP

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An update from Burke & Herbert Bank & Company ( (BHRB) ) is now available.

On December 18, 2025, Burke & Herbert Financial Services Corp. and Pennsylvania-based LINKBANCORP, Inc. signed a definitive merger agreement under which LINKBANCORP will merge into Burke & Herbert in an all-stock transaction, followed immediately by the merger of LINKBANK into Burke & Herbert Bank & Trust Company, with Burke & Herbert and its bank remaining the surviving entities. Each share of LINKBANCORP common stock will be converted into 0.1350 shares of Burke & Herbert common stock in a transaction structured as a tax-free reorganization, with detailed treatment laid out for LNKB restricted stock, RSUs, options and warrants, including full vesting of most equity awards and the assumption of options and warrants by Burke & Herbert. Governance arrangements will expand Burke & Herbert’s boards to add directors from LINKBANCORP and bring senior LNKB and LINK executives into key roles at the surviving bank, reinforcing continuity and market expertise as Burke & Herbert deepens its footprint, particularly in Pennsylvania. The deal, unanimously approved by both boards, remains subject to shareholder approvals, multiple bank regulatory clearances, effectiveness of a registration statement and other customary closing conditions, and includes reciprocal support agreements from directors of both companies and a $14.2 million termination fee, signaling a strong commitment to completing a strategic combination that could enhance scale and competitive positioning in the regional banking sector. Separately, on December 18, 2025, Burke & Herbert amended and restated its bylaws to fix the board size between five and fifteen directors and to remove legacy provisions tied to its prior merger with Summit Financial Group, further aligning its governance structure with its current and prospective post-transaction profile.

The most recent analyst rating on (BHRB) stock is a Buy with a $76.00 price target. To see the full list of analyst forecasts on Burke & Herbert Bank & Company stock, see the BHRB Stock Forecast page.

Spark’s Take on BHRB Stock

According to Spark, TipRanks’ AI Analyst, BHRB is a Outperform.

Burke & Herbert Bank & Company is financially stable with strong profitability and effective cost management. The stock shows bullish technical indicators and is undervalued with an attractive dividend yield. Recent corporate events highlight strong financial results and strategic market expansion, contributing to a positive outlook.

To see Spark’s full report on BHRB stock, click here.

More about Burke & Herbert Bank & Company

Burke & Herbert Financial Services Corp. is a Virginia-based financial holding company whose primary subsidiary, Burke & Herbert Bank & Trust Company, is a Virginia-chartered commercial bank. The group provides traditional banking services including commercial and retail lending, deposit products and related financial services, and is listed on Nasdaq, positioning it as a regional player in Mid-Atlantic community and commercial banking markets.

Average Trading Volume: 51,997

Technical Sentiment Signal: Strong Buy

Current Market Cap: $1.04B

For an in-depth examination of BHRB stock, go to TipRanks’ Overview page.

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