(Note: This is NOT an IPO. This is a NASDAQ uplisting from the Pink Open Market of the OTC Markets Group, where the stock trades under the symbol “LNKB”. IPOScoop has NO CALL on uplisting/public offerings.)
LINKBANCORP, Inc. is the holding company for The Gratz Bank, a Pennsylvania state-chartered commercial bank headquartered in Camp Hill, Pennsylvania.
We are a Pennsylvania corporation headquartered in Camp Hill, Pennsylvania, and formed in 2018 with a mission to positively impact lives through community banking. In October 2018, we completed the acquisition of Stonebridge Bank, which was subsequently named LINKBANK. In September 2021, LINKBANCORP and GNB Financial Services, Inc., or GNBF, completed a strategic combination, resulting in The Gratz Bank becoming our wholly owned subsidiary. We are a bank holding company registered under the Bank Holding Company Act of 1956, as amended, or the BHC Act.
The Gratz Bank is a Pennsylvania state-chartered commercial bank offering personal and business lending and deposit services to individuals, families, nonprofit and business clients throughout Central and Southeastern Pennsylvania, primarily through our digital presence on the Internet and 10 client solutions centers (our branches) in Chester, Cumberland, Dauphin, Lancaster, Northumberland and Schuylkill Counties. The Gratz Bank also has a loan production office in York, Pennsylvania. In markets other than those serviced pre-Merger by The Gratz Bank, the Bank operates as “LINKBANK, a division of The Gratz Bank.” The Bank intends to legally change its name to LINKBANK in November 2022 to create one single brand, subject to the receipt of applicable regulatory approvals.
As of June 30, 2022, our consolidated assets totaled $1.1 billion, while our net loans totaled $786.5 million, our deposits totaled $902.4 million, and our shareholders’ equity totaled $104.8 million.
** Note: Revenue and net income figures are for the 12 months that ended June 30, 2022.
(Note: LINKBANCORP priced its public offering/NASDAQ uplisting at $7.50 – below the bottom of its $8.00-to-$9.50 range – and sold 4.58 million shares (4,575,000 shares) – the same number of shares in the prospectus – to raise $34.31 million. The offering raised about $7 million less than the estimated proceeds based on the $8.75 mid-point price. LINKBANCORP filed its S-1 on Sept. 7, 2022.)
|Address||3045 Market Street Camp Hill, PA 17011|
|Phone Number||(855) 569-2265|
|View Prospectus:||LINKBANCORP, Inc.|
|Revenues||$28.0 mil (last 12 months)|
|Net Income||$5.14 mil (last 12 months)|
|Price range||$7.50 - $7.50|
|Est. $ Volume||$34.3 mil|
|Manager / Joint Managers||Stephens Inc./ Piper Sandler|
|Expected To Trade:||9/14/2022|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|