Old Town-based Burke & Herbert Bank is expanding its reach after acquiring a Pennsylvania bank in a multimillion-dollar deal.
Burke & Herbert is acquiring Camp Hill, Pa.-based LinkBank for $354.2 million, a deal expected to close in the second half of 2026. The merger will expand the bank into Pennsylvania and increase its footprint to 100 locations across six states, according to a press release.
Twenty-four new bank branches and four loan production offices are planned across Harrisburg, Lancaster, and York, Pa., the Philadelphia area, and Annapolis, Md., according to a presentation.
These will join Burke & Herbert’s nearly 80 existing locations across Virginia, West Virginia, Maryland, Delaware and Kentucky, including its Old Town headquarters at 100 S. Fairfax Street.
The deal is expected to culminate in approximately $11 billion in assets for the bank, with $9.1 billion in deposits and another $8 billion in loans, according to the presentation.
Founded in 1852, Burke & Herbert is the oldest bank in the commonwealth. The acquisition “marks another transformative milestone” in the company’s history, CEO David P. Boyle said in the release.
“We are positioning ourselves to deliver unparalleled value to our customers, employees, communities and shareholders,” Boyle said. “Our entry into Pennsylvania and the expanded presence across key Mid-Atlantic markets underscores our unwavering commitment to community banking and reinforces our reputation as a trusted financial partner wherever we operate.”
The bank sought city approval for illuminated signs at its Old Town headquarters this past fall and announced a shift in operations to Franconia in 2022.