LINKBANCORP, Inc. Announces Price of Initial Public Offering of Common Stock

HARRISBURG, Pa., September 13, 2022 /PRNewswire/ — LINKBANCORP, Inc. (the “Company”), the holding company of The Gratz Bank, including its LINKBANK division (the “Bank”), today announced the pricing of its initial public offering of 4 575,000 ordinary shares at a public offering price of $7.50 per share. The offering is expected to earn the Company gross proceeds of approximately $34.3 million. The net proceeds to the Company, after deducting the estimated subscription discount and offering costs, are expected to be approximately $31.1 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 686,250 common shares of the Company at the initial public offering price, less the underwriting discount, to cover any over-allotment. The shares are expected to begin trading on September 14, 2022 on the NASDAQ Capital Market under the symbol “LNKB”.

(PRNewsfoto/LINKBANCORP, Inc.)

Stephens Inc. and Piper Sandler & Co. act as joint bookrunners. DA Davidson & Co. is co-manager.

The offering will be made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from Stephens Inc., 111 Center Street, Little Rock, AR 72201, or by phone at 1-800-643-9691 or Piper Sandler & Co., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, or by telephone at 612-303-8432, or by email at prospectus@psc.com or from DA Davidson & Co., 8 Third Street North, Great Falls, Montana 59401, Attention: Equity Syndicate or by calling 1-800-332-5915.

The Securities and Exchange Commission (the “SEC”) has declared the registration statement on Form S-1 (File No.: 333-267303) relating to the common stock effective as of September 13, 2022. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of common stock, in any state or jurisdiction in which such offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such state or jurisdiction. The common shares that will be offered in the initial public offering will not be insured by the Federal Deposit Insurance Corporation or any other governmental agency.

About LINKBANCORP, Inc.

LINKBANCORP, Inc. was established in 2018 with a mission to positively impact lives through community banking. Its banking subsidiary, The Gratz Bank, is a Pennsylvania state-chartered bank serving individuals, families, nonprofits, and businesses across the center and southeast pennsylvania through 10 Client Solution Centers of The Gratz Bank and LINKBANK, a division of The Gratz Bank.

Caution Regarding Forward-Looking Statements

This press release contains “forward-looking statements”, including with respect to the IPO. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “could”, “should”, “could”, “predict”, “potential”, “believe”, “expect”. , “assign”, “continue”, “will”, “anticipate”, “seek”, “estimate”, “intend”, “plan”, “projection”, “goal”, “target”, “outlook “, “aim”, “would”, “annualized” and “outlook”, or similar terminology. These forward-looking statements are based on the current beliefs and expectations of the Company’s management and are inherently subject to important business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s control. In addition, these forward-looking statements are subject to assumptions about future business strategies and decisions that are subject to change. Actual results may differ materially from those presented in the declarations prospective due to many factors. Factors that could cause such differences to exist include, but are not limited to: risks relating to fluctuations in real estate values ​​and residential and commercial real estate market conditions; the fiscal and monetary policies of the federal government and its agencies; changes in laws or government regulations or policies affecting financial institutions, including changes in regulatory fees and capital requirements; changes in the level and direction of loan defaults and write-offs and changes in estimates of the adequacy of the loan loss provision; demand for loans and deposits in our market area; conditions related to the COVID-19 pandemic, including the severity and duration of the associated economic downturn, whether domestically or in our market areas and the effectiveness of vaccination programs, which are worse than expected; operational risks, including but not limited to cybersecurity, fraud and natural disasters; the risk that the Company will fail to implement its business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks detailed in the “Cautionary Note Regarding Forward-Looking Statements”, “Risk Factors” and other sections of the registration statement filed with the SEC. All forward-looking statements set forth herein are made only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unforeseen events or otherwise. , unless required by law.

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SOURCE LINKBANCORP, Inc.

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