CAMP HILL, Pa.--(BUSINESS WIRE)--LINKBANCORP, Inc., a bank holding company, today announced that it has received all required regulatory approvals and has completed the acquisition of Stonebridge Bank, which will operate immediately as a wholly-owned subsidiary of LINK.

“We are excited to complete the purchase of Stonebridge Bank,” Andrew S. Samuel, Chairman and Chief Executive Officer of LINK said. “Our mission to positively impact lives will extend throughout Central and Southeast Pennsylvania as we strive to build a thriving community banking franchise.”

LINK has successfully closed round one of its $45 million capital offering, raising $36 million in capital as part of the approval process. “We would like to thank all our shareholders and employees for their efforts to date as we begin to build a great franchise in Pennsylvania. Southeastern and Central Pennsylvania boast such attractive demographics and diverse economic drivers, it’s an ideal place to do business,” said Samuel.

LINK will rebrand Stonebridge Bank to LINKBANK and expects to complete the rebranding before the end of 2018. The bank will continue to operate as Stonebridge Bank until that time.