HARRISBURG, Pa.--(BUSINESS WIRE)--LINKBANCORP, Inc. (OTC Pink: LNKB), the parent company for LINKBANK, announced that it has completed an oversubscribed private placement offering of $5 million in common stock, primarily from accredited individual investors in LINKBANK’s Southcentral Pennsylvania market.

Chief Executive Officer Andrew Samuel stated, “We are very pleased with the strong demand we experienced for this offering and encouraged by this support of our growth strategy and mission to positively impact lives.”

The Company issued 421,292 shares in the offering at a price of $12.00 per share. The Company also completed a $20 million subordinated debt offering in September 2020. The Company intends to use the additional capital to support continued growth opportunities.

About LINKBANCORP, Inc.

LINKBANCORP, Inc. was formed in 2018 with a mission to positively impact lives through community banking. Its subsidiary bank, LINKBANK is a Pennsylvania state-chartered bank serving individuals, families, nonprofit and business clients throughout Central and Southeastern Pennsylvania. At September 30, 2020, LINKBANK had approximately $368 million in total assets. LINKBANCORP, Inc. common stock is traded over the counter (OTC Pink) under the symbol “LNKB.”