American Heritage Credit Union Announces Acquisition of Three South Jersey Branches, Assets, and Membership from LINKBANK
American Heritage Credit Union has entered a definite purchase and assumptions agreement with LINKBANCORP to acquire its banking operations from three branch locations throughout Southern New Jersey. This acquisition includes approximately $105 million in deposits and $123 million in loans.
The three branches were previously a part of the Liberty Bell Bank division of The Bank of Delmarva which merged with LINKBANK during the company’s recent Merger with Partners Bankcorp. This completion of the acquisition remains contingent on customary closing conditions, which include federal regulatory approvals, and is expected to close during the second half of 2024.
“The acquisition from LINKBANK underscores our commitment to serving our members with enhanced accessibility and expanded financial offerings,” states Bruce K. Foulke, American Heritage’s President & CEO. “We are excited to expand our products and service offerings further into South Jersey and provide our new members and business partners with the same best-in-class service standards we’ve offered for over 75 years. We look forward to completing this transaction and welcoming our new members to the credit union family.”
