American Heritage Credit Union announces acquisition of three South Jersey branches, assets, and membership from LINKBANK
PHILADELPHIA, PA (May 10, 2024) — American Heritage Credit Union (American Heritage) has entered a definite purchase and assumptions agree 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.”
About American Heritage Credit Union
American Heritage Credit Union is a member-owned financial cooperative with more than $4.8 billion in assets serving more than 800 Workplace Partners and more than 310,000 members, with more than 35 locations across Philadelphia, Bucks, Montgomery, Delaware, and Camden Counties. Founded in 1948, American Heritage Credit Union is now one of the top 75 largest credit unions in the United States and named a Best-in-State Credit Union by Forbes. For more information about American Heritage Credit Union please visit AmericanHeritageCU.org.
