- CEO
- John W. Breda
- Full Time Employees
- 225
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 2245 Northwood Drive Salisbury MD United States of America 21801
- IPO Date
- Jul 15, 1999
- Business
- Partners Bancorp (NASDAQ: PTRS) operates as the holding company for The Bank of Delmarva and Virginia Partners Bank, which together provide a broad range of commercial and retail banking services to individual, business, and nonprofit customers primarily in the Mid-Atlantic region of the United States, including Delaware, Maryland, Virginia, and surrounding areas. The banks offer deposit products such as checking accounts, savings accounts, money market accounts, time deposits, NOW accounts, IRAs, and cash management services; remote deposit capture and mobile deposit capabilities; and digital solutions including online banking, mobile banking, bill pay, phone banking, merchant services, ATM/debit cards, and cash advance services. Their lending portfolio encompasses commercial real estate loans, small business administration (SBA) loans, term loans, equipment loans, business lines of credit, business credit cards; consumer loans for automobiles, mobile homes, boats, RVs, and motorcycles; and mortgage-related products such as purchase and refinance mortgages, bridge loans, home equity loans/lines, construction and permanent mortgages, lot loans, agricultural loans, and U.S. Department of Agriculture (USDA) loans. Founded through the combination of historic institutions like The Bank of Delmarva (established 1896), the company maintains its headquarters in Salisbury, Maryland, and operates approximately 14 full-service branches across its footprint. In a major strategic development, Partners Bancorp completed its merger with LINKBANCORP Inc. (NASDAQ: LNKB) on November 30, 2023, in an all-stock transaction valued at around $168 million where Partners shareholders received 1.15 LINK shares per PTRS share, resulting in Partners owning 56% of the combined entity with nearly $3 billion in assets; post-merger, The Bank of Delmarva and Virginia Partners Bank merged into LINKBANK, with Partners executives leading the Delmarva, Maryland, Northern Virginia, and Fredericksburg regions under the surviving LINKBANCORP structure.