Mergers & Acquisitions ·
On September 29, 2026, Capital Bancorp, Inc. entered into an Agreement and Plan of Merger with Peoples Bancorp, Inc.…
CBNKCapital Bancorp Inc
On September 29, 2026, Capital Bancorp, Inc. entered into an Agreement and Plan of Merger with Peoples Bancorp, Inc., under which Capital will merge into Peoples in an all-stock transaction valued at approximately $728.1 million. Each share of Capital common stock converts to 1.11 shares of Peoples common stock, implying a deal value of $43.75 per share based on Peoples' September 29 closing price. The merger is expected to create a combined entity with roughly $14 billion in total assets and is anticipated to close in the first half of 2027, subject to regulatory and shareholder approvals. Capital Bancorp operates as a bank holding company providing commercial banking, digital consumer credit, government-guaranteed lending, and mortgage services.