Mergers & Acquisitions ·
Peoples Bancorp completes acquisition of Citizens National Corporation for stock plus $8 cash per share
PEBOPeoples Bancorp Inc
Peoples Bancorp Inc. completed its acquisition of Citizens National Corporation as of the close of business on October 30, 2026. Under the agreement announced in April 2026, Citizens shareholders received 2.10 shares of Peoples common stock plus $8.00 in cash for each share held. The transaction adds approximately $646 million in total assets, $344 million in loans, and $551 million in deposits to Peoples' balance sheet. The acquisition integrates Citizens Bank into Peoples Bank, with 12 branches initially operating as a division before conversion to Peoples branding by April 2027. Peoples Bancorp Inc. is a diversified financial services holding company providing banking, trust, investment, insurance, and specialty financing solutions.