Mergers & Acquisitions ·
Peoples Bancorp agrees to acquire Capital Bancorp in $728.1M all-stock deal
PEBOPeoples Bancorp Inc
Peoples Bancorp Inc. announced an agreement to acquire Capital Bancorp, Inc., in an all-stock transaction valued at approximately $728.1 million based on a 20-day volume-weighted average closing price of $39.41 per share for Peoples stock. Under the terms, holders of Capital common stock will receive 1.11 shares of Peoples common stock for each share held. The merger is expected to create a combined entity with approximately $14 billion in total assets and is anticipated to close during the first half of 2027, subject to regulatory approvals and shareholder consent. This transaction expands Peoples' presence in the Washington D.C. and Baltimore markets while adding nationwide specialty financial services platforms. Peoples Bancorp Inc. operates as a diversified financial services holding company providing banking, trust, investment, insurance, and specialty financing solutions.