Peoples Bancorp agreed on 30 September to acquire Capital Bancorp in an all-stock transaction worth about $728.1m, or $43.75 per share based on Peoples' 20-day average price.
Market context
The combined bank would have about $14bn of assets and more than 150 locations across eight states and Washington DC. It adds to a steady run of mid-sized US bank mergers in 2026 as lenders seek scale; the deal needs regulatory and shareholder approval.
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