Cornerstone Capital Bank Completes Acquisition of Peoples Bank (Peoples Bancorp) to Build $3.4B Texas Growth Platform
March 3, 2026
Cornerstone Capital Bancorp, the holding company for Cornerstone Capital Bank, completed its acquisition of Peoples Bancorp, the holding company for Peoples Bank of Lubbock, Texas. The deal combines into a $3.4B-asset organization that expands Cornerstone’s presence across Texas while adding retail mortgage, homeowners insurance, mortgage joint venture, and loan servicing capabilities.
- Buyers
- Cornerstone Capital Bancorp, Inc.
- Targets
- Peoples Bancorp, Inc. (holding company for Peoples Bank of Lubbock, Texas)
- Industry
- Financial Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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