Peoples Bancorp Acquires Limestone Bancorp
April 30, 2023
Peoples Bancorp Inc. (Nasdaq: PEBO), parent company of Peoples Bank, completed its acquisition of Limestone Bancorp, Inc. (NASDAQ: LMST) and Limestone Bank, Inc., effective April 30, 2023. The transaction adds Limestone's ~20 branches across Kentucky (about $1.5 billion in assets) to Peoples' footprint, expanding Peoples' Kentucky franchise and customer base.
- Buyers
- Peoples Bancorp Inc.
- Targets
- Limestone Bancorp, Inc., Limestone Bank, Inc.
- Sellers
- Shareholders of Limestone Bancorp, Inc.
- Industry
- Financial Services
- Location
- Kentucky, United States
- Transaction Type
- Buyout
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