Peoples Bancorp to Acquire Capital Bancorp in $728.1 Million All-Stock Merger

Peoples Bancorp Inc. announced it will acquire Capital Bancorp, Inc. in an all-stock transaction valued at approximately $728.1 million. Under the merger agreement, Capital will merge into Peoples, followed by Capital Bank merging into Peoples Bank. The combined company is expected to operate more than 150 banking locations across eight states plus Washington, D.C., and to expand specialty financial services nationwide.