PEOPLES BANCORP INC. AND CAPITAL BANCORP, INC. ANNOUNCE MERGER AGREEMENT
PR Newswire•30/09/2026•07:00 ET
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Key Highlights
- ➤Merger values Capital Bancorp (CBNK) at approximately $728.1 million in all-stock transaction
- ➤Capital shareholders receive 1.11 Peoples (PEBO) shares per Capital share
- ➤Former Capital shareholders expected to own approximately 32% of Peoples after closing
- ➤Transaction expected immediately accretive to Peoples' 2027 estimated earnings before one-time costs
- ➤Deal expected to close first half of 2027, pending regulatory and shareholder approvals
Expert Statements
Tyler Wilcox, President and Chief Executive Officer of Peoples
“As Peoples approached $10 billion in assets, we were deliberate and patient in pursuing the right strategic opportunity. We were looking for a transaction and a partner that strengthens our franchise well beyond scale alone, and Capital does exactly that.”
Edward F. "Ed" Barry, Chief Executive Officer of Capital
“Peoples is an excellent strategic partner for Capital because it understands and values the diversified model we built.”
Steven J. Schwartz, Chairman of the Board of Capital
“We believe the merger with Peoples will give the Capital team the added scale and financial resources to continue serving our customers in a first-rate fashion with expanded product offerings and greater capacity.”
PEOPLES BANCORP INC. AND CAPITAL BANCORP, INC. ANNOUNCE MERGER AGREEMENT PR Newswire
Strategic combination creates a more diversified financial services franchise with greater scale, expanded Mid-Atlantic presence and complementary nationwide businesses
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