Peoples Bancorp agrees to buy Capital Bancorp in $728.1 million stock deal

• Peoples Bancorp agreed to buy Capital Bancorp in an all-stock deal valued at about $728.1 million.
• Capital holders to receive 1.11 shares of Peoples stock per share, implying $43.75 per share based on a $39.41 reference price.
• Combined bank expected to have about $14 billion assets, $10 billion loans, $11 billion deposits, more than 150 locations.
• Transaction expands Peoples in Washington, D.C. and Baltimore, adding Capital’s specialty platforms including OpenSky and Windsor Advantage.
• Closing targeted for the first half of 2027; former Capital shareholders expected to own about 32% of the combined company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peoples Bancorp Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202609300700PR_NEWS_USPR_____CL59943) on September 30, 2026, and is solely responsible for the information contained therein.