Peoples Bancorp to buy Capital Bancorp in $728.1 million all-stock deal

• Peoples Bancorp agreed to acquire Capital Bancorp in an all-stock deal valued at about $728.1 million.
• Capital shareholders to receive 1.11 shares of Peoples common stock per share, implying $43.75 per share.
• Combined company expected to have about $14 billion in assets, $10 billion in loans, $11 billion in deposits.
• Transaction expected to close in the first half of 2027, subject to regulatory and shareholder approvals.
• Capital shareholders expected to own about 32% of Peoples after closing; three Capital directors set to join Peoples’ board.

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. Capital Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609300850PRIMZONEFULLFEED9836922) on September 30, 2026, and is solely responsible for the information contained therein.