Peoples Bancorp agrees to buy Capital Bancorp in all-stock deal valued at about $728 million
PEBO•Peoples Bancorp agreed to acquire Capital Bancorp in an all-stock deal valued at about $728 million, with Capital shareholders receiving 1.11 Peoples shares per share. The combined company is projected to have about $14 billion in assets, and closing is targeted for the first half of 2027.
1. Deal terms and outlook
The companies forecast that the combined group will have about $10 billion in loans and $11 billion in deposits. They project about 19% fully phased-in EPS accretion in 2027, with tangible book value dilution of about 10.8% and earn-back in under three years. Three Capital directors are expected to join the board.
