Peoples Bancorp completes acquisition of Citizens National Corporation
PEBO•Peoples Bancorp completed its acquisition of Citizens National effective October 30, 2026. Citizens shareholders received 2.1 Peoples shares and $8 in cash for each Citizens share; Citizens had approximately $646 million in assets and $551 million in deposits as of September 30, 2026.
1. Acquisition completed
Peoples Bancorp completed its acquisition of Citizens National effective at the close of business on October 30, 2026, expanding into Eastern Kentucky. Citizens shareholders received 2.1 shares of Peoples common stock and $8 in cash for each share of Citizens common stock.
2. Branches to convert
Citizens had approximately $646 million in total assets and $551 million in total deposits as of September 30, 2026. Citizens Bank merged into Peoples Bank, and its 12 branches are scheduled to convert to Peoples Bank branches following business close on April 19, 2027.
