Peoples Bancorp to Acquire Citizens National in $76.6M Deal
Peoples Bancorp (PEBO) has agreed to acquire Citizens National (CZNL) in a $76.6 million cash-and-stock deal. The acquisition values Citizens National at $78.39 per share, based on Peoples' 20-day average stock price. The deal is expected to expand Peoples' presence in Kentucky through Citizens Bank of Kentucky.
Tickers: $PEBO
Topics: acquisition banking financial services merger