Peoples Bancorp Acquires Citizens Bank of Kentucky for $76.6 Million
Peoples Bancorp of Ohio is acquiring Citizens Bank of Kentucky for $76.6 million in cash and stock, adding 12 branches and $686 million in assets. The merger is expected to close in the second half of 2026, with Peoples selling securities to stay under a $10 billion asset threshold. The acquisition aims to expand Peoples' presence in Kentucky and enhance its deposit base.
Tickers: $PEBO
Topics: acquisition banking financial restructuring merger regulatory compliance