PEOPLES BANCORP INC. ELECTS NEW DIRECTOR

Rhea-AI Summary

Peoples Bancorp Inc. (Nasdaq: PEBO) announced the election of Carol A. Schneeberger to its Board of Directors on January 23, 2023. Schneeberger, 66, previously served as Executive Vice President and Chief Administrative Officer at Peoples, contributing over 42 years of experience in banking. Her expertise spans operations, compliance, and information security, which is expected to enhance the Board's oversight capabilities. Chairman Susan Rector and CEO Chuck Sulerzyski expressed confidence in Schneeberger's ability to provide valuable insights that align with the company's strategic goals. As of December 31, 2022, Peoples had $7.2 billion in total assets and operates 130 locations.

Positive

• Carol Schneeberger brings over 42 years of relevant banking experience to the Board.
• Her background in operations and compliance will strengthen the company's governance.

Negative

• None.

News Market Reaction – PEBO

+3.08%

1 alert

+3.08% News Effect

On the day this news was published, PEBO gained 3.08%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MARIETTA, Ohio , Jan. 23, 2023 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO) today announced that Carol A. Schneeberger has been elected to the Peoples Board of Directors.  She also joined the Board of Directors of Peoples' banking subsidiary, Peoples Bank.  Ms. Schneeberger, 66, is the former Executive Vice President, Chief Administrative Officer of Peoples, and Executive Vice President, Chief Administrative Officer and Cashier of Peoples Bank, where she was responsible for managing the operations, technology, information security, compliance, legal and facilities functions of the companies, positions she held from July 2011 until her retirement.  A Certified Public Accountant (inactive), Ms. Schneeberger retired from Peoples on March 31, 2020, after more than 42 years of service.

"We are excited to have Carol join our Board," said Susan Rector, Peoples' Chairman of the Board. "She brings a tremendous amount of relevant banking knowledge and experience that will be invaluable, especially in the critically important areas of internal controls, information security, regulatory compliance and operations."

Chuck Sulerzyski, President and Chief Executive Officer for Peoples, said that he too is pleased with Ms. Schneeberger's election. "Carol is a great addition to our Board.  She has a deep knowledge of Peoples and its southeastern Ohio markets, having lived and worked in the Marietta area her entire life and having spent her career with Peoples. The Board will benefit greatly from her wisdom, insights and perspective.  I am delighted that she has joined us."

Prior to July, 2011, Ms. Schneeberger held a variety of different leadership positions with Peoples, including serving as interim Chief Financial Officer from April 2007 to May 2008.  During her tenure at Peoples she also served stints as Auditor and as Director of Human Resources. Ms. Schneeberger joined Peoples in 1977 as a bank teller.

Ms. Schneeberger has been involved with several community and charitable organizations. She currently serves on the boards of the Marietta Community Foundation and Marietta Area Health Care, Inc., and serves as Treasurer of New Harmony Baptist Church. She previously served on the board of EVE, Incorporated, which is a domestic violence shelter in Marietta, Ohio. Ms. Schneeberger earned a Bachelor of Arts degree in Business Administration from Cedarville University and a Master of Business Administration degree from Ohio University.

Peoples is a diversified financial services holding company and makes available a complete line of banking, trust and investment, insurance and premium financing solutions through its subsidiaries. Peoples Bank has been headquartered in Marietta, Ohio since 1902. Peoples has established a heritage of financial stability, growth and community impact. Peoples had $7.2 billion in total assets as of December 31, 2022, and 130 locations, including 113 full-service bank branches in Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland.

Peoples is a member of the Russell 3000 index of U.S. publicly-traded companies. Peoples offers services through Peoples Bank (which includes the divisions of Peoples Investment Services, Peoples Premium Finance and North Star Leasing), Peoples Insurance Agency, LLC, and Vantage Financial, LLC.  Learn more about Peoples at www.peoplesbancorp.com.

View original content:https://www.prnewswire.com/news-releases/peoples-bancorp-inc-elects-new-director-301728291.html

SOURCE Peoples Bancorp Inc.

FAQ

Who is the newly elected director of Peoples Bancorp?

Carol A. Schneeberger was elected to the Board of Directors of Peoples Bancorp Inc. on January 23, 2023.

What is Carol Schneeberger's background in banking?

Schneeberger has over 42 years of experience in banking, previously serving as Executive Vice President and Chief Administrative Officer at Peoples.

What impact will Carol Schneeberger's election have on Peoples Bancorp?

Her expertise in operations, compliance, and information security is expected to enhance the Board's oversight and governance.

When did Carol Schneeberger retire from Peoples?

Carol Schneeberger retired from Peoples on March 31, 2020, after more than 42 years of service.