PEOPLES BANCORP INC. RECEIVES REGULATORY APPROVALS OF ITS MERGER WITH CITIZENS NATIONAL CORPORATION

Regulatory clearance covers both the parent-company merger and the merger of their banks.

Rhea-AI Summary

Peoples Bancorp (PEBO) received all necessary regulatory approvals for its merger with Citizens National (CZNL), with Peoples as the surviving corporation.

The approvals also cover the merger of Peoples Bank with Citizens Bank of Kentucky, a wholly owned Citizens subsidiary. Citizens shareholders approved the April 20, 2026, merger agreement on August 6, 2026.

Positive

• All necessary regulatory approvals received for the Peoples–Citizens merger.
• Bank merger approvals received for Peoples Bank and Citizens Bank of Kentucky.
• Citizens shareholders approved the merger agreement on August 6, 2026.

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MARIETTA, Ohio, Sept. 28, 2026 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO), parent company of Peoples Bank, announced today that it has received all necessary regulatory approvals for the merger between Peoples and Citizens National Corporation ("Citizens") (OTCPK: CZNL), with Peoples as the surviving corporation (the "Merger"), and for the merger between Peoples Bank and Citizens' wholly owned subsidiary, Citizens Bank of Kentucky, Inc.

The Agreement and Plan of Merger dated as of April 20, 2026, between Peoples and Citizens (the "Merger Agreement"), was approved by Citizens' shareholders on August 6, 2026. 

About Peoples:

Peoples is a diversified financial services holding company that makes available a complete line of banking, trust and investment, insurance, premium financing and equipment leasing solutions through its subsidiaries. Peoples has been headquartered in Marietta, Ohio, since 1902 and has an established heritage of financial stability, growth and community impact. As of June 30, 2026, Peoples had $9.5 billion in total assets, 144 locations, including 127 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, Peoples Life Premium Finance, and North Star Leasing), Peoples Insurance Agency, LLC, and Vantage Financial, LLC. 

View original content:https://www.prnewswire.com/news-releases/peoples-bancorp-inc-receives-regulatory-approvals-of-its-merger-with-citizens-national-corporation-302891852.html

SOURCE Peoples Bancorp Inc.

FAQ

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What regulatory approvals did Peoples Bancorp receive for the Citizens National merger?

Peoples Bancorp received all necessary regulatory approvals for its merger with Citizens National, with Peoples as the surviving corporation. The approvals also cover the merger of Peoples Bank with Citizens Bank of Kentucky, a wholly owned Citizens subsidiary.