Peoples Bancorp, Inc. to acquire Capital Bancorp, Inc.

Peoples Bancorp, Inc. has agreed to acquire Capital Bancorp, Inc. in a strategic acquisition within the financial services sector. The transaction, announced on 29 September 2026, involves the exchange of shares as the sole consideration for the deal. Both the acquirer and the target are based in the United States. The specific financial value of the transaction has not been disclosed, and no completion date has been reported to date. This move represents a significant consolidation effort in the banking industry, where Peoples Bancorp seeks to expand its footprint by integrating the assets and operations of Capital Bancorp. The structure relies entirely on equity, indicating a shareholder-driven approach to the merger. As the deal progresses, stakeholders will monitor the regulatory landscape and integration planning closely. The current status of the agreement is firm intention, meaning the parties are committed to closing the transaction. No further details regarding the specific terms or the expected timeline for finalisation have been made public at this stage. The transaction is subject to regulatory approval.