Mergers & AcquisitionsMediumUpdated•Originally published 30 September 2026•Updated 30 September 2026•
1 min read
Peoples Bancorp to Acquire Capital Bancorp in $728 Million All-Stock Merger
Key Facts
1Peoples Bancorp and Capital Bancorp signed a merger agreement where Peoples will acquire Capital in an all-stock transaction.
Peoples Bancorp and Capital Bancorp have signed a definitive merger agreement in which Peoples will acquire Capital in an all-stock transaction, PR Newswire reported. The combination is intended to create an expanded financial services franchise in the Mid-Atlantic region, with total loans expected to reach $10 billion and deposits $11 billion upon closing.
Peoples Bancorp shares declined while Capital Bancorp shares rose following the announcement of the merger. PEBO was trading at $38.87 on September 29, 2026, and CBNK was trading at $35.65 on the same date, with the deal's aggregate value estimated at $728.1 million based on Peoples' average share price of $39.41.