Peoples Bancorp to Acquire Capital Bancorp in $728 Million All-Stock Merger

Key Facts

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 designed to create a diversified financial services franchise with expanded scale in the Mid-Atlantic region, expected to hold approximately $10 billion in total loans and $11 billion in total deposits upon completion.

PEBO closed at $38.87 on September 29, 2026, while CBNK closed at $35.65 on the same date. Based on Peoples' 20-day volume-weighted average closing price of $39.41 per share as of September 29, 2026, the aggregate transaction value is approximately $728.1 million, representing $43.75 per share.