Peoples Bancorp, Marietta, Ohio, and Capital Bancorp of Rockville, Md. announced a merger agreement valued at about $728 million. .The combined Peoples Bank is expected to have approximately $14 billion in assets, $10 billion in loans and $11 billion in deposits. The bank will have more than 150 locations across Florida, Illinois, Kentucky, Maryland, North Carolina, Ohio, Virginia, West Virginia and Washington D.C., in addition to nationwide specialty financial services platforms.The combination will blend Peoples' broad platform of community banking, trust and investment services, insurance and specialty financing with Capital's commercial banking franchise in the Washington, D.C. and Baltimore markets, as well as its nationwide businesses in digital consumer credit, government-guaranteed lending and servicing, and residential mortgage banking.The acquisition is expected to close during the first half of 2027.
