Peoples Bancorp Strikes $728M Deal for Capital Bancorp, Expanding National Reach
Peoples Bancorp has agreed to acquire Rockville, Maryland-based Capital Bancorp Inc. in an all-stock transaction valued at approximately $728 million. Management described the deal as transformational, saying it would add scale, national specialty businesses, and a more diversified earnings base.
Why it matters — A CBNK watcher would care because the acquisition represents a significant corporate event for the company that would bring it scale, national specialty businesses, and a more diversified earnings base.