Peoples Bancorp to acquire Citizens National Corp for 2.10 shares + $8 cash per share

PEOPLES BANCORP INC

Each Citizens share converts to 2.10 PEBO shares plus $8.00 cash; exchange ratio fixed at 2.10.
Merger requires Citizens shareholder approval, regulatory nods from Fed and Ohio Division of Financial Institutions.
Termination fee of $3 million payable by Citizens if it accepts a superior proposal or fails to recommend.
Closing targeted by March 31, 2027; merger agreement includes customary representations and conditions.
Directors of Citizens entered voting agreements to support the merger; unanimous board approval on both sides.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

PEOPLES BANCORP INC entered into Agreement and Plan of Merger with Citizens National Corporation valued at Peoples will acquire Citizens in a cash and stock transaction; each Citizens common share will be co (effective 2026-04-20).

Action: entry
Agreement: merger
Counterparty: Citizens National Corporation
Value: Peoples will acquire Citizens in a cash and stock transaction; each Citizens common share will be co
Effective: 2026-04-20

Exact text from the filing

On April 20, 2026, Peoples Bancorp Inc., an Ohio corporation (“Peoples”), and Citizens National Corporation, a Kentucky corporation (“Citizens”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which Peoples will acquire Citizens in a cash and stock transaction.

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PEOPLES BANCORP INC filing history →

Source: SEC EDGAR

accession 0000318300-26-000145

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