---
schema_version: "secwatch.filing_event.v1"
accession: "0000318300-26-000145"
form_type: "8-K"
ticker: "PEBO"
cik: "0000318300"
company_name: "PEOPLES BANCORP INC"
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:18:56.841985+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000318300-26-000145
- form_type: 8-K
- ticker: PEBO
- cik: 0000318300
- company_name: PEOPLES BANCORP INC
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/318300/000031830026000145/0000318300-26-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/318300/000031830026000145/pebo-20260424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000318300-26-000145
- JSON: https://secwatch.observer/filing/0000318300-26-000145.json
- Plain text: https://secwatch.observer/filing/0000318300-26-000145.txt

## Source-grounded claims
- claim_id: 12ef9018d7a39d14687539f3fd3cd0cc024a8645
  claim: 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).
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/318300/000031830026000145/0000318300-26-000145-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.