Peoples Bancorp agrees to buy Capital Bancorp in $728.1 million stock deal
Bitget2026/09/30 11:03- Peoples Bancorp agreed to buy Capital Bancorp in an all-stock deal valued at about $728.1 million.
- Capital holders to receive 1.11 shares of Peoples stock per share, implying $43.75 per share based on a $39.41 reference price.
- Combined bank expected to have about $14 billion assets, $10 billion loans, $11 billion deposits, more than 150 locations.
- Transaction expands Peoples in Washington, D.C. and Baltimore, adding Capital’s specialty platforms including OpenSky and Windsor Advantage.
- Closing targeted for the first half of 2027; former Capital shareholders expected to own about 32% of the combined company.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
2026 September US stock model trading review: 18 complete transaction details
Confidence among major Japanese manufacturers hits an eight-year high, fueling expectations for Bank of Japan interest rate hikes.
According to the quarterly Tankan survey released by the Bank of Japan on Thursday, the business sentiment index for large manufacturers rose from 22 to 24 in September, marking the sixth consecutive quarter of improvement and reaching the highest level in more than eight years.
$6.2 million, a whale withdrew 39,018 AAVE from an exchange
Synopsys (SNPS.US) partners with OpenAI to develop AI models for chip design, revenue-sharing model drives stock price up by 7%
On Wednesday, chip design software provider Synopsys (SNPS.US) announced that it has reached a partnership agreement with OpenAI. Both parties will jointly develop AI models for the chip business and share related revenues.
Crypto prices
More
