Peoples Bancorp to merge with Cornerstone Bank.

Peoples Bancorp, a diversified financial services holding company that makes available a complete line of banking, trust and investment, insurance, premium financing and equipment leasing solutions through its subsidiaries, agreed to merge with Cornerstone Bank, a community bank operating through a broad range of deposit and loan products and services. Financial terms were not dosclosed. “We’re excited to be joining forces with another mutual bank serving its communities with the same kind of commitment we do. While customers won’t see any difference in their day-to-day banking experiences, this merger offers us more scalability and strength that we can build on in the future,” Todd Tallman, Cornerstone Bank CEO.