Cornerstone Bank to acquire Peoples Bancorp.

Cornerstone Bank, a community bank operating through a broad range of deposit and loan products and services, agreed to acquire Peoples Bancorp, a diversified financial services holding company. Financial terms were not disclosed. "We are pleased to welcome Peoples to Cornerstone Capital Bank. This combination reflects a strong strategic fit, bringing together two organizations committed to relationship banking and long-term community investment. With one of the strongest capital positions in our markets and a deep base of low-cost core funding, we are well positioned for meaningful organic growth. By uniting Peoples' loyal customer base and strong local presence with Cornerstone's national resources, we are building an organization that will deliver lasting value to our team members, communities, and shareholders. We're thrilled to partner with a bank that shares our deep commitment to Mission and service. We will continue Peoples' pursuit of being the best employer its team members have ever worked for—and the best bank its customers have ever banked with," Scott Almy, Cornerstone President and CEO.