This Slide: #36 of 100 |
Slide #36. Peoples Bancorp — Ohio Heritage Bancorp, Inc.
Acquirer:
Peoples Bancorp (NASDAQ:PEBO)
Acquiree:
Ohio Heritage Bancorp, Inc. (OHHB)
Details:
Peoples Bancorp Inc. ("Company") (NASDAQ: PEBO), parent company of Peoples Bank, National Association (collectively with the Company, "Peoples"), and Ohio Heritage Bancorp, Inc. ("Ohio Heritage Bancorp") (OTCQB: OHHB), the parent company of Coshocton, Ohio-based Ohio Heritage Bank, jointly announced today the signing of a definitive merger agreement. Under the agreement, Peoples will acquire Ohio Heritage Bancorp in a cash and stock transaction in which Ohio Heritage Bank will merge with and into Peoples.
Peoples Bancorp is a financial holding company. Co. operates principally through its wholly-owned subsidiary, Peoples Bank. Co. provides a line of commercial and consumer banking, trust and investment, insurance, premium financing solutions, equipment leases and equipment financing agreements through its financial subsidiaries. Co.'s financial products and services are primarily provided through its financial service locations and ATMs in Ohio, West Virginia, Kentucky, Virginia, Washington, D.C. and Maryland, as well as through online resources that are web-based and mobile-based. Co.'s premium financing and equipment leasing services are provided nationwide.
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Buy (2.57 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: PEBO Stock Forecast Based on Zacks ABR data; powered by Xignite |