Financial M&A » By The Online Investor Staff, updated Mon., Dec. 6, 11:54 AM
Recent mergers and acquisitions in the Financial M&A category.
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Slide #48. Peoples Bancorp — North Akron Savings Bank
Acquirer:
Peoples Bancorp (NASDAQ:PEBO)
Acquiree:
North Akron Savings Bank
Details:
Peoples Bancorp Inc. (the "Company") (NASDAQ: PEBO), parent company of Peoples Bank, National Association ("Peoples Bank" and collectively with the Company, "Peoples"), and Akron, Ohio-based North Akron Savings Bank, jointly announced today the signing of a definitive merger agreement. Under the agreement, North Akron Savings Bank will merge with and into Peoples Bank in a cash and stock transaction valued at $20.1 million, or $7,655 per share.
Peoples Bancorp is a financial holding company. Via its subsidiaries, Co. provides a line of commercial and consumer banking, trust and investment and insurance solutions, including: various demand deposit accounts, savings accounts, money market accounts and certificates of deposit; commercial loans, residential real estate loans, home equity lines of credit, consumer loans and Overdraft Privilege; debit and automated teller machine cards; credit cards for individuals and businesses; merchant credit card transaction processing services; safe deposit rental facilities; a range of life, health, and property and casualty insurance products; and third-party insurance administration services.
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Avg. Broker Rec.
 
|
Strong Buy (3.50 out of 4) 46th percentile
(ranked lower than approx. 54% of all stocks covered)
Analysts' Target Price: PEBO Stock Forecast Based on Zacks ABR data; powered by Xignite |
