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The selling spree at Capitol Bancorp continues. The company announced Thursday that it has a definitive agreement to sell Mountain View Bank of Commerce in Colorado ...
December 17 -
Peoples Bancorp (PEBO) in Marietta, Ohio, has bought three insurance agencies in Jackson, Ohio.
May 16
Peoples Bancorp in Marietta, Ohio, plans to enter the Cleveland market by acquiring Ohio Commerce Bank in Beachwood.
Peoples has agreed to pay $16.5 million in cash for the $107 million-asset Ohio Commerce, the buyer announced Tuesday. The merger is expected to close in the fourth quarter, pending regulatory approval.
Ohio Community has one branch in Beachwood, a Cleveland suburb. The $1.9 billion-asset Peoples Bank has 49 locations in Ohio, Kentucky and West Virginia, but none in the Cleveland area.
"We are pleased to continue to grow our footprint while acquiring a well-performing bank that complements our current growth strategy," Chuck Sulerzyski, Peoples' president and chief executive, said in a news release.
Ohio Community was majority owned by Capitol Bancorp until December 2009, when it
Peoples
