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Peoples Bancorp Inc Completes Acquisition Of Sistersville Bancorp, Inc

Monday, 17 Sep 2012 09:59am EDT 

Peoples Bancorp Inc announced that it has closed its acquisition of Sistersville Bancorp, Inc. (Sistersville) as of the close of business on September 14, 2012. Peoples and Sistersville first announced that they had entered into an agreement to merge in June 2012. The completed acquisition included the merger of Sistersville's subsidiary, First Federal Savings Bank, into Peoples' subsidiary, Peoples Bank, National Association (Peoples Bank). As a result of the merger, the two full service branches of First Federal Savings Bank, located in Sistersville and Parkersburg, West Virginia, will operate as branches of Peoples Bank. Under the terms of the acquisition, Peoples paid $30.81 in cash for each share of Sistersville common stock for a total cash consideration of $9,815,000. Peoples expects the acquisition to be accretive to its 2013 earnings. 

Company Quote

0.08 +0.32%
4:00pm EDT