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Peoples Bancorp Inc. Agrees To Acquire Ohio Commerce Bank

Tuesday, 2 Jul 2013 08:52am EDT 

Peoples Bancorp Inc. announced that on July 1, 2013, Peoples Bank signed a definitive agreement to acquire all of the outstanding common stock of Ohio Commerce Bank (Ohio Commerce), which operates a single branch in the attractive banking market of Beachwood, Ohio. Under the terms of the agreement, Peoples Bank has agreed to pay $13.75 in cash for each share of Ohio Commerce common stock for a total cash consideration of approximately $16.5 million. Peoples expects this acquisition to be accretive to its 2014 earnings per share. 

Company Quote

-0.83 -3.31%
21 Oct 2014