Peoples Bancorp to Acquire Capital Bancorp in All-Stock Merger at 1.11x Exchange Ratio

Peoples Bancorp announced a definitive all-stock merger with Capital Bancorp, under which each Capital Bancorp share will convert into 1.11 shares of Peoples Bancorp, with cash for fractional shares. Following the parent-company merger, Capital Bank is expected to merge into Peoples Bank. The trans…