Capital Bancorp to Merge With Peoples Bancorp in All-Stock Deal at 1.11x Exchange Ratio

Capital Bancorp announced a definitive all-stock merger with Peoples Bancorp in which each Capital Bancorp share will convert into 1.11 shares of Peoples Bancorp, with cash in lieu of fractional shares. After the parent merger closes, Capital Bank is expected to merge into Peoples Bank. The boards…