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By Kelly CloonanPeoples Bancorp plans to acquire Capital Bancorp in an all-stock deal valued at about $728.1 million.The companies said Wednesday they expect their merger to broaden and diversify their business while adding further pathways for growth and capacity to serve customers.The deal would…
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…