Peoples Bancorp Wins Regulatory Approval for Citizens National Merger
Peoples Bancorp has cleared all regulatory hurdles for its planned merger with Citizens National Corporation, the Ohio-based bank announced.
Peoples Bancorp Inc., the Marietta, Ohio-based parent of Peoples Bank, announced it has received all required regulatory approvals to proceed with its merger with Citizens National Corporation, according to a statement released Sept. 28, 2026.
The Nasdaq-listed company, trading under the ticker PEBO, said the green light from regulators marks a key milestone in completing the transaction. Citizens National Corporation trades on the OTC Pink marketplace. No financial terms of the deal were disclosed in the announcement.
Read more Peoples Bancorp Clears Regulatory Hurdles for Citizens National Merger →
Regulatory approval is typically one of the final formal steps before a bank merger closes, clearing the path for shareholder votes or other remaining procedural requirements. The combination would expand Peoples Bank's footprint and deposit base, consistent with the regional bank consolidation trend that has intensified across the Midwest in recent years.
Peoples Bancorp has pursued an active acquisition strategy in recent years, using mergers to build scale in competitive community banking markets. The addition of Citizens National would add to that trajectory, though the specific branch counts, asset totals, and closing timeline were not detailed in the regulatory approval announcement.
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