MARIETTA — Peoples Bancorp Inc., mother or father firm of Peoples Financial institution, has accomplished its acquisition of Premier Monetary Bancorp Inc. and Premier’s wholly-owned subsidiaries, Premier Financial institution and Residents Deposit Financial institution & Belief.
The acquisition grew to become efficient as of the shut of enterprise on Sept. 17.
Peoples and Premier first introduced an settlement to merge on March 29. The finished acquisition included the mergers of Premier Financial institution and Residents into Peoples Financial institution.
Because of this, Premier’s 49 workplace places all through Kentucky, Maryland, Ohio, Virginia, West Virginia and Washington, D.C., will function as workplaces of Peoples Financial institution. That is along with Peoples Financial institution’s current 89 workplace places, together with 76 financial institution branches in Kentucky, Ohio and West Virginia.
“We’re excited to finish this transaction, which expands our presence in Kentucky and West Virginia and good points us an entry into enticing markets inside Virginia, Maryland and Washington, D.C.,” mentioned Chuck Sulerzyski, president and chief govt officer of Peoples. “We’re grateful for the laborious work and dedication of the workers of Premier and Peoples in finishing this transaction. Within the months forward, we’ll start introducing purchasers within the Premier communities to our expanded array of services and products, together with digital banking companies, investments and retirement planning options, insurance coverage, and an elevated business banking capability.”
Peoples Financial institution is amongst 16 banks nationwide to have acquired recognition by Forbes in 2021 as a Finest-In-State Financial institution in multiple state.
Peoples Financial institution has been headquartered in Marietta since 1902. For extra info, go to pebo.com.