Fed approves Peoples Bancorp to merge with Citizens National and acquire Citizens Bank of Kentucky
The Federal Reserve Board approved Peoples Bancorp Inc.’s merger with Citizens National Corporation and the acquisition of Citizens Bank of Kentucky, Inc., including approval for Peoples Bank to merge with Citizens Bank of Kentucky and operate branches there. This clears a regional banking consolidation involving Ohio and Kentucky banks. The decision moves forward regulatory clearance for the merger and branch activity.
Key facts
- 01The Federal Reserve Board approved the merger between Peoples Bancorp Inc. and Citizens National Corporation.
- 02The acquisition of Citizens Bank of Kentucky, Inc. was approved indirectly through the merger.
- 03Peoples Bank was approved to merge with Citizens Bank of Kentucky, Inc. and to establish and operate branches at their locations.
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- Federal Reserve Board announces approval of application by Peoples Bancorp Inc. · Federal Reserve (Official source)