The Federal Reserve Board on September 25, 2026, approved Peoples Bancorp Inc.’s application to merge with Citizens National Corporation and indirectly acquire Citizens Bank of Kentucky, Inc. The decision also covers a related bank merger and authorization to operate branches at the Kentucky bank’s locations.
Key Takeaways
- Peoples Bancorp received approval to merge with Citizens National Corporation.
- The Board also approved Peoples Bank’s merger with Citizens Bank of Kentucky.
- The announcement confirms regulatory approval, not completion of the mergers.
Table of Contents
What the Peoples Bancorp merger approval covers
The corporate-level approval concerns Peoples Bancorp, based in Marietta, Ohio, and Citizens National Corporation, based in Paintsville, Kentucky. Through that merger, Peoples Bancorp would indirectly acquire Citizens Bank of Kentucky, which is also based in Paintsville.
At the bank level, the Board authorized Marietta-based Peoples Bank to merge with Citizens Bank of Kentucky. It also approved Peoples Bank’s establishment and operation of branches at Citizens Bank of Kentucky’s locations.
Approval does not confirm a closing
The Friday release announces the Board’s approval of the applications; it does not state that either merger has closed or provide a completion date. The announcement links to the Board’s order and a statement by Governor Barr.
Conclusion
The Board’s decision authorizes both the corporate and bank-level combinations, while leaving completion unconfirmed in the announcement.
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