Rockville-based Capital Bancorp to be acquired by Ohio-based Peoples Bancorp in $728.1 million all-stock merger

Capital Bancorp, Inc., the parent company of Capital Bank, has agreed to merge with Peoples Bancorp Inc. in an all-stock transaction valued at approximately $728.1 million. The deal, announced on September 30, 2026, will see Capital Bancorp merge into Peoples Bancorp, and Capital Bank, N.A. merge into Peoples Bank. Capital Bancorp shareholders are expected to own approximately 32% of Peoples following the merger, which is anticipated to close in the first half of 2027, pending regulatory and shareholder approvals.