Add-on Acquisition • Financial Services

Peoples Bank Acquires Sistersville Bancorp

On September 14, 2012, Peoples Bank acquired financial services company Sistersville Bancorp

Acquisition Context
  • This is Peoples Bank’s 1st transaction in the Financial Services sector.
  • This is Peoples Bank’s 1st transaction in the United States.
  • This is Peoples Bank’s 1st transaction in West Virginia.

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M&A Deal Summary

Date September 14, 2012
Target Sistersville Bancorp
Sector Financial Services
Buyer(s) Peoples Bank
Deal Type Add-on Acquisition

Target Company

Sistersville Bancorp

Sistersville, West Virginia, United States
Sistersville Bancorp, Inc. is a provider of savings and financing services, primarily to individuals.
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Buyer Overview 1

Buyer

Peoples Bank

Marietta, Ohio, United States

Category Company
Founded 1902
Sector Financial Services
Employees1,460
Revenue 444M USD (2024)
DESCRIPTION

Peoples Bank is a diversified financial services holding company with $3.2 billion in total assets, 82 sales offices and 80 ATMs in Ohio, West Virginia and Kentucky. Peoples Bank was founded in 1902 and is based in Marietta, Ohio.


Deal Context for Buyer #
Overall 1 of 6
Sector: Financial Services 1 of 5
Type: Add-on Acquisition 1 of 4
State: West Virginia 1 of 2
Country: United States 1 of 6
Year: 2012 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 First Commonwealth Bank of Prestonsburg

Prestonsburg, Kentucky, United States

First Prestonsburg Bancshares, Inc. is a provider of financial services. It own and operates eight full service branches in and around the Prestonsburg and Pikeville markets in eastern Kentucky, and is scheduled to open a ninth full service branch in Georgetown, Kentucky.

Buy $45M