Board approves Peoples Bancorp–Citizens National bank merger

On September 25, 2026, the Federal Reserve Board announced approval of Peoples Bancorp Inc.’s application to merge with Citizens National Corporation. Peoples Bank would merge with Citizens Bank of Kentucky, Inc., and keep operating branches at Citizens Bank’s main office and branch locations.

The Board’s written order (FRB Order No. 2026-24) says Peoples Bancorp had about $9.5 billion in consolidated assets and about $7.6 billion in deposits before the deal. After closing, the combined firm would have about $9.7 billion in assets and about $8.2 billion in deposits — still under 1 percent of nationwide insured deposits.

Notice of the proposal ran in the Federal Register. The Board received twelve adverse comments and said it weighed them under the Bank Holding Company Act, the Bank Merger Act, and the Federal Reserve Act. The Justice Department reviewed competitive effects as the Bank Merger Act requires.

This brief points to the Board press release and the public order PDF. It is not the order itself and is not a newspaper story about the banks.

Source: https://www.federalreserve.gov/newsevents/pressreleases/orders20260925a.htm

Order PDF: https://www.federalreserve.gov/newsevents/pressreleases/files/orders20260925a1.pdf

What to read next: /executive/agency/federal-reserve and /federal.

This is a Notice Nearby publisher-desk Federal brief — a short in-house summary of a public federal filing or agency press release. It is not official agency minutes, not a newspaper story, and not Legal Publication. It does not satisfy a statutory notice requirement.