Peoples Bancorp Inc. Agrees To Acquire Sistersville Bancorp for $9.8M

Peoples Bancorp Inc.

, holding company for Peoples Bank, National Association, announced today that it has signed a definitive agreement to acquire all of the outstanding common stock of Sistersville Bancorp, Inc.

, holding company of First Federal Savings Bank, which operates two full–service branches in Sistersville and Parkersburg, West Virginia. The transaction will provide Peoples further growth opportunities in Parkersburg and an entry into the Sistersville market. Under the terms of the agreement, Peoples has agreed to pay $30.74 in cash for each share of Sistersville common stock for a total cash consideration of approximately $9.8 million. Peoples expects this acquisition to be accretive to its 2013 earnings.