Rockville-based Capital Bancorp, Inc., the parent company of Capital Bank, has entered into an agreement to merge with Ohio-based Peoples Bancorp Inc. in an all-stock transaction valued at approximately $728.1 million.
The companies announced the agreement on September 30. Under the deal, Capital Bancorp will merge into Peoples Bancorp, while Capital Bank, N.A. will subsequently merge into Peoples Bank.
Capital Bancorp is headquartered in Rockville and operates several business segments, including Commercial Banking, OpenSky, Windsor Advantage and Capital Bank Home Loans. As of June 30, 2026, the company reported $3.9 billion in total assets, $3.1 billion in gross loans and $3.4 billion in deposits…