Michael Dailey and Jacqueline McCloskey led Dinsmore’s representation of Peoples in a deal to expand the bank’s Mid-Atlantic presence and diversify its financial services platform
Dinsmore & Shohl LLP served as legal counsel to Peoples Bancorp Inc. (NASDAQ: PEBO) in its execution of a definitive agreement to acquire Capital Bancorp, Inc. (NASDAQ: CBNK), a transaction valued at approximately $728.1 million. Announced Sept. 30, 2026, the all-stock transaction will combine two diversified financial services organizations and expand Peoples’ presence in key Mid-Atlantic markets.
Dinsmore represented Peoples in all legal aspects of the transaction. The Firm’s multidisciplinary team was led by Cincinnati partners Michael Dailey, Jacqueline McCloskey and Herb Stapleton, Scott Sanders (Houston), Chris Hammond (Columbus), and Christi Weber (Pittsburgh) along with associates Faith Wood, Jad Elchalhal, Clara Moore, Drew Harper and Hunter Taylor.
“Bank mergers involve complex regulatory, governance and operational considerations,” said Mike. “Our longstanding relationship with Peoples is built on trust and a deep understanding of the business, which helped us navigate those nuances together.”
Ohio-based Peoples Bancorp is a diversified financial services holding company offering banking, trust and investment, insurance and specialty financing solutions.