Regulatory Alerts2026-01-30
Federal Reserve Board Approves Cornerstone Capital Bancorp, Inc. Acquisition of Peoples Bancorp
The Federal Reserve Board approved Cornerstone Capital Bancorp, Inc.’s application to acquire Peoples Bancorp, Inc. and merge its subsidiary, Peoples Bank, into Cornerstone Capital Bank, SSB. The Board determined that the transaction will not substantially lessen competition or adversely affect community credit needs, noting satisfactory CRA ratings and addressing a single adverse comment regarding fair lending disparities. Following the resolution of supervisory, financial, and managerial considerations, the combined organization will maintain adequate capital and sound management to operate safely.
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