Question 1

What is Peoples Bank Ohio?

Accepted Answer

Peoples Bank Ohio is a full-service community bank headquartered in Marietta, Ohio, with approximately $9.6 billion in total assets and 135 branch locations. The bank serves individuals, businesses, and organizations throughout Ohio, Kentucky, West Virginia, Virginia, Maryland, and Washington, D.C.

As the primary subsidiary of Peoples Bancorp Inc. (NASDAQ: PEBO), Peoples Bank Ohio emphasizes relationship-driven banking built on local expertise and personalized service. The institution focuses on fostering client success, supporting employees, and making meaningful differences in the communities it serves.

Question 2

When was Peoples Bank Ohio founded?

Accepted Answer

Peoples Bank Ohio was founded in 1902 as the Peoples Banking and Trust Company in Marietta, Ohio. The bank was chartered on February 6, 1902, by a group of local business leaders and community members who sought to create a financial institution dedicated to serving the needs of the local community.

Over its 122-year history, the bank has grown from a single location to a regional financial institution with over 130 branches. In 1982, the institution reorganized into a holding company structure with the formation of Peoples Bancorp Inc., enabling broader financial activities and expansion opportunities.

Strategic growth has been a hallmark of Peoples Bank's evolution. Significant acquisitions include Ohio-Farmers National Bank (1997), The Community Bank (2011), Belmont National Bank (2015), First National Bank of Jackson (2018), and most notably, Premier Financial Bancorp, Inc. in 2021. The Premier Financial acquisition, completed on November 19, 2021, added $2.2 billion in loans and $3.4 billion in deposits, significantly expanding the bank's footprint and establishing it as a major regional player.

Question 3

Where is Peoples Bank Ohio headquartered?

Accepted Answer

Peoples Bank Ohio is headquartered in Marietta, Ohio, a historic city in Washington County along the Ohio River. Marietta, founded in 1788 as the first permanent settlement of the Northwest Territory, provides a fitting home for this institution with over a century of regional banking history.

Question 4

Where does Peoples Bank Ohio operate?

Accepted Answer

Peoples Bank Ohio operates 135 full-service branches across six states and Washington, D.C. The bank's geographic footprint includes Ohio, Kentucky, West Virginia, Virginia, Maryland, and the nation's capital, with the majority of branches concentrated in Ohio and neighboring states.

The bank maintains particularly strong presence in southeastern Ohio, the Ohio Valley region, and has expanded into metropolitan markets including portions of the Washington, D.C. area. This multi-state presence allows Peoples Bank to serve diverse communities ranging from small rural towns to larger urban centers.

Question 5

What services does Peoples Bank Ohio offer?

Accepted Answer

Peoples Bank Ohio provides comprehensive financial services across multiple business lines:

Personal Banking includes checking and savings accounts, money market accounts, certificates of deposit, individual retirement accounts, personal loans, home mortgages, home equity products, and credit cards.

Business Banking offers business checking and savings accounts, commercial lending, lines of credit, merchant services, payroll services, and cash management solutions designed for businesses of all sizes.

Commercial Banking provides specialized lending for commercial real estate, equipment financing, construction loans, and working capital solutions, along with treasury management services for larger commercial clients.

Wealth Management delivers trust services, investment management, retirement planning, estate planning, and fiduciary services to help clients preserve and grow wealth across generations.

Insurance Services through affiliated insurance operations provide comprehensive commercial and personal insurance products, helping clients manage risk and protect assets. Insurance products are not FDIC insured.

Digital Banking includes mobile banking apps with remote deposit, online banking platforms, bill pay services, and digital account opening, providing 24/7 access and convenience.

Question 6

What makes Peoples Bank Ohio unique?

Accepted Answer

Peoples Bank Ohio distinguishes itself through its 122-year legacy of community commitment and relationship banking. The bank was founded on a culture dedicated to meaningful and lasting relationships, and these values continue to guide decision-making and operations today.

The institution's three core commitments define its unique approach: fostering client success through personalized service and local expertise, supporting employees through professional development and comprehensive benefits including tuition reimbursement and wellness programs, and making meaningful community differences through the Peoples Bancorp Foundation.

Since its inception in 2003, the Peoples Bancorp Foundation has awarded $7.1 million in grants and scholarships to local nonprofits and area students. Employee engagement is exceptional, with associates contributing over $500,000 of their own funds to local food banks since April 2020 through the Jeans for Hunger program.

Peoples Bank operates under the philosophy of "Working Together. Building Success," emphasizing that banking is about relationships, not just transactions. The bank's commitment to local and personalized service ensures clients receive financial solutions tailored to their specific needs, whether opening a checking account or managing complex commercial financing.

Question 7

What type of financial institution is Peoples Bank Ohio?

Accepted Answer

Peoples Bank Ohio is a State Member Bank, chartered under Ohio state law and a member of the Federal Reserve System. It operates as the principal subsidiary of Peoples Bancorp Inc., a publicly traded bank holding company listed on the NASDAQ Stock Market under the ticker symbol "PEBO."

As a state member bank, Peoples Bank maintains regulatory oversight from both the Ohio Division of Financial Institutions and the Federal Reserve, with deposits insured by the FDIC. This dual regulatory framework combines the operational flexibility of a state charter with the stability and resources associated with Federal Reserve membership.

The bank's structure enables it to function as both a community bank serving local markets with personalized service and a regional financial institution with nearly $10 billion in assets capable of meeting sophisticated commercial and wealth management needs. This positioning allows Peoples Bank to compete effectively across diverse markets while maintaining the community-focused culture established at its founding in 1902.

Peoples Bank Ohio

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About Peoples Bank Ohio in the United States