M&A · Financials · Life Insurance
Peoples Bancorp Inc to acquire Citizens, Inc.
Announced Apr 21, 2026 · Announced
Deal value$77M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationCash and stock
Transaction
- Acquirer
- Peoples Bancorp Inc (PEBO)
- Target
- Citizens, Inc. (CIA)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Announced
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Raymond James
- To the target
- Not disclosed
Sector context · Financials
- Comparable deals
- 74 in the prior 24 months
- Premium
- Sector median 35.9%
- EV / Adj. EBITDA
- Sector median 13.6x
- Break fee
- Sector median 3.7%
Timeline
- AnnouncedApr 21, 2026
- ClosedPending