In what would be its first acquisition in nearly a decade, Peoples Bancorp (PEBO) in Marietta, Ohio, announced Tuesday that it is buying Sistersville Bancorp in West Virginia for $9.8 million in cash.

Sistersville is the holding company for the 79-year-old First Federal Savings Bank. The thrift is one of the smallest institutions in the state, with just $48 million of assets and two branches in Sistersville and Parkersburg.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.