LEBANON, Pa. - Peoples Bancorp said its shareholders had approved a merger with Meridian Bancorp.
A Meridian spokesman said the transaction is valued at about $22 million. He said Meridian, based in Reading, Pa., would swap 0. 9 to 1. I share for each of the 846,220 outstanding shares of Lebanon-based Peoples.
The closing, subject to regulatory approval, is expected by the end of the year.