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.

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