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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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