MARIETTA - Peoples Bancorp Inc., holding company for Peoples Bank, has signed a definitive agreement to acquire all of the outstanding common stock of Sistersville Bancorp Inc., holding company of First Federal Savings Bank, which operates two full-service branches in Sistersville and Parkersburg. The transaction will provide Peoples further growth opportunities in Parkersburg and an entry into the Sistersville market.
The transaction is subject to customary closing conditions, including regulatory approvals and Sistersville shareholder approval, and is anticipated to be completed in the third quarter of 2012.
At that time, First Federal Savings' offices will become branches of Peoples Bank. At March 31, 2012, Sistersville Bancorp had total assets of $48 million, total loans of $28 million and total deposits of $38 million.