The Federal Reserve Board announced on January 30, 2026, its approval of Cornerstone Capital Bancorp, Inc.’s application to acquire Peoples Bancorp, Inc., and indirectly acquire Peoples Bank, both based in Lubbock, Texas. The decision follows a review of the application, which was submitted by Cornerstone Capital Bancorp, Inc., headquartered in Houston, Texas. The approval allows the transaction to proceed, subject to regulatory requirements. The Federal Reserve Board emphasized its commitment to ensuring the stability and integrity of the financial system during the process. For media inquiries, contact media@frb.gov or 202-452-2955.
https://www.federalreserve.gov/newsevents/pressreleases/orders20260130a.htm
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