Peoples Bancorp Inc. and Peoples Bank Announces Board Changes
October 28, 2020 at 02:45 am IST
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Peoples Bancorp Inc. ("Peoples") announced that David L. Mead plans to step down as Chairman of the Board of Peoples and its banking subsidiary, Peoples Bank, on October 31, 2020. Mr. Mead also plans to retire from the Boards of Directors of Peoples and Peoples Bank, effective March 31, 2021. Mr. Mead has served on the Boards of Directors of Peoples Bank and Peoples since 2005 and 2006, respectively, and as Chairman of the Board of both companies since 2016. With the announcement of Mr. Mead's retirement, the Peoples Board of Directors elected Susan D. Rector, a current independent director, as Chairman of the Board. Ms. Rector will also serve as Chairman of the Board of Directors of Peoples Bank. Ms. Rector has been a director of Peoples Bancorp Inc. and Peoples Bank since 2011. Since 2018, Ms. Rector has served as Chair of the Compensation Committee of the Board of Directors of Peoples, and from 2012 until 2018, she served as Chair of the Governance and Nominating Committee. Ms. Rector, a native of Parkersburg, West Virginia, is an attorney and partner in the law firm of Peterson Conners LLP, in Columbus, Ohio, where she has practiced law since April 2017.
Peoples Bancorp Inc. is a diversified financial services holding company. The Company provides a complete line of commercial and consumer banking, trust and investment, insurance, premium financing solutions, equipment leases and equipment financing agreements through its financial subsidiaries - Peoples Bank, Peoples Insurance and Vantage. These products and services include various demand deposit accounts, savings accounts, money market accounts, certificates of deposit and governmental deposits; home equity lines of credit, insurance premium financing; commercial equipment leasing; technology equipment leasing, and debit and automated teller machine (ATM) cards. Its financial products and services are offered through its financial service offices, ATMs, and interactive teller machines as well as through online resources that are Web-based and mobile-based. It has approximately 133 full-service bank branches in Ohio, Kentucky, West Virginia, Virginia, Washington D.C. and Maryland.