The Federal Reserve Board announced on Friday, September 25, 2026, its approval of an application filed by Peoples Bancorp Inc. of Marietta, Ohio. The approval allows the company to proceed with a merger with Citizens National Corporation, which is based in Paintsville, Kentucky.

Under the terms of the approved application, Peoples Bancorp will indirectly acquire Citizens Bank of Kentucky, Inc. Additionally, the Board authorized Peoples Bank of Marietta, Ohio, to merge with Citizens Bank of Kentucky, Inc. and to establish and operate branches at the locations of Citizens Bank of Kentucky, Inc.