MARIETTA, Ohio, April 16, 2020 /PRNewswire/ -- Peoples
Bancorp Inc. ("Peoples") (Nasdaq: PEBO) today announced that
its banking subsidiary, Peoples Bank, has helped over 2,350
business clients obtain SBA authorization for loans under the SBA
Paycheck Protection Program ("PPP") totaling $422 million. A portion of the loans have
already been funded, with the remaining loans to be funded over the
next two weeks.
"We are proud to have helped so many local businesses
navigate through this difficult time period. We are a top 100
national SBA 7(a) lender. That background and experience helped us
deliver for our clients and even helped us gain a few new ones,"
said Chuck Sulerzyski, Peoples'
President and Chief Executive Officer. "There is no better example
of our motto Working Together. Building Success. Associates
from multiple areas of the bank pulling together quickly to get the
job done for our clients and communities. We look forward to
continuing to help individuals and businesses with future programs
that respond to the COVID-19 pandemic as they become
available."
Peoples is a diversified financial services holding company
with $4.4 billion in total assets, 88 financial service
locations, including 77 full-service bank branches and 85 ATMs
in Ohio, Kentucky and West Virginia. Peoples
makes available a complete line of banking, investment, insurance
and trust solutions through its subsidiaries - Peoples Bank and
Peoples Insurance Agency, LLC. Peoples' common shares are
traded on The Nasdaq Global Select Market® under the symbol "PEBO",
and Peoples is a member of the Russell 3000 index of U.S.
publicly-traded companies. Learn more about Peoples
at www.peoplesbancorp.com.
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SOURCE Peoples Bancorp Inc.