MARIETTA, Ohio, Oct. 26, 2021 /PRNewswire/ -- Peoples Bancorp
Inc. ("Peoples") (Nasdaq: PEBO) today announced that Douglas V. Reynolds has been elected to the
Peoples Board of Directors. He also joined the Board of
Directors of Peoples' banking subsidiary, Peoples Bank. Mr.
Reynolds, 45, formerly served as a member of the Board of Directors
of Premier Financial Bancorp, Inc. ("Premier") until Premier was
acquired by Peoples on September 17,
2021.
"We are pleased to welcome Doug to our board," said Susan Rector, Peoples' Chairman. "We appreciate
his willingness to serve and look forward to benefiting from his
insights."
Chuck Sulerzyski, President and
Chief Executive Officer for Peoples, said that he too is pleased
with Mr. Reynold's election. "His varied career as a business
leader in a number of industries and his in-depth knowledge of the
West Virginia markets served by
Peoples will be of tremendous value. I'm delighted to have
him join us."
Mr. Reynolds was a member of the Board of Directors of Premier
since August 19, 2020, and he served
on Premier's Nominating and Compensation Committees.
Mr. Reynolds is President and Chief Executive Officer of Energy
Services of America Corporation ("Energy Services"), Huntington, West Virginia, a position he has
held since 2012. Energy Services provides contracting
services for utilities and energy related companies, including gas,
petroleum power, chemical, water and sewer and automotive
industries. Mr. Reynolds has served on the Board of Directors
of Energy Services since 2008.
Mr. Reynolds is also Managing Partner of HD Media Company, LLC,
Huntington, West Virginia, a
position he has held since 2013. HD Media Company, LLC, owns
several newspapers in West
Virginia, including the Herald-Dispatch in Huntington and the Charleston Gazette-Mail in
Charleston.
Mr. Reynolds also serves as non-executive Chairman of the Board
of Directors of the Bank of Mingo,
in Mingo, West Virginia, a
position he has held since 2019.
A licensed attorney, Mr. Reynolds served as Assistant
Prosecuting Attorney for Cabell County,
West Virginia, from 2008 to 2013, and he served as a member
of the West Virginia House of Delegates from 2007 to 2016.
Mr. Reynolds holds a B.A. degree from Duke
University, and a J.D. degree from West
Virginia University.
On September 17, 2021, Peoples
announced that it completed its acquisition of Premier and its
wholly owned subsidiaries, Premier Bank, Inc. and Citizens Deposit
Bank & Trust, Inc. Peoples and Premier had first
announced that they had entered into an agreement to merge on
March 29, 2021. Under the terms
of the agreement to merge, following consummation of the
acquisition, one Premier director selected by Peoples was to join
Peoples' Board of Directors.
Peoples is a diversified financial services holding company that
makes available a complete line of banking, trust and investment,
insurance, premium financing and equipment leasing solutions
through its subsidiaries. Peoples has been headquartered in
Marietta, Ohio since 1902. Peoples
had $7.1 billion in total assets as
of September 30, 2021, and 135
locations, including 120 full-service bank branches in Ohio, West
Virginia, Kentucky,
Virginia, Washington D.C. and Maryland. Peoples'
vision is to be the Best Community Bank in America and is one of
only sixteen banks nationwide to be recognized by Forbes in 2021 as
a Best-In-State Bank in more than one state.
Peoples is a member of the Russell 3000 index of U.S.
publicly-traded companies. Peoples offers services through Peoples
Bank (which includes the divisions of Peoples Investment Services,
Peoples Premium Finance and North Star Leasing) and Peoples
Insurance Agency, LLC.
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SOURCE Peoples Bancorp Inc.