Peoples Bancorp Inc. ("Peoples") (Nasdaq: PEBO), parent company of Peoples Bank, announced today that it has completed its acquisition of Premier Financial Bancorp, Inc. ("Premier") (Nasdaq: PFBI) and Premier's wholly-owned subsidiaries, Premier Bank, Inc. ("Premier Bank") and Citizens Deposit Bank & Trust, Inc. ("Citizens"). The acquisition became effective as of the close of business on September 17, 2021. Peoples and Premier first announced that they had entered into an agreement to merge on
PREMIER FINANCIAL BANCORP, INC. (PREMIER), (NASDAQ/GMS-PFBI) a $2.1 billion financial holding company with two community bank subsidiaries announced today that it will pay a third quarter cash dividend of $0.15 per share on its common stock. At its regularly scheduled August meeting, the board of directors declared a $0.15 per share dividend to common shareholders of record on September 1, 2021. The cash dividend will be paid to shareholders on September 15, 2021.
PREMIER FINANCIAL BANCORP, INC. (PREMIER), (NASDAQ/GMS-PFBI), a $2.1 billion financial holding company with two community bank subsidiaries, announced its financial results for the second quarter of 2021. Premier realized net income of $5,174,000 (35 cents per diluted share) during the quarter ended June 30, 2021, a 6.0% decrease from the $5,506,000 of net income reported for the second quarter of 2020. The decrease in net income in the second quarter of 2021 is largely due to an increase in non