Peoples Bank, a Lubbock-based subsidiary of Peoples Bancorp, Inc., announced recently that it has entered into an agreement to merge with Houston-based Cornerstone Capital Bank, a subsidiary of Cornerstone Bancorp, Inc.

Upon closing, expected in the first quarter of 2026, Peoples Bank will operate as “Peoples Bank, a Division of Cornerstone Capital Bank," according to a news release.

“Peoples Bank has proudly served our communities as a trusted local bank for many years,” said Larry Allen, CEO and Chairman of Peoples Bank. “We’ve built our reputation on hiring great people, empowering them to make local decisions, and staying deeply engaged in the markets we serve. By joining Cornerstone, a highly capitalized bank with complementary businesses, we gain the resources to better serve our c

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