Cornerstone Capital Bank to Acquire Peoples Bank in $3.1B Merger, Expanding Texas Footprint

Cornerstone Capital Bank has signed a definitive agreement to acquire Peoples Bank, uniting two Texas-based institutions in a deal that will create a $3.1 billion-asset franchise and strengthen both banks’ reach across the state.

The transaction, approved unanimously by both boards, is expected to close in the first quarter of 2026, pending regulatory and shareholder approvals.

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