1340 AM, Sunday, September 7th, 2008
Peoples Bancorp Goes Private
Last updated on Thursday, January 03, 2008
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(AUBURN) - Peoples Bancorp is taking itself private.
The Auburn-based bank will buy back its stock from small shareholders for $16.75 a share. Anyone with more than 760 shares will keep his stock, but that's only a few hundred people, which will make the bank ineligible to keep its listing on the NASDAQ.
Peoples says its shares don't trade much anyway, and going private will eliminate a lot of regulatory paperwork.
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