PEOPLES BANCORP COMPLETES ACQUISITION OF LIMESTONE BANCORP

MARIETTA, Ohio, May 1, 2023 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (Nasdaq:PEBO), parent company of Peoples Bank, announced today that it has completed its acquisition of Limestone Bancorp, Inc. ("Limestone") (NASDAQ:LMST) and Limestone's wholly-owned subsidiary, Limestone Bank, Inc. ("Limestone Bank").  The acquisition became effective as of the close of business on April 30, 2023.  Peoples and Limestone first announced that they had entered into an agreement to merge on October 25, 2022.  Under the terms of the agreement, shareholders of Limestone received 0.90 shares of Peoples common stock for each share of Limestone common stock.  At March 31, 2023, Limestone had approximately $1.5 billion in total assets, $1.1 billion in total loans and $1.2 billion in total deposits.