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PEOPLES BANCORP INC. ANNOUNCES RETIREMENT OF DOUGLAS V.

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MARIETTA, Ohio, Jan. 16, 2026 /PRNewswire/ -- Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) today ...

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AI Summary

Douglas V. Wyatt to retire as Chief Commercial Banking Officer in 2026. Ron J. Majka appointed to succeed Wyatt, effective April 2026. Majka brings 30 years of commercial banking experience. Peoples Bancorp reports $9.6 billion in total assets as of September 2025. Company has a strong history of financial stability and growth.

Sentiment Rationale

Leadership transition often leads to renewed strategic focus and growth opportunities. Historical data shows successful leadership changes generally improve investor confidence.

Trading Thesis

This leadership change signifies a strategic repositioning that may positively influence performance over several years. Past transitions have shown that effective successors may enhance company performance and market perception.

Market-Moving

  • Douglas V. Wyatt to retire as Chief Commercial Banking Officer in 2026.
  • Ron J. Majka appointed to succeed Wyatt, effective April 2026.
  • Majka brings 30 years of commercial banking experience.

Key Facts

  • Douglas V. Wyatt to retire as Chief Commercial Banking Officer in 2026.
  • Ron J. Majka appointed to succeed Wyatt, effective April 2026.
  • Majka brings 30 years of commercial banking experience.
  • Peoples Bancorp reports $9.6 billion in total assets as of September 2025.
  • Company has a strong history of financial stability and growth.

Companies Mentioned

  • HBAN (HBAN)
  • FNB (FNB)
  • PNC (PNC)

Corporate Developments

Leadership changes at the executive level can significantly impact strategic direction and investor sentiment, especially in the banking sector.

Peoples Bancorp Inc. Announces Retirement of Douglas V. Wyatt and Successor Appointment

Peoples Bancorp Inc. ("Peoples") (NASDAQ: PEBO) has officially announced the retirement of Douglas V. Wyatt from his positions within the company and its banking subsidiary, Peoples Bank, effective April 3, 2026. Mr. Wyatt, who has been the Executive Vice President and Chief Commercial Banking Officer of Peoples since 2017, will be succeeded by Ron J. Majka, effective April 4, 2026.

Mr. Wyatt's Tenure and Contributions

Since joining Peoples, Mr. Wyatt has played a pivotal role in steering the commercial banking division through various challenges and driving the company's growth. Tyler Wilcox, President and CEO of Peoples, expressed gratitude to Mr. Wyatt for his "hard work and outstanding leadership over these past eight years." He noted that Mr. Wyatt has been instrumental in the evolution of Peoples' commercial banking business.

Appointment of Ron J. Majka as Chief Commercial Banking Officer

Ron J. Majka will take over as the Executive Vice President and Chief Commercial Banking Officer at Peoples and Peoples Bank. Mr. Wilcox expressed his enthusiasm about the appointment, stating that Majka "will bring a tremendous amount of knowledge and experience to the position" and highlighted his capacity as a proven leader in the commercial banking sector.

Background of Ron J. Majka

Mr. Majka brings nearly 30 years of experience in the financial services industry, with a specific focus on commercial banking. He had joined Peoples Bank in September 2025 as Executive Vice President – Commercial Banking, aligning with the company's succession planning strategy. Previously, he led Upper Middle Market Banking for Huntington National Bank in Cleveland, Ohio, and has held various leadership roles in loan syndications across multiple banks.

His professional journey includes:

  • Head of Upper Middle Market Banking at Huntington National Bank (2022-present)
  • Head of Loan Syndications for Huntington (2017-2021)
  • Head of Loan Syndications for FirstMerit Bank (2011-2017)
  • Senior Vice President, Head of Commercial Banking at Liberty Bank (2008-2011)
  • Various commercial banking roles at National City Bank (1996-2008)

Company Background and Financial Position

Peoples Bancorp Inc. is a diversified financial services holding company, offering a comprehensive range of services, including banking, trust and investment solutions, insurance, and premium financing. Established in Marietta, Ohio, in 1902, Peoples has a long-standing legacy of financial strength and community contribution. As of September 30, 2025, the company reported $9.6 billion in total assets, operating across 145 locations, which includes 127 full-service bank branches in states such as Ohio, Kentucky, West Virginia, Virginia, Washington D.C., and Maryland.

Peoples is also a member of the Russell 3000 index of U.S. publicly traded companies and offers products and services through its subsidiaries, including Peoples Bank and its various divisions.

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