Home Energy services Peoples Bancorp Inc. elects new director

Peoples Bancorp Inc. elects new director


Posted: October 26, 2021, 4:05 p.m. EDT|Update: 2 hours ago

MARIETTA, Ohio, October 26, 2021 / PRNewswire / – Peoples Bancorp Inc. (“Peoples”) (Nasdaq: PEBO) today announced that Douglas V. Reynolds was elected to the People’s Administrative Council. He also joined the board of directors of Peoples’ banking subsidiary, Peoples Bank. Mr. Reynolds, 45, was previously a member of the board of directors of Premier Financial Bancorp, Inc. (“Premier”) until Premier was acquired by Peoples on September 17, 2021.

“We are delighted to welcome Doug to our board of directors,” said Susan Rector, President of the People. “We appreciate his willingness to serve and look forward to benefiting from his ideas.”

Chuck sulerzyski, President and CEO of Peoples, said he too was pleased with Mr. Reynold’s election. “His varied career as a business leader in several sectors and his in-depth knowledge of West Virginia the markets served by the people will be invaluable. I am delighted that he is joining us. “

Mr. Reynolds had been a member of the Premier Board of Directors since August 19, 2020, and has served on the nomination and compensation committees of Premier.

Mr. Reynolds is President and Chief Executive Officer of Energy Services of America Corporation (“Energy Services”), Huntington, West Virginia, a position he has held since 2012. Energy Services provides outsourcing services for utilities and energy-related businesses, including the gas, petroleum, chemicals, water and sewerage and automotive. Mr. Reynolds has served on the Energy Services Board of Directors since 2008.

Mr. Reynolds is also a Managing Partner of HD Media Company, LLC, Huntington, West Virginia, a position he has held since 2013. HD Media Company, LLC, owns several newspapers in West Virginia, including the Herald-Dispatch in Huntington and the Charleston Gazette-Mail in Charleston.

Mr. Reynolds is also the non-executive chairman of the board of directors of the Bank of Mingo, in Mingo, West Virginia, a position he has held since 2019.

A certified lawyer, Mr. Reynolds served as Deputy Attorney for Cabell County, West Virginia, from 2008 to 2013, and was a member of the West Virginia House of Delegates from 2007 to 2016. Mr. Reynolds holds a BA from duke university, and a JD diploma from University of West Virginia.

At September 17, 2021, Peoples announced that they had completed the acquisition of Premier and its wholly owned subsidiaries, Premier Bank, Inc. and Citizens Deposit Bank & Trust, Inc. Peoples and Premier had first announced that they had entered into a merger agreement the March 29, 2021. Under the terms of the merger agreement, following completion of the acquisition, a director of Premier selected by Peoples was to join the board of directors of Peoples.

Peoples is a diversified financial services holding company that offers a full range of banking, trust and investment, insurance, premium financing and equipment leasing solutions through its subsidiaries. Peoples is headquartered at Marietta, Ohio since 1902. The peoples had $ 7.1 billion in total assets at September 30, 2021, and 135 locations, including 120 full-service bank branches in Ohio, West Virginia, Kentucky, Virginia, Washington DC and Maryland. Peoples’ vision is to be the best community bank in America and is one of sixteen banks nationwide to be recognized by Forbes in 2021 as the best state bank in more than one state.

Peoples is a member of the Russell 3000 Index of US publicly traded companies. Peoples provides services through Peoples Bank (which includes the divisions of Peoples Investment Services, Peoples Premium Finance and North Star Leasing) and Peoples Insurance Agency, LLC.

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