Peoples Bancorp

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Peoples Bancorp (OTC PINK: PBNI) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Peoples Bancorp (“Peoples” or the “Company”) (OTC PINK: PBNI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Horizon Bancorp (“Horizon”) (NASDAQ GS: HBNC), in a transaction valued at approximately $73.1 million.

Under the terms of the agreement, shareholders of Peoples will receive $9.75 in cash and 0.95 Horizon common shares for each share of Peoples common stock.  Based on Horizon’s closing stock price on February 18, 2015, Peoples shareholders would have received consideration valued at approximately $31.62 per share.

The investigation concerns whether Peoples’ board of directors failed to adequately shop the Company and obtain the best possible value for Peoples’ shareholders before entering into an agreement with Horizon.

If you own the common stock of Peoples and purchased your shares before February 19, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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