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Peoples Bancorp-ASB Financial deal secures regulatory approvals

Marietta, Ohio-based Peoples Bancorp Inc. has secured all the requisite regulatory approvals for its merger with Portsmouth, Ohio-based ASB Financial Corp. and Peoples Bank's merger with American Savings Bank FSB.

In a press release, Peoples Bancorp also said that on March 9, the shareholders of ASB Financial approved the deal.

Peoples Bancorp expects the deal to close in the second quarter.

Peoples Bank and American Savings Bank are units of Peoples Bancorp and ASB Financial, respectively.