PEOPLES BANCORP INC
8-K, 1999-11-04
STATE COMMERCIAL BANKS
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


               November 2, 1999
- -------------------------------------------------
(Date of Report (Date of earliest event reported)


                              PEOPLES BANCORP INC.
              ----------------------------------------------------
             (Exact name of Registrant as specified in its charter)


                                     0-16772
                             ----------------------
                             Commission File Number


                        Ohio                           31-0987416
- ----------------------------------------------     ------------------
(State or other jurisdiction of incorporation)       (I.R.S. Employer
                                                  Identification Number)

          138 Putnam Street
             P.O. Box 738,
             Marietta, Ohio                                 45750
- ----------------------------------------              -----------------
(Address of principal executive offices)                 (Zip Code)


               Registrant's telephone number, including area code:
                                 (614) 373-3155


                                 Not applicable
           -----------------------------------------------------------
          (Former name or former address, if changed since last report)




                           Index to Exhibits on page 3


Item 1.  Changes in Control of Registrant
         Not applicable.

Item 2.  Acquisition or Disposition of Assets
         Not applicable.

Item 3.  Bankruptcy or Receivership
         Not applicable.

Item 4.  Changes in Registrant's Certifying Accountant
         Not applicable.

Item 5.  Other Events
         On November 2, 1999 Peoples Bancorp Inc. announced that Northwest
Territory Property and Casualty Insurance Agency, Inc. a division of Peoples
Bancorp, has acquired the Lambert Insurance Agency of Pomeroy, Ohio. The
release is included herewith as Exhibit 99.

Item 6.  Resignations of Registrant's Directors
         Not applicable.

Item 7.  Financial Statements and Exhibits
         (a) Non required
         (b) Non required
         (c) Exhibits.

              EXHIBIT NUMBER        DESCRIPTION
              --------------        -----------------------------
                   99               News Release November 2, 1999

Item 8.  Change in Fiscal Year
         Not applicable.

Item 9.  Sales of Equity Securities Pursuant to Regulation S
         Not applicable.



                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



DATE:  November 2, 1999                 PEOPLES BANCORP INC.
                                        --------------------
                                        Registrant



                                 By:/s/ ROBERT E. EVANS
                                        Robert E. Evans
                                        President and Chief Executive Officer




                                INDEX TO EXHIBITS


Exhibit Number               Description                            Page
- --------------------         -----------------------------    ---------------

          99                 News Release November 2, 1999          4




                                   EXHIBIT 99

NEWS RELEASE
- ---------------------

FOR IMMEDIATE RELEASE            Contact:  Larry A. Holdren
November 2, 1999                           Vice President and Executive Officer
                                          (740) 373-3155


                    PEOPLES BANCORP ACQUIRES INSURANCE AGENCY
         ---------------------------------------------------------------

        Lambert Insurance Agency of Pomeroy, Ohio, Joins Peoples Bancorp

         MARIETTA,  Ohio - Peoples Bancorp Inc. (Nasdaq:  PEBO) today announced
that Northwest  Territory  Property and Casualty Insurance Agency,  Inc.
("Northwest Territory Property & Casualty"), a division of Peoples Bancorp,
has acquired the Lambert  Insurance Agency in a cash transaction that is
structured as a purchase transaction by Peoples Bancorp.
         Located in Pomeroy, Ohio, the Lambert Insurance Agency is a full
service agency and seller of health, life, property and casualty insurance, and
has served the Meigs County area since 1986. Lambert Insurance Agency will
retain its name and operate as a division of Northwest Territory Property &
Casualty, which provides a complete line of high quality, competitively priced,
auto, home, business, life and mortgage protection products to consumers in Ohio
and West Virginia.
         Larry Holdren, Vice President and Executive Officer of Peoples Bancorp,
commented, "Our partnership with Lambert Insurance Agency is an exciting step in
the growth of our insurance operation. The Lambert Agency fits well in our
mid-Ohio Valley markets and allows us to increase financial service offerings in
Meigs County and the surrounding areas."
         In addition to continuing her employment at the Pomeroy office,
principal owner, Sally Lambert will serve as a board member of Northwest
Territory Life Insurance Agency, Inc., and will also serve as Vice President of
Northwest Territory Property & Casualty.
         David Mitchem, President of Northwest Territory Property & Casualty,
commented, "We plan to penetrate the insurance market more effectively due to
Lambert's increased number of insurance carriers, which brings added value to
our current and future client relationships."
         Peoples Bancorp Inc. is a diversified financial services holding
company head quartered in Marietta, Ohio, with over $1 billion in assets.
Peoples Bancorp, which is Y2K ready, operates 37 financial service locations in
the states of Ohio, West Virginia, and Kentucky. Peoples Bancorp's banking
subsidiaries include The Peoples Banking and Trust Company with offices in Ohio
and West Virginia; The First National Bank of Southeastern Ohio with three Ohio
offices; and Peoples Bank FSB, with four Kentucky offices. Through its
subsidiaries, Peoples Bancorp offers complete banking services and makes
available other financial services, such as trust services, and investment and
insurance products. Peoples Bancorp's common stock is traded through the Nasdaq
National Market System under the symbol "PEBO." Learn more about Peoples Bancorp
or enroll in Peoples OnLine Connection at www.peoplesbancorp.com.

                                 END OF RELEASE


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