Peoples Bancorp (PEBO) has issued an announcement.
Peoples Bancorp Inc. has updated its change in control agreement with President and CEO Tyler J. Wilcox, ensuring he receives significant financial benefits and continued insurance coverage if he’s terminated around the time of a company takeover, with certain conditions. This deal also imposes a 15-month non-compete clause on Wilcox, preventing him from working with competing banks in the same market following his departure.
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