1 unchanged sentence
Peoples' sole banking subsidiary, Peoples Bank, generally owns its offices, related facilities and unimproved real property.
−Removed: At December 31, 2020, Peoples Bank operated 62 offices in Ohio, 12 offices in Kentucky, 10 offices in West Virginia and 1 office in Missouri.
+Added: At December 31, 2021, Peoples Bank operated 66 offices in Ohio, 34 locations in West Virginia, 26 offices in Kentucky, three offices in Virginia, three offices in Washington D.C., one location in Maryland, an insurance premium finance lending office in Missouri and an equipment leasing office in Vermont.
Of these 135 offices, 33 are leased and the rest are owned by Peoples Bank.
−Removed: Peoples Insurance rents office space in various Peoples Bank offices, and also leases office space from third parties in Lyndhurst, Ohio;
−Removed: Sciotoville, Ohio;
−Removed: and in Pikeville, Kentucky.
+Added: Peoples Insurance rents office space in various Peoples Bank offices, and also leases office space from third parties in Sciotoville, Ohio and in Pikeville, Kentucky.
Rent expense on the leased properties totaled $2.0 million in 2021 and $1.6 million in 2020, which excludes intercompany rent expense.
−Removed: The following are the only properties that have a lease term expiring on or before June 2022:
+Added: The following properties have a lease term expiring on or before June 2023:
Location Address Lease Expiration Date
+Added: DuPont Circle 1604 17th Street
+Added: Washingtion, DC March 2022 (a)
+Added: Cincinnati West Loan Production Office 6701 Ruwes Oak Drive, Suite 4
+Added: Cincinnati, Ohio April 2022 (b)
+Added: Charleston Commercial Office 10 Hale Street
+Added: Charleston, West Virginia May 2022 (c)
Lancaster Fair Avenue Office 2211 West Fair Avenue
Lancaster, Ohio March 2023 (a)
−Removed: Lyndhurst Insurance Office 5231 Mayfield Road
−Removed: Lyndhurst, Ohio April 2021 (a)
−Removed: Huntington Business Production Office 1200 Third Avenue
−Removed: Huntington, West Virginia May 2021 (b)
−Removed: Athens Mall Office 801 East State Street
−Removed: Athens, Ohio June 2021 (b)
−Removed: Akron Business Production Office 354 South Main Street
+Added: Premium Finance 600 SW Jefferson, Suite 204
+Added: Lee's Summit, Missouri August 2022 (a)
+Added: Spencer 303 Main Street
+Added: Spencer, West Virginia November 2022 (d)
+Added: West Hamlin 40 Lincoln Plaza
+Added: Branchland, West Virginia December 2022 (a)
+Added: K Street 1501 K Street, NW
+Added: Washington, DC December 2022 (a)
+Added: Sciotoville Insurance 6606 Gallia Street
+Added: Sciotoville, Ohio December 2022 (e)
+Added: Vanceburg AA Highway 67 Commercial Drive, Suite 3
+Added: Vanceburg, Kentucky February 2023 (a)
+Added: Proctorville 7604 County Road 107
+Added: Proctorville, Ohio February 2023 (a)
+Added: North Star Leasing 747 Pine Street
+Added: Burlington, Vermont March 2023 (f)
+Added: Akron Business Production Office 354 South Main Street, Suite 200
Akron, Ohio June 2023 (a)
−Removed: Cincinnati East Loan Production Office 151 Castleberry Court
−Removed: Milford, Ohio June 2021 (b)
North Canton Loan Production Office 125 South Main Street
−Removed: North Canton, Ohio June 2021 (c)
−Removed: Pikeville Insurance Office 108 Trivett Drive
−Removed: Pikeville, Kentucky September 2021 (a)
−Removed: Munroe Falls Office 34 South Main Street
−Removed: Munroe Falls, Ohio December 2021 (a)
−Removed: Cincinnati West Loan Production Office 6701 Ruwes Oak Drive, Suite 4
−Removed: Cincinnati, Ohio April 2022 (d)
−Removed: Charleston Commercial Office 10 Hale Street
−Removed: Charleston, West Virginia May 2022 (b)
+Added: North Canton, Ohio June 2023 (g)
(a) Current lease agreement has no remaining extensions available.
−Removed: (b) Current lease agreement has one three-year extension remaining.
−Removed: (c) Current lease agreement has one two-year extension remaining.
−Removed: (d) Current lease agreement has three five-year extensions remaining.
+Added: (b) Current lease agreement is in final extension.
+Added: (c) Current lease agreement has one three-year extension remaining.
+Added: (d) Current lease agreement will change to a month-to-month lease upon expiration.
+Added: (e) Current lease has one one-year extension remaining.
+Added: (f) Current lease has two three-year extensions remaining.
+Added: (g) Current lease agreement has one two-year extension remaining.
Peoples considers its offices and related facilities to be suitable and adequate for the present needs of Peoples and its subsidiaries.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.