The McPeake family of Belfast, Ireland has a song called the Banks of the OBD
(obeedee? obidi?) with lyrics similar to the Banks of the Old Pedee.
The notes on the album cover mention the similarity to the American Old Pedee song, but don't say where the McPeakes learned this song.

Different tune from that of Banks of the O-hi-o but it's clear that the latter is based on an older song.