Peoples Bancorp of North Carolina, Inc. (PEBK) Stock

Peoples Bancorp of North Carolina, Inc. serves as the holding company for Peoples Bank, offering a comprehensive range of banking products and services to individuals, small businesses, and medium-sized enterprises across North Carolina. Established in 1912 and headquartered in Newton, North Carolina, Peoples Bancorp provides various deposit options including checking accounts, savings accounts, money market accounts, time deposits, demand deposits, and certificates of deposit, ensuring a secure and flexible banking experience for its customers.

The bank's lending portfolio is diverse, encompassing commercial real estate loans, commercial loans, construction and land development loans, single-family residential mortgages, residential mortgage loans, and individual taxpayer identification number (ITIN) mortgage loans. Peoples Bancorp supports local farmers and agricultural businesses with specialized agricultural loans, contributing to the economic vitality of rural communities. Additionally, the bank offers investment counseling services and non-deposit investment products such as stocks, bonds, mutual funds, and tax-deferred annuities, complemented by related brokerage services.

In addition to its core banking and lending activities, Peoples Bancorp operates as a clearing-house for appraisal services for community banks and provides real estate appraisal and brokerage services. The company also engages in the acquisition, management, and disposal of real property and other assets obtained through debt collection processes. With a network of 17 banking offices and several loan production offices strategically located across North Carolina, including major cities like Charlotte, Raleigh, and Cary, Peoples Bancorp of North Carolina remains dedicated to meeting the financial needs of its customers while fostering community growth and development.