Peoples Bancorp of North Carolina, Inc. (PEBK) is a Newton-based bank holding company that got incorporated in 1999. It is the parent company of Peoples Bank, a prominent lending institution in North Carolina that got established in 1912.
Peoples Bancorp primarily provides banking services through Peoples Bank, offering a range of financial products and services to individuals and companies, primarily in North Carolina. It operates through three main segments: commercial/retail banking, mortgage banking, and insurance services. Its strategy aligns with a customer-centric focus, high-quality service, and active community support, making it a leading financial institution in North Carolina.
The bank's services encompass deposit products like savings, checking, and money market accounts, plus time deposits. Peoples Bank also offers various loans like commercial, construction and land development, residential mortgage, and consumer loans. A significant portion of the bank's portfolio extends to real estate loans including commercial, residential, and construction loans.
Additionally, Peoples Bank provides a suite of digital banking solutions, including online banking, mobile banking, and internet bill payment services, catering to the fast-paced, tech-driven banking needs of its customers.
Peoples Bancorp's insurance segment provides credit-related insurance products. Moreover, it provides wealth management services, such as financial planning, estate planning, trust services, and mutual funds investment.
The company's proud history gets reflected in its business acumen and the strong association with the communities it serves. The dedication and hard work ensure a progressive growth pattern and a stable platform for stockholders. Over the years, People’s Bancorp has shown steady growth, with its assets reaching $1.9 billion in December 2020.
Peoples Bancorp has an efficient management team that has successfully steered the company through various economic cycles. PEBK stays committed to serving its customers and community with integrity and transparency.
Corporation’s commitment to the community extends beyond its banking services. It actively supports community development and contributes to local charities, schools, and local business growth. As of today, People’s Bancorp continues to serve its clients with dedication, providing comprehensive financial solutions as per their evolving needs.