Bailout Bank Bio: Peoples Bancorp of North Carolina

Aug 6, 2009 | 1 min read | Print Article

Peoples Bancorp of North Carolina, Inc. is the holding company for Peoples Bank. The company is headquartered in Newton, North Carolina, and operates 17 banking offices in the state. In December, PBNC entered into an agreement with the Treasury Department to exchange more than 25,000 shares of the company’s preferred stock and a warrant for more than 357,000 shares of the company’s common stock for $25.1 million in cash through the Capital Purchase Program.

Federal Equity Investment	$25.1 million
Total Revenue	$67.2 million (2008)
Net Income	$6.4 million (2008)
Number of Employees	270
Corporate Headquarters	Newton, North Carolina
Business Sector	Banking
Officers and Directors	Wolfe, Tony, President, Chief Executive Officer Other Officers and Directors
Corporate Website	http://www.peoplesbanknc.com
Executive Compensation	Peoples Bancorp of North Carolina