PeoplesBank NC is wholly owned by Peoples Bancorp of North Carolina, Inc.
Understanding the Ownership Structure
Peoples Bank operates as the banking subsidiary of Peoples Bancorp of North Carolina, Inc., which holds complete ownership of the bank. This means that Peoples Bancorp of North Carolina, Inc. is the sole shareholder, exercising full control and oversight over Peoples Bank's operations.
The corporate office of the parent company, Peoples Bancorp of North Carolina, Inc., is located in Newton, North Carolina. The institution has a rich history, having been established in 1912. Since its inception, it has experienced significant growth and expansion, evolving from a single office to a network of 16 convenient locations across several North Carolina counties.
These counties include:
- Catawba County
- Lincoln County
- Iredell County
- Alexander County
- Mecklenburg County
- Wake County
This ownership model ensures a unified corporate strategy and financial management across all branches and banking services offered by Peoples Bank.
