NASDAQ, PEBK - Peoples Bancorp NC
Peoples Bancorp of North Carolina, Inc. (the Company), was formed in 1999 to
serve as the holding company for Peoples Bank (the Bank). The Company is a bank
holding company registered with the Board of Governors of the Federal Reserve
System (the Federal Reserve) under the Bank Holding Company Act of 1956, as
amended (the BHCA). The Companys sole activity consists of owning the Bank. The
Companys principal source of income is any dividends which are declared and paid
by the Bank on its capital stock. The Company has no operations and conducts no
business of its own other than owning the Bank. Accordingly, the discussion of
the business which follows concerns the business conducted by the Bank, unless
otherwise indicated. ...
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