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Peoples Bancorp Of North Carolina (PEBK) just unveiled an update.
Peoples Bancorp of North Carolina, Inc. is set for a leadership change as Lance A. Sellers, the current President and CEO, plans to retire in early 2025. The Boards have appointed William D. Cable, Sr., the present Executive Vice President and COO, as the successor starting September 19, 2024. The company is preparing for a smooth transition with anticipated amendments to both executives’ employment agreements. This strategic move, initially announced in a press release, aims to maintain the firm’s stability and confidence among stakeholders in the financial market.
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