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Peoples Bancorp authorizes repurchase of up to $3M in stock

Peoples Bancorp (PEBK) of North Carolina, the parent company of Peoples Bank, announced that its board of directors has authorized a stock repurchase program, whereby up to $3.0M will be allocated to repurchase the company’s common stock. At December 31, 2024, the company had assets of $1.65B and shareholders’ equity of $130.6M, it noted.

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