Peoples Bancorp authorizes $2M stock repurchase plan

PEOPLES BANCORP OF NORTH CAROLINA INC

Board authorized up to $2M to repurchase common stock (Nasdaq: PEBK).
Repurchases may occur in open market or private transactions; timing subject to market conditions.
As of March 31, 2024, company had $1.7B assets and $121.1M equity.
CEO Lance Sellers cited strong balance sheet and capital position as rationale.

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