Peoples Bancorp Announces CEO Lance Sellers to Retire; COO Bill Cable Appointed as Successor

PEOPLES BANCORP OF NORTH CAROLINA INC

CEO Lance Sellers to retire in early 2025 after 12 years leading the company.
COO Bill Cable appointed President and CEO effective September 19, 2024; Cable has been COO since 2000.
Under Sellers, assets grew from $1B to $1.6B and shareholder total return exceeded 380%.
Sellers served 40 years in banking, 26 with Peoples Bank.

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