---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-009690"
form_type: "8-K"
ticker: "PEBK"
cik: "0001093672"
company_name: "PEOPLES BANCORP OF NORTH CAROLINA INC"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:15:01.142621+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-24-009690
- form_type: 8-K
- ticker: PEBK
- cik: 0001093672
- company_name: PEOPLES BANCORP OF NORTH CAROLINA INC
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1093672/000165495424009690/0001654954-24-009690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1093672/000165495424009690/pebk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-009690
- JSON: https://secwatch.observer/filing/0001654954-24-009690.json
- Plain text: https://secwatch.observer/filing/0001654954-24-009690.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.