Peoples Bancorp adopts amended bylaws with majority voting for director elections

PEOPLES BANCORP OF NORTH CAROLINA INC

Board adopted Third Amended and Restated Bylaws on January 16, 2025.
Amendments implement a majority voting standard in uncontested director elections.
Change was approved by shareholders at the 2021 annual meeting.
New bylaws replace the Second Amended and Restated Bylaws entirely.
No change to fiscal year; amendment is effective immediately.

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