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Peoples Bancorp of North Carolina, Inc.: Peoples Bancorp Announces Authorization of Stock Repurchase Plan


Peoples Bancorp of North Carolina, Inc.: Peoples Bancorp Announces Authorization of Stock Repurchase Plan
NEWTON, NC / ACCESSWIRE /
March 3, 2021 / Peoples Bancorp of North Carolina, Inc. (Nasdaq:PEBK), the parent company of Peoples Bank, Newton, NC announced today that its Board of Directors has authorized a stock repurchase plan, whereby up to $4.0 million will be allocated to repurchase the Company s common stock. At December 31, 2020, the Company had assets of $1.4 billion and stockholder s equity of $139.9 million.
Any purchases under the Company s repurchase plan may be made periodically as permitted by securities laws and other legal requirements in the open market or in privately-negotiated transactions. The timing and amount of any repurchase of shares will be determined by the Company s management, based on its evaluation of market conditions and other factors. The repurchase plan may be suspended at any time or from time-to-time without prior notice. ....

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