Peoples Bancorp of North Carolina, Inc. (PEBK: Quote) said Friday that the U.S. Department of the Treasury has priced its secondary public offering of 25,054 shares of Peoples Bancorp Preferred Stock issued to the Treasury in 2008 at $933.36 per share.
Peoples Bancorp said it has been notified that it successfully bid to repurchase over $12.5 million of the Preferred Stock.
Peoples Bancorp, the holding company for Peoples Bank, was the first bank in North Carolina to have its Preferred Stock auctioned by Treasury.
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by RTT Staff Writer
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