Peoples Bancorp of North Carolina, Inc. (PEBK) 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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.