Peoples Bancorp Of North Carolina Reports On Treasury Auction Of TARP Shares

Peoples Bancorp Of North Carolina Hikes Dividend - Quick Facts

Trade PEBK now with

6/29/2012 4:30 PM ET

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.

Click here to receive FREE breaking news email alerts for Peoples Bancorp Of North Carolina Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

40 Articles Next>>

Editors Pick

Upbeat Economic Data Contributes To Rally On Wall Street - U.S. Commentary

Stocks moved sharply higher over the course of the trading day on Friday, more than offsetting the weakness seen on Thursday. In a reversal from the previous session, the markets benefited from some upbeat U.S. economic data as well as comments from a Federal Reserve official. The major averages saw further upside going into the close, with the Dow and the S&P 500 reaching new record highs.

PETA: IRS Targeting Neither New Nor Limited To Conservative Causes

As the IRS targeting scandal continues to make headlines, animal-protection charity People for the Ethical Treatment of Animals, or PETA, claims that conservative groups are not the only ones that have faced increased scrutiny from the agency.

Polls Shows Below Average Interest In IRS, Benghazi Stories

While the IRS targeting scandal has taken center stage on Capitol Hill on Friday, the results of a new Gallup poll showed that the American public's interest in the story is comparatively low based on historical measures. The poll showed that 54 percent of Americans are following the news that the IRS targeted conservative groups for greater scrutiny "very" or "somewhat" closely.