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

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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.

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