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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