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Ticker:PEBK
Company Name: Peoples Bancorp of North Carolina, Inc.

Business Overview from 10-K filing for Peoples Bancorp of North Carolina, Inc.:

Peoples Bancorp of North Carolina, Inc. (the Company), was formed in 1999 to serve as the holding company for Peoples Bank (the Bank). The Company is a bank holding company registered with the Board of Governors of the Federal Reserve System (the Federal Reserve) under the Bank Holding Company Act of 1956, as amended (the BHCA). The Companys sole activity consists of owning the Bank. The Companys principal source of income is any dividends which are declared and paid by the Bank on its capital stock. The Company has no operations and conducts no business of its own other than owning the Bank. Accordingly, the discussion of the business which follows concerns the business conducted by the Bank, unless otherwise indicated.  g   

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