Peoples Bancorp of North Carolina, Inc. operates as the holding company for Peoples Bank, which provides various banking services to individuals, and small to medium-sized businesses in Catawba Valley and surrounding communities in North Carolina. The bank accepts noninterest bearing demand deposits; NOW, MMDA, and savings deposits; and certificates of deposits. It also offers commercial, real estate mortgage, real estate construction, and consumer loans. In addition, the bank provides real estate appraisal and real estate brokerage services, as well as access to investment counseling and nondeposit investment products. It invests in obligations of United States government agencies and corporations, obligations of states and political subdivisions, mortgage backed securities, trust preferred securities, and equity securities. As of December 31, 2004, the bank had 16 offices located in Lincolnton, Newton, Denver, Catawba, Conover, Maiden, Claremont, Hiddenite, Hickory, and Charlotte, North Carolina. The company was founded in 1912 and is based in Newton, North Carolina.
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