Peoples Bancorp Ribbon Cutting
NEWTON, NC (May 3, 2018)—Officials of Peoples Bancorp of North Carolina proudly celebrated a ribbon cutting ceremony for their recently renovated corporate facility located at 518 West C Street on May 2.
Peoples Bancorp has been in their corporate office since 2000, and the location has served the bank well. As they assessed their growth needs, they decided to stay in Newton where they have the opportunity to continue to contribute to the local economy and make the necessary renovations to the existing facility.
“We are committed to the local communities in which we live and work,” said Lance Sellers, CEO and president. “The renovation investment of $4 million was significant, but it allowed us to address immediate space needs and add additional space based on growth to create a better working environment for our employees. Design elements included a lot of attention to training areas, workstations, break rooms, and added workspace.”
Along with the corporate renovations, the bank also rebranded itself in 2017, emphasizing their promise to strive to “Be Exceptional,” both internally and externally. These projects speak to the continued commitment the 106 year old institution has to the communities it serves.
“A lot of banks are closing branches because so much is moving online, but for a community bank in rural small town communities, we need to have a presence to take care of our customers,” Sellers said. “We also need to stay relevant to our customers, and keep up with millennials so they will remain long term customers just as their parents and grandparents have done.”
“At Peoples Bank, part of our philosophy is striving to be loyal corporate citizens that take pride in giving back to our communities”, Sellers said.
With this in mind, Sellers shared Peoples Bank wanted to take this opportunity to not only celebrate the completion of their newly renovated corporate facility but, in addition, to give back to the communities they serve.
“We plan to give four community high schools each a donation of $1,912 in honor of the year in which the bank was founded and we want you, our community, to have a voice in determining which four schools receive these donations,” Sellers said.
Sellers shared that details and school voting will begin on the Peoples Bank Facebook page, starting May 2. A list of each of the public high schools that are in close proximity to their offices is available online, and he encouraged followers to vote for the school of their choice. The four schools with the highest votes as of May 16 will be contacted to arrange presentation of their check.
“We encourage you to share this opportunity of giving and enlist the help of your friends and neighbors so your school of choice may gain the most votes and be the recipient of these donations,” Sellers said.
Lindsay Keisler, Catawba County Chamber of Commerce president and CEO, and other elected officials were on hand to offer congratulatory remarks. Guests also heard remarks from Peoples Bank chairman of the board Robert C. Abernethy and renovation project manager David Reitzel, senior vice president of Real Estate Administration, whom Lance complimented for his oversight.
Peoples Bank, the wholly owned subsidiary of Peoples Bancorp of North Carolina, Inc., operates 19 full service branches and two loan production offices entirely in North Carolina, with offices in Catawba, Alexander, Durham, Lincoln, Mecklenburg, Iredell, and Wake counties. The company’s common stock is publicly traded and is quoted on the Nasdaq Global Market under the symbol “PEBK.”