Aug. 1.Bill Cable will be the new president and CEO of Peoples Bancorp of North Carolina effective Sept. 19, in advance of the retirement of Lance Sellers in early 2025.

Cable joined Peoples Bank in 1995 and has served in several executive positions including COO responsible for executing strategy across the organization.

Cable

The Western Carolina University grad began his banking career in 1991 with the Federal Deposit Insurance Corporation.

He will be the 11th president and CEO of the 112-year-old banking institution.

Sellers spent 12 years as CEO, helping grow the bank’s assets from $1 billion to $1.6 billion, providing shareholders a total return of over 380 percent.

Peoples Bank operates 16 banking offices in North Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg, Iredell and Wake Counties.

Sellers

The bank also operates loan production offices in Lincoln, Mecklenburg, Rowan and Forsyth Counties. The common stock is publicly traded and is listed on the Nasdaq Global Market under the symbol “PEBK.”