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8-K - FORM 8-K NOV 16, 2017 - PEOPLES BANCORP OF NORTH CAROLINA INC | form8k.htm |
EXHIBIT (99)(a)
NEWS
RELEASE
November 20, 2017
Contact:
Lance A. Sellers
President
and Chief Executive Officer
A.
Joseph Lampron, Jr.
Executive
Vice President and Chief Financial Officer
Phone
828-464-5620, Fax 828-465-6780
For Immediate Release
PEOPLES BANCORP ANNOUNCES CASH DIVIDEND
IN CONJUNCTION WITH 10% STOCK DIVIDEND
Newton, NC - The Board of Directors of
Peoples Bancorp of North Carolina, Inc., Newton, NC (Nasdaq: PEBK)
declared the Company’s regular cash dividend for the
4th
quarter of 2017 in the amount of $0.12 per share. The cash dividend
will be paid based on the number of shares held by shareholders on
the record date of December 4, 2017.
The
Board of Directors also declared a 10% stock dividend to be
processed following the payment of the cash dividend. As a result
of the stock dividend, each shareholder will receive one new share
of stock for every ten shares of stock they hold as of the record
date of December 4, 2017. The payable date for the cash dividend
and stock dividend is December 15, 2017.
Shareholders are
encouraged to enroll in the Company’s Dividend Reinvestment
and Stock Purchase Plan. For details, contact Krissy Price at (828)
464-5620 or (800) 948-7195 or you may email any questions to our
transfer agent, Broadridge Corporate Issuer Solutions, Inc. at
shareholder@broadridge.com.
Peoples
Bank, the wholly-owned subsidiary of Peoples Bancorp of North
Carolina, Inc. operates 19 banking offices entirely in North
Carolina, with offices in Catawba, Alexander, Lincoln, Mecklenburg,
Iredell and Wake Counties. The Bank also operates loan production
offices in Lincoln and Durham Counties. The Company’s common
stock is publicly traded and is quoted on the Nasdaq Global Market
under the symbol “PEBK.”
Statements
made in this press release, other than those concerning historical
information, should be considered forward-looking statements
pursuant to the safe harbor provisions of the Securities Exchange
Act of 1934 and the Private Securities Litigation Act of 1995.
These forward-looking statements are based on information currently
available to management and are subject to various risks and
uncertainties, including but not limited to those described in
Peoples Bancorp of North Carolina, Inc.’s annual report on
Form 10-K for the year ended December 31, 2016, under
“General Description of Business” and otherwise in the
Company’s reports and filings.
END
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