peoples bank nc

Peoples Bank NC keeps its name on the top of the best community bank list and now they are known as Peoples Bank. They are operating their full services at a time with the help of the best management team.

Clients know how good this bank is for them. From personal financial products to businesses, all types of products are available in this bank.

Today, it’s not a big deal for the people who want to manage their money through savings, checking, CD, loans, mortgage. Yes, this bank is the ultimate way to make people financially relaxed.

We are interested in discussing this bank in detail. It will help to take the right product from this bank.

Picture: Peoples Bank NC
Picture: Peoples Bank NC

What is the Peoples Bank NC?

In 1912, a community started its financial journey with a small but energetic team. Now we know this bank as Peoples Bank NC. Its headquarter is in Newton, North Caroline.

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They have distributed their services based on the location. Yes, you can find their branches in different locations such as a full services office, loan production office, administrative office, and ancillary office.

To fill up all types of individual and business needs from a financial perspective, this bank has a wide range of product lines. It’s a complete but small professional financial institution.

They are mainly focusing on satisfying their client by making the process of getting financial service easy.

Picture: Know everything about the bank from online
Picture: Know everything about the bank from online

Organizational Information of Peoples Bank (NC):

Before choosing a community bank, a client must know its strengths and weaknesses. So, how can we find all this information about Peoples Bank NC? Don’t worry, we’ve got your back. Take a glance at their key organizational information.

Websitewww.peoplesbanknc.com
HeadquartersNewton, NC
Size201 to 500 Employees
Founded1912
TypesCompany – Public (PEBK)
IndustryBanks & Credit Unions

Health Grade Components:

FDIC Certificate5956
Primary RegulatorFDIC
Return on Assets – YTD1.09%
Return on Equity – YTD10.97%
Annual Interest Income$35.9MM

Assets and Liabilities:

ParticularsQ3 2021Q3 2020
Assets$1.62B$1.46B
Loans$891.1MM$969.3Mm
Deposits$1.41B$1.19B
Equity Capital$155.7MM$151.1MM
Loan Loss Allowance$9.0M$9.9MM
Unbacked Noncurrent Loans$2.7MM$3.6MM
Real Estate Owned$0$128.00K

What are the Pros and Cons?

Not every bank is good in all sectors or services. Peoples Bank (NC) has some pros and cons as well. Most of the cons are avoidable. After deep research, we found the following pros and cons you should know.

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Pros:

  • Personalized service for local customers
  • Highly rated mobile app
  • ●        Wide selection of different financial products.
  • The full lineup for online and mobile banking.

Cons:

  • Higher than average fees
  • Limited service area.
  • Websites should be more informative.

What Are the Popular Products of This Bank?

A wide range of products can ensure a variety of services. This bank not only offers contemporary products but also has some different but useful services as well. Here is the list of their products.

Personal:

Banking

  • New Account
  • Checking Accounts
  • Savings, MMDA, and CD Accounts
  • Retirement Accounts
  • Debit and ATM Card

Mobile and Online

  • Mobile Banking
  • Debit Card Controls
  • Mobile Wallets
  • Person-to-Person Payments
  • Online Banking and Bill Pay
  • E-statement
  • Online Banking Security Center

Loan and Credit

  • Apply Online
  • Personal Credit Cards
  • Home Loans
  • Home Equity Line of Credit
  • Personal Loans
  • Vehicle, Boat, and RV Loans

Tools and Resources

  • Personal Finance Insights
  • Financial Calculators

Account Services

  • Overdraft Protection
  • Order Checks
  • Safe Deposit Boxes
  • Night Depository
  • All-Day banking
  • Wire Transfers
  • Peoples Bank for Kid

Business:

Banking

  • Business MasterCard Debit Card
  • Checking Accounts
  • Savings, MMDA, and CD Accounts
  • Simplified Employee Pension (SEP) Plan

Mobile and Online

  • Online Banking and Bill Pay
  • Mobile Banking
  • eStatement
  • Debit Card Controls
  • Business to Person Payments
  • Online Banking Security Center

Tools and Resources

  • Contact the Business Team
  • Business Financial Insights

Loans and Credit

  • Business Credit Cards
  • Business Loans
  • Business Lines of Credit
  • Real estate and Construction Loans
  • Letters of Credit
  • Equipment  Loans

Treasury Management

  • Cash Management
  • Remote Deposit Capture
  • Sweep Services
  • Tax Remittance
  • Positive Pay

Business Account Services

  • Beneficial Ownership Requirements
  • Merchant Services
  • Check Reorders
  • Night Depository
  • Safe Deposit Boxes
  • All-Day Banking

Home Loans:

  • Home Loan Options
  • Home Equity Line of Credit
  • Fixed-Rate Mortgages
  • Adjustable-rate Mortgages
  • Construction loans
  • Residential Lot Loans
  • Mortgage refinancing
  • Affordable Housing Assistance Program

Start Your Mortgage

  • Mortgage Team
  • Online Mortgage Inquiry Farm
  • Borrower Portal

Tools and Resources

  • Home Loan insights
  • Home Loan Calculators
  • Home Loan Toolkit

Insurance:

  • Auto Insurance
  • Life Insurance
  • Business Insurance
  • Home Insurance
Picture: Manage your money easily
Picture: Manage your money easily

Should You Bank With Peoples Bank?

There are many reasons, you should choose Peoples Bank NC. This bank is best for only those people who live in North Carolina Countries. From the list of their financial products, you can easily understand why this bank is best for you.

A client always gets his or her solution for money management from this bank. There is no way to go back home with anxiety.

One more thing you should consider is your living area. If you live outside of North Carolina counties, then the service is going to be limited automatically. Because there are no specialized branches of Peoples Bank (NC) outside of North Carolina County.

What about Customer Service? Is it Better or Not?

Indeed, a community bank that is operating its activities in a specific area offers limited service. There are many reasons behind it. They may don’t have branches outside of the counties.

Read More: How To Get A Loan At Massena Savings And Loan

Peoples Bank NC doing the same thing in it is providing services in North Carolina counties. Their clients can get personalized customer service.

If you want to avoid large banks for hassle-free banking, then this bank is for you. Their decent lineup for banking products ensures a better and first-class banking service for the people.

Picture: Mobile App
Picture: Mobile App

Conclusion:

As a wholly-owned banking subsidiary of Peoples Bancorp of North Carolina, Inc. Peoples Bank NC doing the best from its end. Yes, they are providing all possible financial services to make their clients happy all the time.

Now, money management has become super easy for the people of North Carolina country. Even their online and mobile banking is super flexible to operate for any old and new customer.

Maybe it’s a medium-sized bank, but they ensure all the financial solutions. Their rate is also the best in this county. After comparison, we found the rate is below the national average. For personalized banking, this one could be your bank.

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