NEWTON, N.C. (AP) -- The longtime chief banking officer at Peoples Bancorp of North Carolina will take over as president and CEO when Tony W. Wolfe retires from those positions late this year.
Lance A. Sellers came to Peoples Bank in 1998 as senior vice president of credit administration. He became chief banking officer in 1999, responsible for the bank's entire lending portfolio. He began his banking career in 1984 with BB&T, holding various business lending positions including senior credit officer.
Peoples Bank, based in Newton, operates 22 branches in seven North Carolina counties.
Shares of Peoples Bancorp of North Carolina Inc. rose 37 cents, or 4.4 percent, to $8.80 in morning trading. The stock has traded in a 52-week range of $4.11 to $9.