Peoples Bancorp of North Carolina, Inc. - Common Stock (PEBK)

Competitors to Peoples Bancorp of North Carolina, Inc. - Common Stock (PEBK)

Blue Ridge Bankshares, Inc.

Blue Ridge Bankshares, Inc. competes with Peoples Bancorp of North Carolina primarily in the community banking space, offering similar products such as personal and business banking services. However, Blue Ridge has prioritized digital banking innovations and customer experience enhancements, providing a modern banking experience that appeals to tech-savvy consumers. The bank’s investment in technology platforms provides a competitive edge that may surpass PEBK in attracting younger demographics and tech-focused clients, especially in a rapidly evolving banking landscape.

First Financial Bankshares, Inc. 

First Financial Bankshares operates in the same regional banking sector as Peoples Bancorp of North Carolina, focusing on providing commercial and retail banking services. Both companies emphasize strong customer service, community involvement, and technological advancements in their banking solutions. However, First Financial has historically leveraged a broader geographic footprint and a diversified range of financial services, giving it an edge in attracting larger commercial clients, which can enhance profitability and growth. This advantage allows them to secure a more considerable market share compared to PEBK.

Heritage Financial Corporation 

Heritage Financial Corporation competes with Peoples Bancorp through a focus on similar community bank services, where personal relationships and local knowledge play critical roles. Both institutions seek to build trust with local communities by offering tailored financial solutions. However, Heritage Financial has benefitted from strategic mergers and acquisitions that have expanded its reach and resources, strengthening its competitive positioning as a larger player in the market. This expansion gives HFWA a slight edge in customer acquisition and retention compared to PEBK.

SouthState Corporation

SouthState Corporation is another competitor in the banking landscape that rivals Peoples Bancorp of North Carolina. SouthState's competitive edge lies in its robust capital position and diversified financial services, which include an extensive offering of products ranging from retail banking to wealth management and commercial lending. Their larger asset base and broader service portfolio allow them to manage risks better and offer more competitive rates and terms for loans and deposits, which can attract customers away from smaller institutions like PEBK.

United Community Banks, Inc. 

United Community Banks, Inc. competes directly with Peoples Bancorp of North Carolina by providing similar banking products and services across the Southeastern United States. UCBI differentiates itself with a more extensive branch network, a strong online banking platform, and competitive loan and mortgage services. This allows UCBI to attract a more diverse customer base, benefiting from economies of scale that enable them to offer lower rates and fees. This strategic advantage positions UCBI as a more formidable competitor in the region.