Peoples Bancorp of North Carolina in Newton has lined up its next leader.
The $1.6 billion-asset company said in a press release that Bill Cable will become president and CEO on Sept. 19. Cable will succeed Lance Sellers, who will retire early next year.
Cable, who joined the company in 1995, has been chief operating officer since 2000.
“I am delighted with the Board’s choice of Bill,” Sellers said in the release. “I’ve worked side-by-side with him for many years and his extensive knowledge of banking and the industry will benefit the bank for years to come.”