Peoples Bancorp of North Carolina (PEBK) in Newton said that its chief credit officer will take over as chief executive and president later this year.
Lance A. Sellers will move into this new role when Tony W. Wolfe, the current CEO and president, retires in the fourth quarter, the $1.1 billion-asset company said Tuesday.
Sellers joined Peoples Bank in 1998 as senior vice president of credit administration and has since served in other executive credit positions. In 1999, he became the chief banking officer and was responsible for the entire lending portfolio. He began his career at BB&T (BBT) in Winston-Salem, N.C., where he served in various business lending positions, including senior credit officer.
