Peoples Bancorp of North Carolina Inc. in Newton said that its longtime president and chief executive will retire late next year.
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Tony Wolfe said in a press release Wednesday that he would retire in the fourth quarter of 2012 to spend time with his family, travel and pursue his hobbies. He has held the top position at the $1.1 billion-asset company since 1993.
The company has hired Matthews Young in Hillsborough, NC to assist the evaluation and selection of a successor, which would include internal and external.
