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Matt Anderson Promoted to Senior Vice President, Area Executive

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  • Matt Anderson Promoted to Senior Vice President, Area Executive
Peoples Bank is pleased to announce the promotion of Matt Anderson to Senior Vice President, Area Executive. With an extensive career in banking and a strong commitment to fostering client relationships, Anderson has been a valuable member of the Peoples Bank team since joining as VP, Business Development Officer in 2023.
Matt Anderson

In his new role, Anderson will guide the Bank’s strategic efforts in commercial banking and business development, focusing on delivering customized financial solutions tailored to client needs. Additionally, he will drive initiatives to support the growth of local businesses and enhance the Bank’s presence within the commercial sector.

“Matt Anderson’s vision, dedication, and desire to actively engage with our customers have made an impact within our Bank and the communities we serve,” said Bill Cable, CEO of Peoples Bank. “His leadership and proven expertise in business development and client engagement make him an ideal fit for this role. We are confident that his strategic approach and commitment to excellence will provide our commercial customers the service and products they need to thrive and to drive overall growth for the Bank.”

Anderson brings a wealth of knowledge in commercial banking and business strategy, earning him a reputation as a trusted advisor among his peers and clients. His consultative approach and commitment to delivering impactful financial solutions have been key to fostering meaningful partnerships throughout the region. Additionally, his experience serving on the board of Carolina Business Capital has allowed him to play an instrumental role in making commercial real estate financing more accessible for small and mid-sized businesses, contributing to economic development and creating jobs across the area.

Anderson holds a bachelor’s degree in Business Administration and an MBA from Campbell University, equipping him with a strong foundation in finance and business management.

“I am honored to take on this new position as Area Executive,” said Anderson. “I look forward to helping our business clients and prospective business clients succeed by providing them with the right financial tools and guidance, collaborating with our talented team, and contributing to the continued growth of our Bank’s commercial banking efforts.”

 

About Peoples Bank

Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc., operates 16 banking offices across North Carolina, including locations in Catawba, Alexander, Lincoln, Mecklenburg, Iredell, and Wake Counties. The Bank also operates loan production offices in Lincoln, Mecklenburg, Forsyth, and Rowan Counties. Known for its customer-focused approach and commitment to community banking, Peoples Bank delivers personalized financial solutions tailored to the needs of individuals and businesses. The Company’s stock is publicly traded on the Nasdaq Global Market under the symbol "PEBK." For more information, visit PeoplesBankNC.com or call 877-802-1212.

Statements made in this press release, other than those concerning historical information, should be considered forward-looking statements pursuant to the safe harbor provisions of the Securities Exchange Act of 1934 and the Private Securities Litigation Act of 1995. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management and on the information available to management at the time that this release was prepared. These statements can be identified by the use of words like “expect,” “anticipate,” “estimate,” and “believe,” variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, (1) competition in the markets served by the Bank, (2) changes in the interest rate environment, (3) general national, regional or local economic conditions may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and the possible impairment of collectibility of loans, (4) legislative or regulatory changes, including changes in accounting standards, (5) significant changes in the federal and state legal and regulatory environment and tax laws, (6) the impact of changes in monetary and fiscal policies, laws, rules and regulations and (7) other risks and factors identified in the Company’s other filings with the Securities and Exchange Commission, including but not limited to those described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.