NEWTON, NC – Peoples Bank is pleased to announce the appointment of Michael Hollar, CPA, to its Board of Directors. Mr. Hollar brings more than 28 years of executive leadership, entrepreneurial experience, and financial expertise that will further strengthen the Bank’s commitment to serving communities across North Carolina.
A North Carolina Certified Public Accountant, Hollar has built a distinguished career spanning accounting, financial management, strategic advisory services, business growth, and organizational development. Throughout his career, he has provided guidance to business owners and executive leadership teams on strategic decision-making, operational improvement, financial planning, scalability, complex transactions, and business exits.
“Michael’s extensive financial expertise, entrepreneurial mindset, and deep understanding of our local business community make him an outstanding addition to our Board of Directors,” said Bill Cable, President and Chief Executive Officer of Peoples Bank. “His experience helping organizations navigate growth, strategic opportunities, and financial challenges will provide valuable insight as we continue to grow and serve our customers, shareholders, and communities.”
Early in his career, Hollar worked with Deloitte & Touche (now Deloitte) and David, Holland & Whitesell, PLLC, where he served clients ranging from closely held businesses to Fortune 500 companies. He later founded a CPA and business advisory firm that has helped organizations achieve sustainable growth and long-term success through strategic financial guidance and operational leadership.
His entrepreneurial experience extends beyond his advisory practice. Hollar has been a founding member of multiple companies, including a recently launched healthcare revenue recovery and consulting firm. His broad business background provides a unique perspective on the opportunities and challenges facing businesses throughout the region.
“Throughout his career, Michael has demonstrated the sound judgment, leadership, and strategic insight that are essential to effective board service,” said Robert Abernethy, Sr., Chairman of the Board. “His financial expertise and broad business perspective will add significant value as we continue to guide the Bank’s growth while remaining focused on creating lasting benefits for our communities and shareholders.”
Hollar earned a bachelor’s degree in accounting from Appalachian State University. A resident of Conover, North Carolina, he brings to the Board a strong understanding of the business community throughout the surrounding region and extensive experience working with organizations of all sizes.
About Peoples Bank
Peoples Bank, the wholly-owned subsidiary of Peoples Bancorp of North Carolina, Inc., operates 15 banking offices across North Carolina, including locations in Catawba, Alexander, Lincoln, Mecklenburg, and Iredell Counties. The Bank also operates loan production offices in Lincoln, Mecklenburg, Forsyth, and Rowan Counties. The Company’s stock is publicly traded under the symbol "PEBK." For more information, visit PeoplesBankNC.com or call 877-802-1212.
