Peoples Bank Announces New SVP, Area Executive

Peoples Bank is pleased to welcome Bill Stallings as Senior Vice President, Area Executive.
Bill Stallings
 

With extensive experience in the financial services industry, Stallings brings a broad lending and credit background to his new role leading the Bank’s Winston-Salem market.

Stallings will guide the bank’s strategic efforts in commercial banking and business development. He will focus on delivering customized financial solutions tailored to client needs while driving initiatives to support regional business growth and enhance the bank’s presence within the commercial sector.

“Bill Stallings’ expertise in commercial banking and his commitment to building strong relationships make him the ideal leader for our Winston-Salem market,” says Peoples Bank President and CEO Bill Cable. “We are confident that his knowledge, experience and strategic approach will provide our commercial customers with the service and products they need to thrive.”

Stallings most recently served as Chief Revenue Officer at the NC Rural Center and previously held senior leadership roles in commercial banking, overseeing lending and business development activities across the Triad region.

A veteran of the U.S. Coast Guard, Stallings is active in the community, having served on the Community Advisory Board for WFDD Public Radio and the Board of Trustees for the Graduate School of Banking at Louisiana State University (LSU), where he has also been a faculty member since 2012.

“I’m honored to join Peoples Bank and serve the Winston-Salem community,” said Stallings. “I look forward to working alongside our talented team to support local businesses, deliver meaningful financial solutions, and help drive growth for our clients and the region.”

Stallings earned his bachelor’s degree in business administration from University of Louisiana at Monroe and is a graduate of the Graduate School of Banking at LSU. He also received the Certified Commercial Investment Member (CCIM) designation in 2009. A native of New Orleans, he is an avid fan of the New Orleans Saints and LSU Tigers, and enjoys spending time at the lake with his family.

 

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.

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, 2024.