Peoples Bancorp of North Carolina, Inc. is a holding company for Peoples Bank (the Bank). The Bank is a state-chartered commercial bank serving the citizens and business interests of the Catawba Valley and surrounding communities. The Bank operates four offices focused on the Latino population under the name Banco de la Gente (Banco). Banco offers normal and customary banking services as are offered in the Bank's other branches, such as the taking of deposits and the making of loans. The Bank has two subsidiaries: Peoples Investment Services, Inc. and Real Estate Advisory Services, Inc. Through a relationship with Raymond James Financial Services, Inc., Peoples Investment Services, Inc. provides the Bank's customers access to investment counseling and non-deposit investment products, such as stocks, bonds, mutual funds, tax deferred annuities and related brokerage services. Real Estate Advisory Services, Inc. provides real estate appraisal and real estate brokerage services.