Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

November 26, 2015 4:02 AM ET


Company Overview of New Peoples Bank, Inc.

Company Overview

New Peoples Bank, Inc. offers personal and business banking products and services. Its products and services include personal and business checking, money market, and savings accounts, as well as check and credit cards, and IRAs and certificate of deposits; and consumer and commercial loans; online and mobile banking, and bill pay. The company also provides safe deposit box, kids club, scam alerts, education, and other financial services for personal banking customers; and safe deposit, interest on lawyers’ trust accounts, corporate gift cards, and treasury management services for business banking customers. Its treasury management services include cash management accounts, merchant services...

53 Commerce Drive

Honaker, VA 24260

United States

Founded in 1998





Key Executives for New Peoples Bank, Inc.

Chief Executive Officer, President, Chief Executive Officer of New Peoples Bankshares, Inc and President of New Peoples Bankshares, Inc
Age: 44
Chief Financial Officer, Senior Vice President, Treasurer, Secretary, Chief Financial Officer of New Peoples Bankshares, Inc, Senior Vice President of New Peoples Bankshares, Inc, Treasurer of New Peoples Bankshares, Inc and Secretary of New Peoples Bankshares, Inc
Age: 42
Chief Operating Officer and Executive Vice President
Age: 65
Senior Vice President and Senior Lending Officer
Age: 60
Senior Vice President and Regional Bank Executive
Compensation as of Fiscal Year 2015.

New Peoples Bank, Inc. Key Developments

New Peoples Bank, Inc. Announces Management Changes

Joseph D. Pennington, age 42, has been appointed Senior Vice President and Chief Financial Officer, Treasurer and Secretary of New Peoples Bank, Inc. effective April 27, 2015. He had served as Senior Vice President and Financial Officer of the company since joining in February of 2015. Mr. Pennington, who is a certified public accountant, served as a Senior Manager for Elliott Davis, LLC from October of 2012 to February of 2015. Prior to that, he served as the Chief Financial Officer of Bank of Virginia from March 2011 until October 2012. From March of 2009 to February of 2011, he was the Controller for HomeTown Bank located in Roanoke, Virginia. Mr. Pennington has over 15 years of community banking experience. He is a 1996 graduate of West Virginia University with a Bachelor of Science degree in Accounting. Effective April 27, 2015, Mr. Frank A. Sexton, Jr. will no longer serve as Interim Chief Financial Officer, Secretary and Treasurer of the company. He will continue serving as the company's Executive Vice President and Chief Operating Officer where he has served since 2003.

New Peoples Bank, Inc. to Consolidate Four Branches into Other Existing Branches Within the Company, Effective October 31, 2014

New Peoples Bank, Inc. announced they will consolidate four of their branches into other existing branches within the company, effective October 31, 2014. Branches involved include Jonesville consolidating to Big Stone Gap, Bluewell consolidating to Bluefield, Bland consolidating to Bluefield, and Norton consolidating to Esserville. For employees expected to be affected, New Peoples Bank is working diligently to minimize the impact through job placement within the organization. Those employees without an opportunity for continued employment will be offered severance pay and outplacement support.

New Peoples Bank, Inc. Announces Board Changes

New Peoples Bank, Inc. announced that Karen D. Wimmer was appointed by the Board of Directors as Executive Vice President and Chief Credit Officer effective March 1, 2014. Prior to her appointment, Ms. Wimmer served as Senior Vice President and Senior Credit Officer of New Peoples Bank, Inc. from November 1, 2012 to February 28, 2014 and from June 2011 to July 2012. Prior to joining New Peoples Bank, Inc., Ms. Wimmer worked for BB and T via its acquisition of the former One Valley Bank with experience in commercial lending and banking from 1988 to 2001. Stephen W. Trescot retired from being Executive Vice President and Chief Credit Officer of New Peoples Bank, Inc. in which position he served from February 28, 2011 to February 28, 2014. He no longer serves as a named executive officer.

Similar Private Companies By Industry

Company Name Region
Peoples Community Bank United States
First National Bank Group, Inc. United States
HSBC USA Capital Trust V United States
Signature Bank of Arkansas United States
First National Bank of Fort Smith United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact New Peoples Bank, Inc., please visit Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at