Company Overview of New Peoples Bank, Inc.
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
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
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
Chief Operating Officer and Executive Vice President
Senior Vice President and Senior Lending Officer
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
Apr 30 15
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
Aug 18 14
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
Mar 4 14
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.
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