January 18, 2018 1:28 AM ET


Company Overview of New Peoples Bank, Inc.

Company Overview

New Peoples Bank, Inc. provides personal and business banking products and services. The company offers deposit products, including checking and savings accounts, certificates of deposit, club accounts, money market deposit accounts, VISA check cards, IRAs, health savings accounts, check reorders, and business banking accounts; and loans products, such as consumer and commercial loans. It also offers various services, such as overdraft protection, UChoose rewards, safe deposit box, SCAM alerts, financial services, and NPB insurance services. The company was incorporated in 1997 and is based in Honaker, Virginia. New Peoples Bank, Inc. operates as a subsidiary of New Peoples Bankshares Inc.

53 Commerce Drive

Honaker, VA 24260

United States

Founded in 1997





Key Executives for New Peoples Bank, Inc.

CEO, President, CEO of New Peoples Bankshares Inc and President of New Peoples Bankshares Inc
Age: 46
Executive VP & CFO
Executive VP & COO
Age: 67
Senior Vice President and Senior Business Development Officer
Age: 68
Former Executive Vice President and Director of Special Assets
Age: 53
Compensation as of Fiscal Year 2017.

New Peoples Bank, Inc. Key Developments

Karen D. Wimmer Retires as Executive Vice President and Director of Special Assets of New Peoples Bank, Inc

Karen D. Wimmer, retired as an employee of New Peoples Bank, Inc., the wholly owned subsidiary of New Peoples Bankshares, Inc. effective December 31, 2017. She served as Executive Vice President and Director of Special Assets of New Peoples Bank, Inc. from January 25, 2016 to her retirement. Accordingly Ms. Wimmer is no longer a named executive officer of New Peoples Bankshares, Inc.

Eugene Hearl to Resign from the Board of Directors of New Peoples Bankshares, Inc., New Peoples Bank, Inc. and NPB Insurance Services, Inc., Effective December 31, 2017

On October 31, 2017, Eugene Hearl informed New Peoples Bankshares, Inc., its wholly owned banking subsidiary, New Peoples Bank, Inc. (the Bank), and the Bank's insurance subsidiary NPB Insurance Services, Inc. (Insurance Services) of his decision to resign from the Board of Directors of the company, the Bank, and Insurance Services effective December 31, 2017 due to personal reasons.

New Peoples Bank, Inc. Appoints Frank Sexton as Interim CFO, Secretary and Treasurer

New Peoples Bankshares Inc. appointed Frank Sexton Jr. interim CFO, secretary and treasurer of the company and unit New Peoples Bank Inc.

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