December 22, 2014 2:24 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
Age: 57
Chief Financial Officer
Age: 43
Chief Operating Officer and Executive Vice President
Age: 64
Senior Vice President and Senior Lending Officer
Age: 59
Senior Vice President and Regional Bank Executive
Compensation as of Fiscal Year 2014.

New Peoples Bank, Inc. Key Developments

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.

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