September 23, 2014 3:57 AM ET

Banks

Company Overview of New Peoples Bankshares Inc.

Company Overview

New Peoples Bankshares, Inc. operates as the bank holding company for New Peoples Bank, Inc. that offers banking and related financial services to individuals, small to medium size businesses, and the professional community. Its deposit products include checking and savings accounts, time deposits, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit. The company’s loan portfolio comprises commercial and industrial loans to finance accounts receivable, inventory, property, plant, and equipment; residential mortgage loans, such as residential first and second mortgage loans, residential construction loans, home equity lines of credit, a...

67 Commerce Drive

Honaker, VA 24260

United States

269 Employees

Phone:

276-873-7000

Fax:

276-873-7001

Key Executives for New Peoples Bankshares Inc.

Chief Executive Officer
Age: 57
Total Annual Compensation: $249.2K
Chief Financial Officer
Age: 43
Total Annual Compensation: $172.6K
Chief Operating Officer
Age: 64
Total Annual Compensation: $170.1K
Compensation as of Fiscal Year 2013.

New Peoples Bankshares Inc. Key Developments

New Peoples Bankshares Inc., Annual General Meeting, May 20, 2014

New Peoples Bankshares Inc., Annual General Meeting, May 20, 2014., at 18:00 US Eastern Standard Time. Location: at the Abingdon office of New Peoples Bank. Agenda: To elect three directors to serve for terms of three years each expiring at the 2017 annual meeting of shareholders; and to approve a non-binding resolution to approve the compensation of the named executive officers disclosed in this proxy statement; to ratify the Audit Committee's appointment of Elliott Davis, LLC as the company's independent registered public accounting firm for the year ending December 31, 2014; to act upon such other matters as may properly come before the Annual Meeting.

New Peoples Bankshares Inc., Annual General Meeting, May 21, 2013

New Peoples Bankshares Inc., Annual General Meeting, May 21, 2013., at 18:00 US Eastern Standard Time. Location: Abingdon office of New Peoples Bank. Agenda: To elect four directors to serve for terms of three years each expiring at the 2016 annual meeting of shareholders; to approve a non-binding resolution to approve the compensation of the named executive officers; to ratify the audit committee’s appointment of Elliott Davis, LLC as the Company’s independent registered public accounting firm for the year ending December 31, 2013; and to act upon such other matters as may properly come before the Annual Meeting.

New Peoples Bankshares Inc. Announces Resignation of Frank Kilgore from the Board of Directors

On January 8, 2013, Frank Kilgore informed New Peoples Bankshares Inc. of his decision to resign from the Board of Directors of the company effective January 8, 2013 due to his increasingly busy schedule with his law practice and various other business interests in which he is actively engaged.

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