New Peoples Bankshares, Inc. operates as a financial holding company for New Peoples Bank, Inc. that engages in the provision of general banking services to individuals, small to medium size businesses, and the professional community in the United States. It offers demand, interest-bearing demand, savings, money market, health savings, and individual retirement deposit accounts, as well as certificate of deposit. The company also provides commercial and industrial loans; residential mortgage loans, including residential first and second, residential construction, home equity lines of credit, and term loans; construction loans comprising residential, multi-family, and non-residential construction loans; and consumer loans, such as home improvement, debt consolidation loans, and general consumer lending. In addition, it provides investment services, which include fixed income products, variable annuities, mutual funds, indexed certificates of deposit, individual retirement and managed money accounts, long term care insurance, employee group benefit and college savings plans, managed money accounts, and financial and estate planning. Further, the company offers safe deposit boxes, cashier's checks, cash management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts; interactive teller machine (ITM), debit, and credit card services; and electronic banking services, such as internet banking, telephone banking, mobile banking, remote deposit capture, merchant transaction processing, and wire transfer services, as well as operates walk-up tellers, drive-in windows, and ITMs. It operates full-service branches located in Virginia, West Virginia, Tennessee, and North Carolina, as well as loan production office in Boone, North Carolina. The company was founded in 1998 and is headquartered in Honaker, Virginia.
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