New Peoples Bankshares, Inc. operates as a financial holding company for New Peoples Bank, Inc. that provides banking and financial services to individuals, small to medium size businesses, and the professional community in the United States. The company offers checking and savings accounts, time deposits, interest-bearing and noninterest bearing demand deposits, health savings, money market deposit accounts, certificates of deposit, and individual retirement accounts. It also provides commercial and industrial loans; residential mortgage loans, such as residential first and second mortgage loans, residential construction loans, home equity lines of credit, and term loans; construction loans; and consumer loans, including secured and unsecured loans for financing automobiles, home improvements, education, personal investments, and other purposes. In addition, the company offers fixed income products, fixed and variable annuities, mutual funds, long term care insurance products, employee group benefit plans, college savings plans, financial planning services, managed money accounts, estate planning services, fee based asset management services, and other investment products. Further, it provides safe deposit boxes, cashier's checks, cash management services, direct deposit of payroll and social security checks, and automatic drafts for various accounts; ATM card and credit card services; and electronic banking services, such as debit card, 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 interactive teller machines. As of December 31, 2018, it had 18 full service branches in Virginia, West Virginia, and Tennessee; 1 limited services branch in Pound, Virginia; and loan production offices in Jonesborough and Kingsport, Tennessee. New Peoples Bankshares, Inc. was founded in 1997 and is headquartered in Honaker, Virginia.
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