New Peoples Bankshares Inc. (NWPP)

Overview

New Peoples Bankshares, Inc. serves as the financial holding company for New Peoples Bank, Inc., offering an array of general banking services across the United States to individual clients, small to mid-sized businesses, and professionals. With a history dating back to 1998 and headquartered in Honaker, Virginia, the company prides itself on supporting the banking needs of communities through a robust network of full-service branches in Virginia, West Virginia, Tennessee, and North Carolina, along with a loan production office in Boone, North Carolina.

Products and Services

• Deposit Accounts: The bank offers a variety of deposit accounts, including demand, interest-bearing demand, savings, money market, health savings, individual retirement accounts, and certificates of deposit, catering to the diverse savings needs of its customers.
• Loans: A comprehensive suite of loan products is available:
  • Commercial and Industrial Loans for businesses to fuel growth and operations.
  • Residential Mortgage Loans, covering first and second mortgages, residential construction loans, home equity lines of credit, and term loans for homeowners and property buyers.
  • Construction Loans, supporting residential, multi-family, and non-residential construction projects.
  • Consumer Loans, offering financing options for home improvements, debt consolidation, and other personal needs.
• Investment Services: The company provides a range of investment services, including but not limited to fixed income products, variable annuities, mutual funds, indexed certificates of deposit, individual and managed money retirement accounts, long-term care insurance, employee group benefits, college savings plans, and comprehensive financial and estate planning.
• Auxiliary Services: New Peoples Bankshares, Inc. offers additional banking conveniences such as safe deposit boxes, cashier's checks, cash management services, and options for direct deposit and automatic drafts. It also provides a suite of electronic banking services like internet banking, telephone banking, mobile banking, remote deposit capture, and merchant transaction processing. For access and convenience, the bank operates walk-up tellers, drive-in windows, and interactive teller machines (ITM).
• Card Services: The company extends both debit and credit card services to its customers, facilitating secure and convenient transaction processing.