New Peoples Bankshares, Inc. (OTCMKTS:NWPP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
10.1 Change in Employment Status Agreement, dated May 29, 2020, by and among New Peoples Bankshares, Inc., New Peoples Bank, Inc. and Frank Sexton, Jr.
99.1 Press release dated June 1, 2020
NEW PEOPLES BANKSHARES INC Exhibit
EX-99.1 2 f2snwpp8k060120ex99_1.htm NEWS RELEASE FOR IMMEDIATE RELEASE: June 1,…
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About New Peoples Bankshares, Inc. (OTCMKTS:NWPP)
New Peoples Bankshares, Inc. is a Virginia bank holding company. The Company’s business is conducted primarily through New Peoples Bank, Inc. (the Bank), a Virginia banking corporation. The Bank has a division doing business as New Peoples Financial Services, which offers investment services through its broker dealer relationship with LPL Financial Services, Inc. NPB Insurance Services, Inc. is a subsidiary of the Bank and offers insurance services only. The Bank offers a range of short-to-medium term commercial, one- to four-family residential mortgages and personal loans. Its investment services include fixed income products, variable annuities, mutual funds, indexed certificates of deposit, individual retirement accounts, employee group benefit plans, college savings plans, financial planning, managed money accounts and estate planning. Its deposit products include demand deposit, interest-bearing demand deposit, savings deposit, and money market deposit accounts.