Eugene Hearl to Resign from the Board of Directors of New Peoples Bankshares, Inc., New Peoples Bank, Inc. and NPB Insurance Services, Inc., Effective December 31, 2017
October 31, 2017 at 08:12 pm
Share
On October 31, 2017, Eugene Hearl informed New Peoples Bankshares, Inc., its wholly owned banking subsidiary, New Peoples Bank, Inc. (the Bank), and the Bank's insurance subsidiary NPB Insurance Services, Inc. (Insurance Services) of his decision to resign from the Board of Directors of the company, the Bank, and Insurance Services effective December 31, 2017 due to personal reasons.
New Peoples Bankshares, Inc. is a financial holding company. The Companyâs business is conducted primarily through New Peoples Bank, Inc. (the Bank), a banking corporation. The Bank has a division doing business as New Peoples Financial Services, which offers investment services. The Bank offers a range of banking and related financial services focused primarily on serving individuals, small to medium size businesses and the professional community. It accepts deposits, make consumer and commercial loans, issue drafts, and provide other services customarily offered by a commercial bank, such as business and personal checking and savings accounts, walk-up tellers, drive-in windows, and 24-hour automated teller machines (ATMs). It offers a full range of short-medium- and longer-term commercial, 1-4 family residential mortgages and personal loans. Its commercial loans include both secured and unsecured loans for working capital, including inventory and receivables.
Eugene Hearl to Resign from the Board of Directors of New Peoples Bankshares, Inc., New Peoples Bank, Inc. and NPB Insurance Services, Inc., Effective December 31, 2017
NEW PEOPLES BANKSHARES, INC. 