New Peoples Bankshares, Inc Announces Fred W. Meade Not Stand for Election
April 08, 2021 at 09:20 pm
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On March 22, 2021, the board of directors of New Peoples Bankshares, Inc. was informed that director Fred W. Meade would not stand for election at the company's Annual Meeting of Shareholders scheduled for May 18, 2021. Mr. Meade's resignation does not relate to any disagreement on matters relating to company's operations, policies or practices.
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.
NEW PEOPLES BANKSHARES, INC. 