New Peoples Bankshares, Inc. Announces Resignation of Eugene Hearl from the Board of Directors
December 19, 2017 at 07:08 pm
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On December 18, 2017, Eugene Hearl informed New Peoples Bankshares, Inc., its wholly owned banking subsidiary, New Peoples Bank, Inc., and the Bank’s insurance subsidiary NPB Insurance Services, Inc. of his request to rescind his resignation from the Board of Directors of the company, the Bank, and Insurance Services which was to take effect on December 31, 2017, as previously announced, and to remain a member of the Boards of Directors of these entities. The Board of Directors approved Mr. Hearl’s request to rescind his resignation and accordingly Mr. Hearl will remain a member of the Boards of Directors of these entities.
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. 
