New Peoples Bankshares, Inc. operates as a financial holding company for New Peoples Bank, Inc. that provides general banking services to the individuals, small to medium-sized businesses, and professional community in the United States. It offers demand, interest-bearing demand, business and personal checking and savings, money market, health savings, and individual retirement deposit accounts, as well as certificates of deposit. It also provides commercial and industrial loans, including secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery; residential mortgage loans, including residential first and second, residential construction, home equity lines of credit, 1-4 family residential mortgages, and term loans; construction loans comprising residential, multi-family, and non-residential construction loans; and consumer loans, such as home improvement, debt consolidation loans, personal loans, general consumer lending, and secured and unsecured loans for financing automobiles, education, personal investments, and other purposes, as well as farmland and agriculture loans. It provides investment services, which include fixed-income products, variable annuities, mutual funds, indexed certificates of deposit, individual retirement and managed money accounts, long-term care insurance, employee group benefit and college savings plans, managed money accounts, and financial and estate planning. It offers safe deposit boxes, cashier's checks, cash management services, direct deposit of payroll and social security checks, and automatic drafts; automated teller machines (ATMs); debit and credit cards; electronic banking services, such as internet banking, telephone and mobile banking, remote deposit capture, merchant transaction processing, and wire transfer services; and operates walk-up tellers and drive-in windows. The company was founded in 1997 and is headquartered in Honaker, Virginia.