New Peoples Bankshares Inc. Stock Analysis NWPP

New Peoples Bankshares, Inc. is a financial holding company, which offers a range of banking and financial services to individuals and small to medium size businesses through its subsidiary. The company is headquartered in Honaker, Virginia and currently employs 177 full-time employees. The company went IPO on 2011-04-01. The Company’s 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-sized businesses and the professional community. The company accepts deposits, makes consumer and commercial loans, issue drafts, and provides 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). The company 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.