# New Peoples Bankshares

New Peoples Bankshares is an Asset Manager based in Honaker, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Honaker, United States
- **Region:** North America
- **Address:** Honaker, VA, United States
- **Assets under management:** Undisclosed
- **Website:** newpeoplesbankshares.com

## Regulatory record

- **Reports private funds:** No

## About

New Peoples Bankshares, Inc. is a bank holding company headquartered in Honaker, Virginia, which exercises control over New Peoples Bank. The institution was formed to serve communities where access to capital has historically depended on a small number of local lenders who understand the regional economy. The bank's asset base, approximately $800 million as of mid-decade regulatory filings, is deployed primarily through commercial real estate loans, residential mortgages, and small-business lending across the central Appalachian corridor. The loan book reflects the economic realities of its footprint — a mix of owner-occupied commercial properties, single-family residences, and lending to local enterprises in retail, healthcare services, and light manufacturing. Deposit gathering anchors the liability side, with a branch network concentrated in Virginia and extending into neighboring pockets of West Virginia and Tennessee. Governance remains closely held with limited public float. The board and executive team are drawn from the region's professional class, and the bank has navigated the post-coal economic transition by maintaining conservative underwriting standards and a credit culture built on long-term customer relationships. In recent years the institution has absorbed smaller peer banks to deepen its presence in existing markets, a pattern consistent with consolidation trends among Appalachian community banks. Structurally, New Peoples Bankshares operates as a traditional Main Street banking platform — distinct from the single-family office or institutional allocator models that dominate fintech discourse. Its investment posture is the bank's own loan portfolio, not a limited-partner deployment program, making it a capital provider of a fundamentally local character.

## Sectors

- Financial Services

## Questions

### What is the geographic focus of New Peoples Bank's lending?

The bank's footprint is centered on southwestern Virginia, with additional presence in southern West Virginia and northeastern Tennessee. This region is part of central Appalachia, an area historically defined by coal extraction and, more recently, by economic diversification efforts. The loan portfolio is overwhelmingly concentrated within these communities.

### What is the scale of New Peoples Bank's balance sheet?

Based on public regulatory filings, the bank's total assets sit in the range of $800 million. This makes it a small-to-midsize community bank by national standards, but a meaningful local capital provider within its rural service area.

### How does New Peoples Bank generate revenue?

Revenue is primarily driven by net interest income — the spread between interest earned on loans and interest paid on deposits. The loan portfolio is weighted toward commercial real estate, residential mortgages, and small-business loans. Fee income from deposit services and other banking operations provides a secondary revenue stream typical of community banks of this size.

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Last updated: 2026-06-03T20:00:00.000Z

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