On January 19, 2024, the board of directors of New Peoples Bankshares, Inc. appointed Barton Scot Long and James W. Kiser as directors of the Company. Mr. Kiser was also appointed as a director of the Company?s wholly-owned subsidiary, New Peoples Bank, Inc. Mr. Kiser?s appointment to the Bank board will be effective upon submission of the requisite notifications to the Commonwealth of Virginia State Corporation Commission Bureau of Financial Institutions. The initial appointments of Messrs.

Long and Kiser will extend to the 2024 annual meeting of shareholders, at which time it is expected each will be nominated to be elected to serve a full three-year term. Mr. Long, age 46, is the owner of Bart Long & Associates Realty and Auction, along with various other business interests in southwest Virginia and northeast Tennessee. Mr. Long was previously appointed to the board of directors of the Bank in May, 2023.

Mr. Kiser, age 43, is the president and chief executive officer of the Bank, a position he assumed on December 1, 2023. He previously served as Executive Vice President and Chief Banking Officer from May 2020; and in various other positions with the Bank since 2015. Prior to joining the Bank, Mr. Kiser served as Chief Lending Officer and held various other positions with several local community banks.