New Peoples Bank, Inc. is headquartered in Honaker and is the 34th largest bank in the state of Virginia. It is also the 1,138th largest bank in the nation. It was established in 1998 and as of June of 2020, it had grown to 193 employees at 22 locations. New Peoples Bank, Inc.'s money market rates are 59% higher than the national average, and it has a B+ health rating.
Carry On
From the first time I walked into New Peoples Bank I saw there was a difference. There was a coffee pot set up to help yourself. People where so friendly. I always carry a pistol on my hip and so many "big" banks put a "No Gun" sign up on the door which shows they don't care about the safety or rights of their customers at all. Why else would anyone deny a law abiding citizen the right to defend themselves? New peoples Bank welcomed me with my firearm and I even have had many good discussions with staff there about how important it is to always carry a gun everywhere and at all times. Now many of the employee's have got their concealed carry permits and also choose to to protect themselves. They even smile when other customers see my gun and I stand there and encourage them to also carry into the bank. Great people, great service and some American common sense can all be found there.
AWESOME IN ALL WAYS
I absolutely love New Peoples Bank. No charge checking and savings, rewards points, and the most friendly and help full employee's. What I like most is they do not force their customers into a unsafe zone. In other words they don't place those dangerous "no guns" signs on the door. I openly carry my weapon in there all the time and they are fully co-operative with recognizing the fact that it helps ensure safety for them and myself while we do business. There is always a hot cup of coffee and a warm and friendly smile for everyone who walks into the bank.
New peoples bank
New peoples bank is a mostly local bank in the area I live in, it is a great bank to go to. They have free checking as well as great rates on loans. Since they are more localized it is easier to receive a more personal experience from the bank there. As I previously said, loans are something this bank is known for, they offer great rates and deals on certain loans, such as farm equipment. The employee's are always friendly, and know there members very well. My web/mobile experience isn't great with them, if you are looking for a internet based bank this one is not it. However for the free banking, great rates, and great customer service I would certainly say this bank gets a great rating from me!
Below Average
New people's Bank lacks a powerful staff, web-connection, and national factors. The banks tellers and loan officers often times lack general banking and financial knowledge necessary for their positions. Furthermore their employees seem invasive rather than attentive. The bank is trusted as a local bank for the SouthWest Virginia region and should not be a bank of choice in the case that you plan to travel. The banks online format lacks a smooth system as well as simplicity. Often times when prompted to login with the access code and password it would not work (when using the correct sign-in credentials). Afterwhich the site propts you to report your password forgotten and proceeds to send an e-mail to the account registered with your banking account. However, even when an email is infact set up with the account it will inform you otherwise and recommend contacting a representative due to your account being dormant...Even when using it twice within one day... This has happenned on several occasions with the blame being directed towards "multiple failed logins due to improper sign on credentials." There is no mobility with the bank and their representatives are seemingly lacking in professionalism and training. I recommend going wit a bank such as BB&T. Possibly even Bank of America over New Peoples =O .
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34890 |
| Year Established | 1998 |
| Employees | 193 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.1% |
| Return on Equity - YTD | 1.07% |
| Annual Interest Income | $15.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $753.4MM$700.8MM |
| Loans | Q2 2020vs Q2 2019 | $581.0MM$550.4MM |
| Deposits | Q2 2020vs Q2 2019 | $669.2MM$620.1MM |
| Equity Capital | Q2 2020vs Q2 2019 | $70.2MM$68.1MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $6.6MM$5.2MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $7.2MM$8.4MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $3.0MM$4.0MM |
