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FOR IMMEDIATE RELEASE: January 30, 2024

Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, Inc. (the “Bank”), announced fourth quarter 2023 net income of $1.6 million, or $0.07 per share, as compared to $2.3 million, or $0.09 per share, for the fourth quarter of 2022, a reduction in earnings of $702,000 or 31.2%.

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FOR IMMEDIATE RELEASE: October 27, 2023

New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, Inc. (the “Bank”), announced third quarter 2023 net income of $1.9 million, or $0.08 per share, as compared to $2.0 million, or $0.08 per share, for the third quarter of 2022, a reduction in earnings of $96,000 or 4.8%. For the nine months ended September 30, 2023, net income was $5.6 million, or $0.24 per share, compared to $5.8 million, or $0.24 per share in 2022.

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FOR IMMEDIATE RELEASE: August 21, 2023

NEW PEOPLES BANKSHARES, INC. ANNOUNCES APPOINTMENT OF JAMES W. KISER (“J.W.”) AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF NEW PEOPLES BANK, INC.

New Peoples Bankshares, Inc. (the “Company”), the holding company of New Peoples Bank, Inc. (the “Bank”), announced today that J.W. Kiser has been appointed by the Bank’s Board of Directors as President and Chief Executive Officer of the Bank, effective December 1, 2023.

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FOR IMMEDIATE RELEASE: August 7, 2023

NEW PEOPLES BANKSHARES ANNOUNCES RETIREMENT AND TRANSITION OF PRESIDENT & CHIEF EXECUTIVE OFFICER

New Peoples Bankshares, Inc. (the “Company”), the holding company for New Peoples Bank, Inc. (the “Bank”), announced today that C. Todd Asbury, the Bank’s President and Chief Executive Officer, will begin a planned transition to retirement in December 2023.

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FOR IMMEDIATE RELEASE: July 28, 2023

NEW PEOPLES BANKSHARES ANNOUNCES SECOND QUARTER RESULTS

Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank, Inc. (the “Bank”), announced second quarter 2023 net income of $1.7 million, or $0.07 per share, as compared to $1.9 million, or $0.08 per share, for the second quarter of 2022, a reduction in earnings of $200,000 or 10.40%.

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FOR IMMEDIATE RELEASE: MAY, 1 2023

NEW PEOPLES BANKSHARES ANNOUNCES FIRST QUARTER RESULTS

Honaker, Virginia - Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank,
Inc. (the “Bank”), announced first quarter 2023 net income of $2.0 million, or $0.08 per share, as compared to $1.9
million, or $0.08 per share, for the first quarter of 2022, an improvement of $100,000, or 5.2%. 

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FOR IMMEDIATE RELEASE: MARCH, 1 2023

NEW PEOPLES BANKSHARES DECLARATION OF DIVIDEND AND SHARE REPURCHASE PROGRAM EXTENSION

Honaker, Virginia – The board of directors of New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP) the
financial holding company of its wholly-owned subsidiary, New Peoples Bank, Inc. (the “Bank”), today announced
the declaration of a dividend of $.06 per share payable on March 31, 2023, to shareholders of record as of March
15, 2023.

COMPLETE NEWS RELEASE  

FOR IMMEDIATE RELEASE: February, 3 2023

NEW PEOPLES BANKSHARES ANNOUNCES RECORD ANNUAL EARNINGS

Honaker, Virginia – Today, New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP), the holding company for New Peoples Bank,
Inc. (the “Bank”), reported fourth quarter 2022 net income of $2.3 million, or $0.09 per share, as compared to $1.9
million, or $0.08 per share, for the fourth quarter of 2021, an improvement of $335,000, or 17.4%. For the year
ended December 31, 2022, net income was $8.1 million, or $0.34 per share, compared to $7.0 million, or $0.29 per
share, for 2021. 

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FOR IMMEDIATE RELEASE: November 10, 2022

NEW PEOPLES BANKSHARES ANNOUNCES SEVENTH CONSECUTIVE QUARTER OF INCREASED EARNINGS FOR THE
THIRD QUARTER 2022

Honaker, Virginia -- New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP) and its wholly-owned
subsidiary, New Peoples Bank, Inc. (the “Bank”), today announced third quarter 2022 net income of $2.0 million, or
$0.08 per share, as compared to $1.8 million, or $0.08 per share, for the third quarter of 2021, a year-over-year
improvement of $141,000 and a 7.6% increase.

COMPLETE NEWS RELEASE

FOR IMMEDIATE RELEASE: February 28, 2022

NEW PEOPLES BANKSHARES DECLARATION OF DIVIDEND

Honaker, Virginia – The board of directors of New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP) the financial holding company of its wholly-owned subsidiary, New Peoples Bank, Inc. (the “Bank”), today announced the declaration of a dividend of $.05 per share payable on March 31, 2022, to shareholders of record as of March 15, 2022.

Complete News Release

FOR IMMEDIATE RELEASE: February 10, 2022

NEW PEOPLES BANKSHARES ANNOUNCES RECORD 2021 RESULTS

Honaker, Virginia -- New Peoples Bankshares, Inc. (the “Company”) (OTCBB: NWPP) and its wholly-owned subsidiary, New Peoples Bank, Inc. (the “Bank”), today announced fourth quarter 2021 net income of $1.9 million, or $0.08 per share, as compared to $1.4 million, or $0.06 per share, for the fourth quarter of 2020, a year-over-year improvement of $526,000 and a 37.8% increase. The primary drivers for these results were an increase in net interest income of $282,000, a reduction in provision for loan loss expense of $300,000, and an increase in noninterest income of $269,000. Return on average assets rose to 0.95% for the fourth quarter of 2021 compared to 0.74% for the fourth quarter of 2020 and return on average equity is up to 12.14% versus 9.66% for the same quarterly comparison.

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