---
schema_version: "secwatch.filing_event.v1"
accession: "0001903596-22-000439"
form_type: "8-K"
ticker: "NWPP"
cik: "0001163389"
company_name: "NEW PEOPLES BANKSHARES INC"
filed_at: "2022-07-07T23:59:59+00:00"
generated_at: "2026-06-24T19:02:14.866230+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# New Peoples Bankshares appoints E. Stephen Lilly to board of directors

## Summary
- E. Stephen Lilly, a 40-year community banker, appointed as director of the Company and New Peoples Bank, effective June 30, 2022.
- He served as EVP and COO of First Community Bancshares for 23 years through 2020; holds board memberships with WV Bankers Assoc and Fed Reserve Payments Advisory Board.
- Expected to be nominated to Technology, Audit and Risk, and Compensation committees; initial term extends to 2023 annual meeting.
- Compensated per Company’s director compensation policy; no reportable related party transactions since Jan 2021.

## SEC filing metadata
- accession: 0001903596-22-000439
- form_type: 8-K
- ticker: NWPP
- cik: 0001163389
- company_name: NEW PEOPLES BANKSHARES INC
- filed_at: 2022-07-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163389/000190359622000439/0001903596-22-000439-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163389/000190359622000439/sfsnwpp8k070722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001903596-22-000439
- JSON: https://secwatch.observer/filing/0001903596-22-000439.json
- Plain text: https://secwatch.observer/filing/0001903596-22-000439.txt

## Key facts
- Executive change
  E. Stephen Lilly was appointed as director at NEW PEOPLES BANKSHARES INC.
  - Action: appointed
  - Role: director
  source text: On June 30, 2022, the board of directors of New Peoples Bankshares, Inc. (the “Company”) appointed E. Stephen Lilly as a director of the Company and its wholly-owned subsidiary, New Peoples Bank (the “Bank”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163389/000190359622000439/0001903596-22-000439-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.