New Peoples Bankshares (NWPP) extends 500,000-share buyback program
Rhea-AI Filing Summary
New Peoples Bankshares, Inc. reported that its Board of Directors has authorized the continuation of the company’s share repurchase program, allowing the repurchase of up to 500,000 shares through March 31, 2027. This extends the timeframe during which the company may buy back its own stock.
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8-K Event Classification
UNITED STATES
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Item 8.01. Other Events
On March 17, 2026, the Company issued a press release announcing that its Board of Directors authorized the continuation of the repurchase of up to 500,000 shares through March 31, 2027. A copy of the press release is attached as Exhibit 99.1 to this report and is incorporated by reference to this Item 8.01.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
| 99.1 | Press release announcing the continuation of the share repurchase plan dated March 17, 2026 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NEW PEOPLES BANKSHARES, INC. | ||||
| Date: | March 17, 2026 | By: | /s/ Christopher G. Speaks | |
| Christopher G. Speaks | ||||
| Executive Vice President and Chief Financial Officer | ||||
