Item 2.02. Results of Operations and Financial Condition

On April 28, 2022, New Peoples Bankshares, Inc. (the "Company") issued a press release announcing its earnings for the quarter ending March 31, 2022. A copy of the press release is attached as Exhibit 99.1.

Item 5.02. Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 25, 2022, the board of directors was informed that director Eugene Hearl would retire effective with the Annual Meeting of Shareholders scheduled for May 17, 2022. Mr. Hearl's retirement does not relate to any disagreement on matters relating to the Company's operations, policies or practices.




Item 8.01.  Other Events

On April 28, 2022 the Company issued a press release announcing that its Board of Directors authorized the repurchase of up to 500,000 shares through March 31, 2023. A copy of the press release is attached as Exhibit 99.2 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 dated April 28, 2022 announcing earnings for the first quarter and year-to-date 2022

99.2 Press release dated April 28, 2022 announcing authorization of share repurchase program

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