Item 8.01. Other Events

On March 1, 2023, New Peoples Bankshares, Inc. (the "Company") issued a press release announcing the board of directors declared a dividend payment of $.06 per share of common stock. The dividend will be payable March 31, 2023 to shareholders of record as of March 15, 2023.

In the same March 1, 2023 press release, the Company announced that its board of directors authorized the continuation of the repurchase of up to 500,000 shares through March 31, 2024. 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.

A copy of the press release is attached as Exhibit 99.1.




 Item 9.01.   Financial Statements and Exhibits.





    (d)    Exhibits





Exhibit No. Description

99.1 Press release announcing cash dividend and continuation of share

repurchase plan dated March 1, 2023

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