UNITED STATES OF AMERICA BEFORE THESeptember 2nd, 2010
FiledSeptember 2nd, 2010WHEREAS, in recognition of their common goal to maintain the financial soundness of New Peoples Bankshares, Inc., Honaker, Virginia ("NPBI"), a registered bank holding company, and its subsidiary bank, New Peoples Bank, Inc., Honaker, Virginia (the "Bank"), a state-chartered bank that is a member of the Federal Reserve System, NPBI, the Bank, the Federal Reserve Bank of Richmond (the "Reserve Bank"), and the State Corporation Commission Bureau of Financial Institutions (the "Bureau") have mutually agreed to enter into this Written Agreement (the "Agreement"); and[PageBreak]