New Peoples Bank, Inc. plans to consolidate four branches in Virginia and West Virginia into other branches.
Honaker, Virginia-based New Peoples Bank says in a news release that the Jonesville branch will be consolidated into Big Stone Gap. The Norton branch will be consolidated into Esserville. Branches in Bland and Bluewell, West Virginia, will be consolidated into the Bluefield, Virginia, branch.
The changes are effective Oct. 31.
New Peoples Bank president and CEO Jonathan Mullins says in the release that the bank is working to place affected employees in other jobs within the organization. Severance pay and outplacement support will be offered to employees who will not have an opportunity to remain with the bank.