New Peoples Bankshares in Honaker, Va., has a new bank CEO lined up.
The $794 million-asset company said in a press release that J.W. Kiser will also become president of New Peoples Bank on Dec. 1. He will succeed C. Todd Asbury, who had already announced plans to step down.
Asbury will remain the company’s president and CEO until May 31.
Kiser is the bank’s chief banking officer.
“I am very excited for J.W. to take on this new role,” Asbury said in the release. “He has proven to be an effective leader the past eight years. He is an excellent choice and will do a great job.”