New Peoples in Va. adds bank exec to its board

New Peoples Bankshares in Honaker, Va., has added a former banker to its board. 

The $813 million-asset company said in a regulatory filing Thursday that E. Stephen Lilly was selected to become a director on June 30. He is expected to be join the technology, audit and risk and compensation committees. 

Lilly will stand for reelection to a full three-year term at the company’s 2023 annual meeting. 

Lilly is a former chief operating officer at First Community Bancshares. 

New Peoples recently reported a cybersecurity incident that crippled its computer systems for several days.