HOLDING COMPANY Peoples Bankshares, Incorporated. Montross, VA Incorporated in Virginia Country: USA [No LEI]

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2 Report Item 2a: Organization Chart ORGANIZATION CHART (as of December 31, 2016) Peoples Bankshares, Incorporated owns of the outstanding community stock of, Incorporated DBA HOLDING COMPANY Peoples Bankshares, Incorporated Montross, VA Incorporated in Virginia Country: [No LEI] WHOLLY OWNED SUBSIDIARY PEOPLES BANKSHARES, INCORPORATED Montross, VA Incorporated in Virginia Country: [No LEI] WHOLLY OWNED SUBSIDIARY [No LEI] Courtney Properties Inc. [No LEI] State of Incorporation: Virginia Montross, VA Country: State of Incorporation: Virginia Montross, VA Country:

3 FR Y 6 Annual Report of Holding Companies Peoples Bankshares, Incorporated As of 12/31/16 Report Item 1: Annual Report to Shareholders: Peoples Bankshares, Incorporated is not registered with the Securities and Exchange Commission Two copies of the Annual Report to Shareholders will be forwarded when available Report Item 2a Organizational Chart: Attached Report Item 2b Branch Listing: Attached Report Item 3 Securities Holders: 3.1 Individuals / Companies Peoples Bankshares, Incorporated, December 31, 2016 (1) (a) (1) (b) (1) (c ) Name, Country of Citizenship Number & Percentage of City, State, Country or Incorporation Each Class of Voting Securities Edwards Family Trust 30, % Sacramento, CA Common Stock Totals 30, % 3.2 Owned more than 5% during the year, but not at December 31, 2016: NONE Report Item 4 Insiders: Attached

4 Report Item 2b: Domestic Branches Listing Effective Date Service Type Branch ID_RSSD* Popular Name Street Address City State Zip Code County Country Service COMMUNITY (Head BANK KING'S HIGHWAY MONTROSS VA WESTMORELAND COUNTY Service BRANCH 175 KINGS HIGHWAY FREDERICKSBURG VA STAFFORD DAHLGREN Service BRANCH 5082 JAMES MADISON PARKWAY KING GEORGE VA KING GEORGE KING GEORGE Service BRANCH 8065 KINGS HIGHWAY KING GEORGE VA KING GEORGE WARSAW Service BRANCH 4593 RICHMOND ROAD WARSAW VA RICHMOND

5 Form FR Y 6 Report Item 4:Insiders Peoples Bankshares Incorporated Item 4 Insiders Ownership (1), (2), (3)(a)(b)( c) & (4)(a)(b)( c) Fiscal Year Ending December 31, 2016 (1) (2) (3)(a) (3)(b) (3)( c) (4)(a) (4)(b) (4)( c) Name, City, State, Country Principal occupation if other than with Bank Holding Company Title & Position with Banking Holding Compnay Title & Position with Subsidiaries (include names of subsidiaries) Title & Position with other Businesses (include names of other businesses ) Percentage of Voting Shares in Bank Holding Company Percantage of Voting Shares in Subsidiaries (include names of subsidiaries) List name of other companies (includes partnerships) if 25% or more of voting securities are held (List names of companies & percentage of voting securities held) Robert K Bailey, III & & CEO 0.55% King George, VA CEO Zirkle Blakey, III Secretary CFO/ EVP /Secretary Richmond, VA William C Herbert, II Property Rental Director Director 0.33% T.S.H., Inc 50% Warsaw, VA Company Owner T.S.H. INC Michael A O'Malley Financial Advisor Director Director Associate 0.10% Fredericksburg, VA Hallberg & O' Malley Financial Group Hallberg & O'Malley Financial Group George R Sisson, III Insurance Agent Director & Director & Chairman 0.99% Hague, VA Peoples Ins Agency of Chairman Peoples Ins Agency of Montross of Montross Inc Inc Hallberg & O'Malley Financial Peoples Ins Agency of Montross Margaret B. Ransone Salesperson Director Director Partner/Owner: 0.05% Kinsale, VA / Delegate Bonums Oyster Company Bevans Oyster Company Bevans Properties, LLC Delegate, Virginia House of Delegates Linwood E Wadsworth Retired Director Director 1.05% MT Holly, VA James W Wilkerson Restaurant Director Director 4.86% Colonial Beach, VA Owner/Farmer Herbert Wilkerson & Son Inc Herbert Wilkerson & Son Inc

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