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SUFFOLK, Va. and HAMPTON, Va., Aug. 14, 2025 /PRNewswire/ -- Hampton Roads based TowneBank (NASDAQ:TOWN) and Old Point Financial Corporation (NASDAQCM: OPOF) ("Old Point"), the parent company of The Old Point National Bank of Phoebus ("Old Point National Bank"), today announced that they had received regulatory approval from the Federal Deposit Insurance Corporation (the "FDIC") and the Bureau of Financial Institutions of the Virginia State Corporation Commission to complete the proposed merger of Old Point and Old Point National Bank with TowneBank. All regulatory approvals required for the transaction have now been received. The merger is expected to close on or about September 1, 2025, su
HAMPTON, Va., July 30, 2025 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ: OPOF) reported net income of $1.2 million with diluted earnings per common share of $0.24 for the second quarter of 2025 compared to net income of $2.2 million with diluted earnings per common share of $0.42 for the first quarter of 2025, and net income of $2.5 million with diluted earnings per common share of $0.50 for the second quarter of 2024. Net income for the six months ended June 30, 2025 was $3.4 million with diluted earnings per common share of $0.67, and for the six months ended June 30, 2024, net income was $4.2 million with diluted earnings per common share of $0.
HAMPTON, Va., July 2, 2025 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ:OPOF), holding company of The Old Point National Bank of Phoebus ("Old Point National Bank"), announced today that its shareholders approved the merger of the Company and Old Point National Bank with and into TowneBank. Completion of the transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals, and is expected to be completed in the second half of 2025. Robert Shuford, Jr., President, Chief Executive Officer, and Chairman of Old Point added, "Shareholder approval marks an important milestone in moving towards joining the
4 - OLD POINT FINANCIAL CORP (0000740971) (Issuer)
4 - OLD POINT FINANCIAL CORP (0000740971) (Issuer)
4 - OLD POINT FINANCIAL CORP (0000740971) (Issuer)
4 - OLD POINT FINANCIAL CORP (0000740971) (Issuer)
4 - OLD POINT FINANCIAL CORP (0000740971) (Issuer)
4 - OLD POINT FINANCIAL CORP (0000740971) (Issuer)
8-K - OLD POINT FINANCIAL CORP (0000740971) (Filer)
10-Q - OLD POINT FINANCIAL CORP (0000740971) (Filer)
8-K - OLD POINT FINANCIAL CORP (0000740971) (Filer)
SC 13D/A - OLD POINT FINANCIAL CORP (0000740971) (Subject)
SC 13G/A - OLD POINT FINANCIAL CORP (0000740971) (Subject)
SC 13D/A - OLD POINT FINANCIAL CORP (0000740971) (Subject)
HAMPTON, Va., Nov. 8, 2024 /PRNewswire/ -- Cathy W. Liles has been appointed Senior Vice President and Chief Financial Officer of Old Point Financial Corporation (NASDAQ:OPOF) and Executive Vice President and Chief Financial Officer of Old Point National Bank. Cathy has served as Old Point's Interim Chief Financial Officer since July of this year. "Cathy's experience in the banking industry as well as her broad background in accounting make her a beneficial addition to Old Point's executive team and her appointment reflects our commitment to excellence. She has been invaluable
HAMPTON, Va., Dec. 26, 2023 /PRNewswire/ -- Old Point Financial Corporation (the Company) announced that Dr. Arthur D. Greene is retiring from the Boards of Directors of the Company and its wholly-owned subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (the Wealth Company) effective as of December 31, 2023. Dr. Greene joined the Boards of Directors of the Company, Bank, and the Wealth Company in 1994 and currently serves on the Company's Executive, Audit, and Nominating and Corporate Governance Committees. Throughout his service, Dr. Greene served as Lead Independent Director for the Company for 14 years, the Lead Independent Direc
HAMPTON, Va., Feb. 17, 2023 /PRNewswire/ -- Old Point Financial Corporation (the Company) announced that Russell Smith Evans, Jr. has decided to retire from the Boards of Directors of the Company and its wholly-owned national bank subsidiary, The Old Point National Bank of Phoebus (the Bank), at the conclusion of his current term, which ends as of the Company's 2023 Annual Meeting of Shareholders. Mr. Evans joined the Boards of Directors of the Company and the Bank in 1993 and currently serves on the Company's Audit, Nominating and Corporate Governance, and Directors Loan Committees.
HAMPTON, Va., July 30, 2025 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ: OPOF) reported net income of $1.2 million with diluted earnings per common share of $0.24 for the second quarter of 2025 compared to net income of $2.2 million with diluted earnings per common share of $0.42 for the first quarter of 2025, and net income of $2.5 million with diluted earnings per common share of $0.50 for the second quarter of 2024. Net income for the six months ended June 30, 2025 was $3.4 million with diluted earnings per common share of $0.67, and for the six months ended June 30, 2024, net income was $4.2 million with diluted earnings per common share of $0.
HAMPTON, Va., May 27, 2025 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on June 30, 2025 to shareholders of record as of June 9, 2025. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $39.01 on May 23, 2025, the annual dividend yield is approximately 1.4%. ABOUT OLD POINT FINANCIAL CORPORATION Old Point Financial Corporation (NASDAQ:OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and managed community b
HAMPTON, Va., April 30, 2025 /PRNewswire/ -- Old Point Financial Corporation (the "Company" or "Old Point") (NASDAQ "OPOF") reported net income of $2.2 million with diluted earnings per common share of $0.42 for the first quarter of 2025 compared to net income of $2.9 million with diluted earnings per common share of $0.57 for the fourth quarter of 2024, and net income of $1.7 million with diluted earnings per common share of $0.34 for the first quarter of 2024. Adjusted operating earnings (non-GAAP) for the first quarter of 2025 were $2.0 million, or $0.39 per diluted share, compared to $1.7 million, or $0.34 per share, for the first quarter of 2024. As previously disclosed, on April 2, 202