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.
Mr. Evans shared, "I am grateful for the opportunity to have
served as a director of Old Point for the past 30 years. I am
confident that this is the right time for retirement in furtherance
of the Board of Directors' thoughtful and deliberate refreshment
and succession planning process and in light of the recent welcome
additions of Sarah and Elizabeth to the Board. Their qualifications
and experience have further strengthened the Board, and I am
excited to see what the future holds for this wonderful
organization."
"We want to thank Rusty for his many contributions and years of
service to the Board and Old Point," said Robert Shuford, Jr., Chairman, President and CEO
for the Company and the Bank.
About Old Point
Old Point Financial Corporation
(Nasdaq: OPOF) is the parent company of the Old Point National Bank
of Phoebus (Old Point National
Bank) and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia as well as operate a mortgage loan
production office in Charlotte, North
Carolina. Old Point National Bank is a locally owned and
managed community bank which offers a wide range of financial
services from checking, insurance, and mortgage products to
comprehensive commercial lending and banking products and services.
Old Point Wealth Management is the largest wealth management
services provider headquartered in Hampton Roads, Virginia, offering local asset
management by experienced professionals. Additional information
about the company is available at oldpoint.com.
For more information, contact Laura
Wright, Vice President/Marketing Director, at
lwright@oldpoint.com or (757) 728-1743.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
Certain statements contained herein,
including without limitation, statements addressing the beliefs,
plans or expectations of the Company regarding future growth and
success, and the quotations from Mr. Evans constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended. Such
forward-looking statements involve known or unknown risks,
including, but not limited to, our ability to successfully execute
and achieve the expected results of our business strategies.
There can be no assurance that the actual future results,
performance or achievements expressed or implied by such
forward-looking statements will occur. Investors using
forward-looking statements are encouraged to review the Company's
latest annual report on Form 10-K, including management's
discussion and analysis included therein, for a description of
other important factors that may affect the Company's business,
results of operations and financial condition. The Company
does not undertake to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that
projected results expressed or implied in such statements will not
be realized.
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SOURCE Old Point Financial Corporation