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 Director for the Wealth Company for 2 years, and the
Chairman of the Board of the Wealth Company for 5 years.
Dr. Greene shared, "It has been an honor to have served as a
director of Old Point for almost 30 years. I take pride in having
been a part of the continued growth of such an impactful community
bank which works hard at serving its community and has done so for
over one hundred years. Thanks to the quality and experience of the
Board, senior management, and talented employees, I know the future
for Old Point is bright."
"We cannot thank Dr. Greene enough for his many contributions
and years of service to the Board and Old Point. He has been an
invaluable resource, instrumental to our strategic growth, and a
member of the Old Point family for nearly three decades," 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 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 Dr. Greene 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