OLD POINT FINANCIAL CORPORATION (NASDAQ:OPOF) Files An 8-K Other Events
Item 9.01 Other Events.

On March 15, 2018, Old Point Financial Corporation ("Old Point") and Citizens National Bank ("Citizens National") issued a joint press release announcing that shareholders of Citizens National Bank had approved the acquisition of Citizens National with and into Old Point. Under terms of the merger agreement, Citizens shareholders will receive .1041 shares of Old Point stock and $2.19 in cash for each share of Citizens National stock.

A copy of the joint press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d)Exhibits

OLD POINT FINANCIAL CORP Exhibit
EX-99.1 2 ex-99.htm PRESS RELEASE                                              Citizens National Bank Shareholders Approve Acquisition by Old Point Financial Corporation HAMPTON,…
To view the full exhibit click here

About OLD POINT FINANCIAL CORPORATION (NASDAQ:OPOF)

Old Point Financial Corporation is a holding company that conducts all of its operations through two subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (the Trust). The Company operates in three principal business segments: the Bank, the Trust and the Parent. The Company is the parent company of Trust and the Bank. The Bank is an independent community bank. The Bank had approximately 18 branch offices serving the Hampton Roads localities of Hampton, Newport News, Norfolk, Virginia Beach, Chesapeake, Williamsburg/James City County, York County and Isle of Wight County. The Bank offers a complete line of consumer, mortgage and business banking services, including loan, deposit and cash management services. The Bank offers a range of deposit and loan products to its retail and commercial customers. The Trust is a nationally chartered trust company and is wealth management services provider.

OLD POINT FINANCIAL CORPORATION (NASDAQ:OPOF) Recent Trading Information

OLD POINT FINANCIAL CORPORATION (NASDAQ:OPOF) closed its last trading session up +0.42 at 26.46 with shares trading hands.