UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
OLD POINT FINANCIAL CORPORATION
(Name of Issuer)
COMMON STOCK ($5.00 PAR VALUE)
(Title of Class of Securities)
NOT APPLICABLE
(CUSIP Number)
Check the following box if a fee is being paid with this statement _______ .
(A fee is not required only if the filing person: (1) has a previous
statement on file report beneficial ownership of more than five percent of
the class of securities described in Item 1; and (2) has filed no amendment
subsequent thereto reporting beneficial ownership of five percent or less
of such class.) (See Rule 13d-7).
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
SEC 1745 (10-88)
Page 1 of 5 Pages
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CUSIP No. ______________________ 13G
1. Name of Reporting Person
S.S. Or I.R.S. Identification No. of Above Person
THE OLD POINT NATIONAL BANK OF PHOEBUS
54-0325370
2. Check The Appropriate Box If A Member of A Group*
(a) _____
(b) _____
3. SEC Use Only
4. Citizenship Or Place Of Organization
VIRGINIA
Number Of Shares Beneficially Owned By Each Reporting Person With:
5. Sole Voting Power
144,538 (a/o 12/31/94)
6. Shared Voting Power
- -0-
7. Sole Dispositive Power
144,538 (a/o 12/31/94)
8. Shared Dispositive Power
- -0-
9. Aggregate Amount Beneficially Owned By Each Reporting Person
144,538
10. Check Box If The Aggregate Amount In Row (9) Excludes Certain Shares*
11. Percent of Class Represented By Amount In Row 9
11.4%
12. Type Of Reporting Person*
BK
Page 2 of 5 Pages
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Item 1 (a) Name of Issuer:
OLD POINT FINANCIAL CORPORATION
Item 1 (b) Address of Issuer's Principal Executive Offices:
1 WEST MELLEN STREET
HAMPTON, VIRGINIA 23663
Item 2 (a) Name of Person Filing:
THE OLD POINT NATIONAL BANK OF PHOEBUS
Item 2 (b) Address of Principal Business Office:
1 WEST MELLEN STREET
HAMPTON, VIRGINIA 23663
Item 2 (c) Citizenship:
A BANK ASSOCIATION ORGANIZED AND EXISTING UNDER THE LAWS OF THE
UNITED STATES OF AMERICA
Item 2 (d) Title of Class of Securities:
COMMON STOCK, $5.00 PAR VALUE
Item 2 (e) CUSIP Number:
NONE
Item 3 Type of Person:
BANK AS DEFINED IN SECTION 3(a)(6) OF THE ACT
Item 4 Ownership
(a) Amount Beneficially Owned
144,538
(b) Percent of Class
11.4%
(c) Number of Shares as to which such person has:
(i) sole power to vote or direct the vote:
144,538 BUT AS TO WHICH, AS A MATTER OF VIRGINIA LAW, CANNOT BE
VOTED UNLESS A CO-FIDUCIARY IS APPOINTED FOR THE SOLE PURPOSE OF
VOTING SUCH SHARES
Page 3 of 5 Pages
(ii) shared power to vote or to direct the vote:
- -0-
(iii) sole power to dispose or to direct the disposition of:
144,538
(iv) shared power to dispose or to direct the disposition of:
- -0-
Item 5. Ownership of Five Percent or Less of a Class
NOT APPLICABLE
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
THESE SECURITIES ARE HELD BY THE OLD POINT NATIONAL BANK OF PHOEBUS
AS TRUSTEE OF VARIOUS FUNDS. NO SINGLE TRUST HOLDS MORE THAN 5% OF
THE OUTSTANDING SHARES OF OLD POINT FINANCIAL CORPORATION.
Item 7. Identification and Classification Of the Subsidiary Which Acquired the
Security Being
Reported On By the Parent Holding Company.
NOT APPLICABLE
Item 8. Identification and Classification of Members of the Group.
NOT APPLICABLE
Item 9. Notice of Dissolution of Group.
NOT APPLICABLE
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred
to above were acquired in the ordinary course of business and were not acquired
for the
purpose of and do not have the effect of changing or influencing the control of
the issuer of
such securities and were not acquired in connection with or as a participant in
any transaction
having such purposes or effect.
Page 4 of 5 Pages
<PAGE>
Signature:
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the
information set forth in this statement is true, complete, and correct.
February 10, 1995
Date
THE OLD POINT NATIONAL BANK OF PHOEBUS
/S JOHN G. SEBRELL
John G. Sebrell, President
Page 5 of 5 Pages
