SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 4, 1999
OLD POINT FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Virginia 0-12896 54-1265373
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
1 West Mellen Street, Hampton, Virginia 23663
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (757) 728-1200
<PAGE>
Item 5. Other Events
Old Point Financial Corporation issued the following press
releases
October 4, 1999
FRANK E. CONTINETTI SUCCEEDS W. RODNEY ROSSER AS
PRESIDENT & CEO OF OLD POINT TRUST & FINANCIAL SERVICES,
N.A.
Robert F. Shuford, Chairman of the Board and President of
Old Point Financial Corporation, announces the retirement of
W. Rodney Rosser as President & CEO of Old Point Trust &
Financial Services, N.A., as well as the appointment of
Frank E. Continetti, CFP to that position, effective October
1, 1999.
Mr. Rosser joined Old Point National Bank's trust department
in February 1980. At the time, the department's assets were
approximately $9-million and the staff numbered four.
Today, Old Point Trust & `Financial Services is a separate
company with $365-million in assets, which are managed by a
staff of 27.
Mr. Rosser continues to serve as Senior Vice President &
Secretary of Old Point Financial Corporation, working part-
time as a consultant to Old Point National Bank, as well as
to Old Point Financial Corporation. His focus is on
shareholder, investor relations and other special projects.
"Much of the Trust Company's success is due to Rodney's many
years of dedicated work," says Mr. Shuford. "We wish him
the best in his `part-time' retirement and hope that his
continuing working relationship with Old Point will be for
many future years."
Mr. Continetti, who was also elected to the Board of
Directors of Old Point Trust & Financial Services, joined
Old Point in 1993. Most recently, he served as Senior Vice
President/Chief Administrative Officer of the Trust Company.
A graduate of Boston University with a bachelor of arts
degree in economics, Mr. Continetti is also a graduate of
ABA's National & Graduate Trust School Programs at
Northwestern University.
Mr. Continetti is a member of the VBA Trust Committee,
Treasurer of the Warwick Rotary Club, President of the
Peninsula Estate Planning Council and a member of Our Lady
of Mt. Carmel School Board.
Mr. Continetti resides with his wife and three children in
Newport News.
Hampton Roads' largest locally-based trust company, Old
Point Trust and Financial Services is comprised of 27
employees with a combined total of more than 200 years of
financial services and trust experience. Products and
services currently offered include: mutual funds, investment
management, custodial services, profit-sharing plans, estate
planning and settlement, IRAs, 401(k)s, trust administration
and pension plans.
Old Point Financial Corporation is the parent company of Old
Point Trust & Financial Services, N.A., as well as The Old
Point National Bank, an independent, locally owned bank
serving the communities of Hampton Roads with 14 locations.
November 9, 1999
Robert F. Shuford, Chairman, President and CEO of Old Point
Financial Corporation, announced today that Louis G. Morris has
been promoted to the position of President and CEO of Old Point
National Bank effective January 1, 2000.
Mr. Morris, currently Executive Vice President and Chief
Financial Officer of Old Point National Bank, has been employed
by the bank since 1982. He is a graduate of Old Dominion
University, Norfolk, Virginia, with a BS in Financial
Management. Mr. Morris is also a graduate of the School of
Financial and Funds Management sponsored by the American
Bankers Association at Oklahoma University, and the Virginia
Bankers Association-sponsored Executive Management School at
the University of Virginia.
In announcing the promotion, Mr. Shuford said " I am looking
forward to working with Louis in his new capacity as I plan to
spend more of my efforts in promoting the expansion of the Bank
and of Old Point Trust & Financial Services, N.A., which was
formed in April, 1999. Working together, we will continue to
make Old Point National Bank one of the best performing
community banks in the state." Mr. Shuford will continue as
Chairman of the Board of Old Point National Bank.
A Portsmouth native, Mr. Morris currently resides in Hampton
with his wife, Karen. He is an active member of the Phoebus
Lions Club.
A locally owned and managed community bank, Old Point National
Bank was established in 1923 and provides full service banking
throughout Hampton Roads with a 14-branch network extending
from James City County to Chesapeake.
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned herunto duly
authorized.
Old Point Financial Corporation
Dated November 18, 1999 By /s/Robert F Shuford
Robert F Shuford
Chairman of the Board
President & CEO
