UNITED STATES
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)
March 30, 2000
C&F FINANCIAL CORPORATION
(Exact Name of Registrant as Specified in Its Chapter)
Virginia 000-23423 54-1680165
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
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Eighth and Main Streets
P.O. Box 391
West Point, Virginia 23181
(Address of principal executive offices)
(Registrant's telephone number,
including area code):(804-843-2360)
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(Former name or former address, if changed since last report)
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Item 5. Other Events
(a) As explained in the attached press release, the board of directors of
C&F Financial Corporation, the one bank holding company for Citizens
and Farmers Bank, has authorized management to buy up to 10% of the
Company's common stock over the next twelve months. The stock will be
purchased in the open market and/or by privately negotiated
transactions as management and the board of directors determine
prudent.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
C&F FINANCIAL CORPORATION,
REGISTRANT
Date: March 30, 2000 By: /s/ Larry G. Dillon
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Larry G. Dillon
President & Chief Executive Officer
For Immediate Release
C&F FINANCIAL CORPORATION
Thursday, March 29, 2000
Contact: Thomas Cherry, Senior Vice President & Chief Financial Officer
(804) 843-2360
C&F Financial Announces Stock Repurchase
West Point, VA -- (NASDAQ:CFFI) The board of directors of C&F Financial
Corporation, the one bank holding company for Citizens and Farmers Bank, has
authorized management to buy up to 10% of the Company's common stock over the
next twelve months. The stock will be purchased in the open market and/or by
privately negotiated transactions as management and the board of directors
determines prudent. Larry Dillon, Chairman and CEO, stated, " with bank stocks
trading at levels that are at their lowest in several years, we believe that
buying back our stock at current price levels is a prudent use of our capital
and will benefit our remaining shareholders in the long term. "
C&F Financial Corporation operates ten retail bank branches located
throughout the Williamsburg to Richmond corridor in Virginia through its
Citizens and Farmers Bank subsidiary. Citizens and Commerce Bank, which operates
as a division of Citizens and Farmers Bank, opened its first branch on November
15, 1999. Citizens and Commerce Bank is a retail bank serving the Richmond
market specializing in small business services. The Company provides mortgage
and title services through C&F Mortgage Corporation's nine offices. C&F
Investment Services, Inc. provides a comprehensive range of investment services.
