Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
As previously reported on a Form 8-K filed on July 18, 2019, on January 3, 2020,
Robert F. Shuford, Sr. retired as President and Chief Executive Officer of Old
Point Financial Corporation (the Company), and Robert F. Shuford, Jr. assumed
the joint role of Chairman, President and Chief Executive Officer of both the
Company and the Company's wholly owned subsidiary, The Old Point National Bank
of Phoebus (the Bank). Mr. Shuford, Sr. continues to serve on the Boards of
Directors of the Company, the Bank and Old Point Trust & Financial Services,
N.A.
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