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Old Point Financial Corporation (OPOF)

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Old Point Financial Corporation

1 West Mellen Street
Hampton, VA 23663
United States
757-728-1200
http://www.oldpoint.com

SectorFinancial
IndustryRegional - Mid-Atlantic Banks
Full Time Employees266

Key Executives

NameTitlePayExercisedAge
Mr. Robert F. Shuford Sr.Chairman, Chief Exec. Officer & Pres310.6kN/A79
Mr. Joseph R. WittChief Bus. Devel. Officer, SVP & Director304.8kN/A56
Mr. Robert F. Shuford Jr.EVP and Director330.6kN/A52
Mr. Eugene M. Jordan IISec.222.7kN/A62
Mr. Jeffrey W. Farrar CPACFO, Principal Accounting Officer & Sr. VP - Fin.N/AN/A56
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual, retail, and commercial customers. The company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits. It also provides real estate construction and real estate mortgage loans, such as residential 1-4 family mortgages, commercial real estate loans, second mortgages, and equity lines of credit; and other loans, as well as cash management services. In addition, the company, through its other subsidiary, Old Point Trust & Financial Services, N.A., provides wealth management services, which include retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax services, and investment management services. As of December 31, 2016, it operated 18 branches serving the Hampton Roads localities of Chesapeake, Hampton, Isle of Wight County, Newport News, Norfolk, Virginia Beach, Williamsburg/James City County, and York County. The company was founded in 1922 and is headquartered in Hampton, Virginia.

Corporate Governance

Old Point Financial Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.