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): February 20, 2024
OLD POINT FINANCIAL CORPORATION
 (Exact name of registrant as specified in its charter)
Virginia
000-12896
54-1265373
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)

101 East Queen Street
Hampton, Virginia  23669
(Address of principal executive offices)  (Zip Code)
(757)728-1200
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, $5.00 par value
 OPOF
The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐

Item 7.01
Regulation FD Disclosure.
 
On February 21, 2024 Old Point Financial Corporation (the Company) issued the press release furnished herewith as Exhibit 99.1 announcing the Company's declaration of a quarterly cash dividend of $0.14 per share of common capital stock to be paid on March 29, 2024 to shareholders of record as of the close of business on March 6, 2024.
 
Item 9.01
Financial Statements and Exhibits.

(d)
Exhibits




Press release dated February 21, 2024

Exhibit 104
Cover Page Interactive Data File (embedded within the Inline XBRL document).

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.
 
 
Old Point Financial Corporation
  
 
Registrant
  
 
   
 
Date: February 21, 2024
    
 
/s/ Robert F. Shuford, Jr.
  
 
   
 
Robert F. Shuford, Jr.
  
 
Chairman of the Board
  
 
President & Chief Executive Officer
  


Exhibit 99.1


FOR IMMEDIATE RELEASE

Old Point Financial Corporation Announces Quarterly Dividend

HAMPTON, Va., February 21, 2024 (PRNewswire) – Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on March 29, 2024 to shareholders of record as of March 6, 2024. The dividend amount is the same as the prior quarter’s dividend and based on the stock’s closing price of $17.10 on February 20, 2024, the annual dividend yield is approximately 3.3%.

ABOUT OLD POINT FINANCIAL CORPORATION

Old Point Financial Corporation (Nasdaq: OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and managed community bank which offers a wide range of financial services from checking, insurance, and mortgage products to comprehensive commercial lending and banking products and services. Old Point Wealth Management is the largest wealth management services provider headquartered in Hampton Roads, Virginia, offering local asset management by experienced professionals. Additional information about the company is available at oldpoint.com.

Contact:  Laura Wright, VP/Marketing Director, 757.728.1743


v3.24.0.1
Document and Entity Information
Feb. 20, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Feb. 20, 2024
Entity File Number 000-12896
Entity Registrant Name OLD POINT FINANCIAL CORPORATION
Entity Central Index Key 0000740971
Entity Incorporation, State or Country Code VA
Entity Tax Identification Number 54-1265373
Entity Address, Address Line One 101 East Queen Street
Entity Address, City or Town Hampton
Entity Address, State or Province VA
Entity Address, Postal Zip Code 23669
City Area Code 757
Local Phone Number 728-1200
Title of 12(b) Security Common Stock, $5.00 par value
Trading Symbol OPOF
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
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