Old Point Financial Corporation (OPOF)

Overview

Old Point Financial Corporation serves as the banking holding entity for The Old Point National Bank of Phoebus, delivering a comprehensive range of banking solutions to individual and commercial clients primarily in Virginia. The company, established in 1922, is based in Hampton, Virginia, and has built a rich legacy of financial service excellence over the years. Through its subsidiary, Old Point Financial Corporation aims to foster financial growth and stability for its customers by offering tailored banking and financial services.

Products and Services

• Deposit Products:

Offers a variety of deposit products aimed at meeting the diverse needs of its customers, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits. These products are designed to provide flexible options for saving and managing money effectively.

• Real Estate Construction Loans:

Provides loans for real estate construction projects, catering to both individual and commercial clients looking to develop or renovate properties. These loans offer financial solutions for bringing construction projects from concept to completion.

• Commercial Loans:

Offers commercial loans that support businesses in various industries to finance their operations, expansion, and growth projects. These loans are tailored to meet the unique needs of each business, providing vital capital for sustaining and scaling operations.

• Mortgage Loans:

Includes residential 1-4 family mortgages, second mortgages, and equity lines of credit. These mortgage products help individuals and families to purchase or refinance homes, making home ownership more accessible.

• Retirement and Estate Planning:

Provides comprehensive retirement and estate planning services aimed at helping individuals and families to plan for the future. These services include retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, and tax planning, ensuring clients are well-prepared for every stage of life.

• Investment Management Services:

Offers investment management services that include managing assets and investments on behalf of clients, delivering strategies that align with their financial goals and risk tolerance. These services are designed to optimize investment outcomes and financial well-being.

• Insurance Products, Wealth Management, and Cash Management Services:

Provides a range of additional services including insurance products, wealth management, and cash management services. These offerings are intended to protect and grow the financial assets of clients, offering peace of mind and financial security.