October 24, 2021

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Old Point Announces New Trust President & CEO |

HAMPTON, Virginia., September 16, 2021 / PRNewswire / – Old Point Financial Corporation (Old Point) (Nasdaq: OPOF) is pleased to announce that A. Eric Kauders Jr. has been named President and Chief Executive Officer of Old Point Trust & Financial Services, NA (Old Point Trust). Mr. Kauders has more than 20 years of management experience in asset management, where he worked in the fiduciary business in a three-state region $ 16 billion in Bank of America Private Bank’s assets under management. Before that he was a lawyer McGuire Woods, LLP, where he represented banks, trust companies and private individuals on fiduciary, contractual and bankruptcy matters.

Chairman, President and CEO of Old Point, Robert F. Shuford Jr. said: “Eric’s acumen in asset management will be of great benefit to Old Point as we continue to execute our strategies for profitability and growth. I have every confidence in his ability to drive the success of Old Point Trust and our commitment for unmatched “maintain, local support and service.”

Kauders has his bachelor’s degree from College of William and Mary and his Juris Doctor from the University of Virginia. He currently serves on the Board of Directors of the Virginia Council on Economic Education and the Trust and Wealth Management Committee of the Virginia Bankers Association.

The role of President and Chief Executive Officer of Old Point Trust was previously held by Eugene M. Jordan, IIwho has moved to the new role of General Counsel and Corporate Secretary for Old Point. Mr. Jordan served as President and CEO of Old Point Trust for the past 19 years and continues to serve as Chairman of the Board of Directors of Old Point Trust.

About Old Point

Old Point Financial Corporation (Nasdaq: OPOF) is the parent company of Old Point National Bank and Old Point Trust & Financial Services, NA, which is the Hampton Roads and Richmond Regions of Virginia as well as operating a mortgage loan production office in Charlotte, North Carolina. Old Point National Bank is a locally owned community bank that provides a wide range of financial services from check, insurance, and mortgage products to full commercial services. Old Point Trust is the largest wealth management service provider headquartered in Hampton Roads, Virginiawho offers local wealth management by experienced professionals. Further information about the company can be found at oldpoint.com.

Contact for more information Laura Wright, Vice President / Marketing Director, at [email protected] or (757) 728-1743.

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SOURCE Old Point Financial Corporation