Old Point Financial Corp Files 8-K
| Field | Detail |
|---|---|
| Company | Old Point Financial Corp |
| Form Type | 8-K |
| Filed Date | Aug 15, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $5.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, financial-reporting
TL;DR
OLD POINT FINANCIAL CORP filed an 8-K, mostly financial exhibits. Nothing major disclosed yet.
AI Summary
Old Point Financial Corporation filed an 8-K on August 15, 2025, reporting on events that occurred on August 14, 2025. The filing primarily concerns financial statements and exhibits, with no specific material events detailed in the provided text.
Why It Matters
This filing indicates that Old Point Financial Corporation is providing updated financial information and exhibits to the SEC, which is standard procedure for public companies.
Risk Assessment
Risk Level: low — The filing appears to be routine and does not disclose any significant negative events or changes.
Key Players & Entities
- Old Point Financial Corporation (company) — Registrant
- Virginia (location) — State of incorporation
- August 14, 2025 (date) — Date of earliest event reported
- August 15, 2025 (date) — Date of report
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on 'Other Events' and 'Financial Statements and Exhibits' as of August 14, 2025.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on August 15, 2025.
What is the state of incorporation for Old Point Financial Corporation?
Old Point Financial Corporation is incorporated in Virginia.
What is the principal executive office address for Old Point Financial Corporation?
The principal executive office address is 101 East Queen Street, Hampton, Virginia 23669.
Does the filing mention any specific material events beyond financial statements and exhibits?
Based on the provided text, the filing is categorized under 'Other Events' and 'Financial Statements and Exhibits', with no specific material events detailed.
Filing Stats: 844 words · 3 min read · ~3 pages · Grade level 12.4 · Accepted 2025-08-15 06:30:42
Key Financial Figures
- $5.00 — nge on which registered Common Stock, $5.00 par value OPOF The NASDAQ Stock Marke
Filing Documents
- tm2523550d1_8k.htm (8-K) — 29KB
- tm2523550d1_ex99-1.htm (EX-99.1) — 24KB
- tm2523550d1_ex99-1img001.jpg (GRAPHIC) — 15KB
- tm2523550d1_ex99-1img002.jpg (GRAPHIC) — 10KB
- 0001104659-25-078975.txt ( ) — 257KB
- opof-20250814.xsd (EX-101.SCH) — 3KB
- opof-20250814_lab.xml (EX-101.LAB) — 33KB
- opof-20250814_pre.xml (EX-101.PRE) — 22KB
- tm2523550d1_8k_htm.xml (XML) — 3KB
01 Other Events
Item 8.01 Other Events. On August 14, 2025, TowneBank and Old Point Financial Corporation ("Old Point") issued a joint press release announcing that they had received regulatory approval from the Federal Deposit Insurance Corporation and the Bureau of Financial Institutions of the Virginia State Corporation Commission to complete the proposed merger of Old Point and The Old Point National Bank of Phoebus ("Old Point National Bank") with TowneBank (the "Merger"), pursuant to the Agreement and Plan of Merger, dated as of April 2, 2025, by and among TowneBank, Old Point and Old Point National Bank (the "Merger Agreement"). All regulatory approvals required for the transaction have now been received. TowneBank and Old Point expect to close on or about September 1, 2025, subject to the satisfaction of customary closing conditions. The companies also announced that, based on the expected closing date, the election deadline for holders of Old Point common stock and Old Point restricted stock awards to elect the form of consideration they wish to receive in the Merger by completing the election materials previously sent to such holders, subject to the allocation and proration procedures set forth in the Merger Agreement, will be 5:00 p.m., Eastern Time, on August 26, 2025, unless extended. A copy of the joint press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Joint Press Release dated August 14, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Additional Information and Where to Find It This communication does not constitute an offer to sell or the solicitation of an offer to buy securities of Old Point or TowneBank. In connection with the Merger, Old Point filed with the Securities and Exchange Commission (the "SEC") on May 27, 2025 a definitive proxy statement, which included an offering circular of TowneBank with respect to shares of TowneBank common stock to be issued in connection with the Merger (the "proxy statement/offering circular"). Old Point delivered the proxy statement/offering circular to its shareholders seeking approval of the Merger and related matters on or about May 29, 2025. In addition, each of TowneBank and Old Point may file other relevant documents concerning the proposed transaction with the FDIC and SEC, respectively. Investors, TowneBank shareholders and Old Point shareholders are strongly urged to read the proxy statement/offering circular regarding the proposed Merger and other relevant documents filed with the FDIC and SEC, as well as any amendments or supplements to those documents, because they will contain important information about TowneBank, Old Point and the proposed Merger. Free copies of the proxy statement/offering circular, as well as other filings containing information about Old Point, may be obtained after their filing at the SEC's website (https://www.sec.gov). Free copies of filings containing information about TowneBank may be obtained after their filing at the FDIC's website (https://www.fdic.gov).
SIGNATURES
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) By: /s/ Robert F. Shuford Jr. Name: Robert F. Shuford Jr. Title: Chairman of the Board, President & Chief Executive Officer Date: August 15, 2025