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Stock Market & Financial Investment News

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March 24, 2014
11:32 EDTCFFIC&F Financial completes merger of subsidiary banks
C&F Financial announced the completion of the merger of its subsidiary banks, C&F Bank and Central Virginia Bank which became effective March 22. CVB was merged into C&F Bank, with C&F Bank continuing as the sole bank subsidiary of C&F. In addition to the bank merger, Central Virginia Bankshares, was merged into C&F, with C&F surviving, and CVBK's and CVB's written agreement with the Federal Reserve Bank of Richmond and the Virginia Bureau of Financial Institutions was terminated. With the completion of the merger, C&F Bank has over $1.3B in total assets with 25 full service banking offices that reach from Powhatan County through the Richmond Metropolitan area and along Interstate 64 to Hampton.
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