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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.
News For CFFI From The Last 14 Days
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May 20, 2015
14:24 EDTCFFIC&F Financial declares stock dividend reauthorizes repurchase for $5M in stock
The board of directors of C&F Financial Corporation has declared a regular cash dividend of 30c per common share, which is payable July 1 to shareholders of record on June 15. In addition, the board of directors has reauthorized the company's share repurchase program to purchase up to $5M of the Company's common stock. Repurchases under the program may be made through privately negotiated transactions or open market transactions, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and shares repurchased will be returned to the status of authorized and unissued shares of common stock. The timing, number and purchase price of shares repurchased under the program, if any, will be determined by management in its discretion and will depend on a number of factors, including the market price of the shares, general market and economic conditions, applicable legal requirements and other conditions, and there is no assurance that the Company will purchase any shares under the program. The current share repurchase program is authorized through May of 2016.

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