Corporate Profile

C&F Financial Corporation Completes Acquisition of Peoples Bankshares, Incorporated


Effective January 1, 2020, Peoples Bankshares, Incorporated (Peoples) was merged with and into C&F Financial Corporation (the Corporation), and Peoples Community Bank was merged with and into Citizens and Farmers Bank. Shareholders of Peoples are entitled to receive 0.5366 shares of the common stock of the Corporation and $27.00 in cash for each share of Peoples they hold. Shareholders with registered share certificates will receive instructions from American Stock Transfer & Trust, LLC for the exchange. The former Peoples Community Bank branches will continue to operate as Peoples Community Bank, a division of C&F Bank, until the systems integration is completed in April 2020. For more information about the merger, please refer to the following press releases and other communications.


C&F Financial Corporation is a bank holding company that was incorporated in March 1994 under the laws of the Commonwealth of Virginia. The Corporation owns all of the stock of Citizens and Farmers Bank (C&F Bank), which is an independent commercial bank chartered under the laws of the Commonwealth of Virginia. C&F Bank originally opened for business under the name Farmers and Mechanics Bank on January 22, 1927. The Bank has the following five wholly-owned subsidiaries, all incorporated under the laws of the Commonwealth of Virginia:

  • C&F Mortgage Corporation and its wholly-owned subsidiary Certified Appraisals LLC

  • C&F Finance Company

  • C&F Wealth Management Corporation

  • C&F Insurance Services, Inc. and

  • CVB Title Agency, Inc.

The Corporation operates in a decentralized manner in three principal business activities: (1) retail banking through C&F Bank, (2) mortgage banking through C&F Mortgage Corporation and (3) consumer finance through C&F Finance Company. C&F Bank operates 26 retail bank branches and three commercial loan offices located throughout the Hampton to Charlottesville corridor in Virginia. C&F Mortgage Corporation provides mortgage loan origination services throughout Virginia, West Virginia, Maryland, North Carolina and South Carolina. C&F Finance Company provides automobile loans through indirect lending programs in Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia and West Virginia. C&F Wealth Management Corporation provides a full range of securities brokerage, life and health insurance, and investment services to individuals and businesses through C&F Bank’s 26 retail branch locations.

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NASDAQ: CFFI

Price
$53.20
Change
$ 3.51 - 7.06%
Volume
14,418
Market Cap ($M)
197.61
As of February 18, 2020 Minimum 20 minute delay.

Contact Information

  • C&F Financial Corporation

    802 Main Street

    P.O. Box 391

    West Point, VA 23181

    Phone: (804) 843-2360

  • Investor Relations Contact

    Mr. Thomas F. Cherry

    Phone: (804) 843-2360

  • Transfer Agent

    American Stock Transfer & Trust Co.

    P.O. Box 391

    59 Maiden Lane

    Plaza Level

    New York, NY 10038

    (800) 937-5449

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