C&F Financial Corporation Announces Appointment of New Board Member

Rhea-AI Summary

C&F Financial Corporation (NASDAQ:CFFI) announced that Dr. David H. Downs will join its Board of Directors and the board of C&F Bank effective February 24, 2026. Dr. Downs has served on the C&F Central Virginia Advisory Board for over 12 years and is Alfred L. Blake Endowed Chair Professor and Director of The Kornblau Institute at Virginia Commonwealth University, with research focused on investments, financial regulation, valuation, and information economics. His background also includes service in the U.S. Navy Nuclear Submarine Program and management consulting at Booz Allen Hamilton. The company highlighted his expertise in real estate, investments, and risk management and noted C&F Bank operates 31 branches and five commercial loan offices in Virginia.

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TOANO, Va., Jan. 23, 2026 (GLOBE NEWSWIRE) -- C&F Financial Corporation (the Corporation) (NASDAQ:CFFI), the holding company for C&F Bank, announced today that its Board of Directors has appointed Dr. David H. Downs to serve as a director of the Corporation effective February 24, 2026.  Dr. Downs will also serve as a director of the Bank, where he has been a member of the C&F Central Virginia Advisory Board for over 12 years. 

Dr. Downs is currently the Alfred L. Blake Endowed Chair Professor at Virginia Commonwealth University’s Department of Finance, Insurance and Real Estate and Director of The Kornblau Institute, which offers students and scholars a platform to research commercial and residential real estate. Dr. Downs’ research and curriculum focus on investments, financial regulation, valuation, and information economics. He previously served as an officer in the U.S. Navy’s Nuclear Submarine Program and worked at Booz Allen Hamilton in management consulting prior to his career in academia.

“We are fortunate to welcome Dr. Downs to our board of directors,” said Tom Cherry, President and Chief Executive Officer of the Corporation. “His expertise in real estate, investments, and risk management, combined with long-standing service to C&F and our communities, will be of great value to the Corporation.”

About C&F 

C&F Bank operates 31 banking offices and five commercial loan offices located throughout Virginia and offers full wealth management services through its subsidiary C&F Wealth Management, Inc. C&F Mortgage Corporation and its subsidiary C&F Select LLC provide mortgage loan origination services through offices located in Virginia and the surrounding states. C&F Finance Company provides automobile, marine and recreational vehicle loans through indirect lending programs offered primarily in the Mid-Atlantic, Midwest and Southern United States from its headquarters in Henrico, Virginia.

Additional information regarding the Corporation’s products and services, as well as access to its filings with the Securities and Exchange Commission, are available on the Corporation’s website at http://www.cffc.com.

Contact:

Jason Long, CFO and Secretary
(804) 843-2360

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ba962452-d4e1-47ea-8e67-38b96caf70fd

FAQ

Who is Dr. David H. Downs and why was he appointed to the CFFI board?

Dr. Downs is a finance professor and Kornblau Institute director at Virginia Commonwealth University with expertise in investments, real estate, valuation, and risk management; he has served on C&F’s Central Virginia Advisory Board for over 12 years.

When does Dr. David H. Downs officially join the C&F Financial (CFFI) board?

Dr. Downs’ appointment to the Corporation and Bank boards is effective February 24, 2026.

Will Dr. David H. Downs serve on both C&F Financial and C&F Bank boards (CFFI)?

Yes. He will serve as a director of both the holding company (CFFI) and C&F Bank starting February 24, 2026.

What experience does Dr. Downs bring that could benefit C&F Financial (CFFI)?

He brings academic expertise in investments and financial regulation, long-term advisory experience with C&F, and prior military and management consulting experience relevant to risk management and strategy.

How many branches and commercial loan offices does C&F Bank operate as noted with the board appointment?

C&F Bank operates 31 banking offices and five commercial loan offices located throughout Virginia.