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C&F Financial Corporation Declares Quarterly Dividend and Authorizes Share Repurchase Program

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TOANO, Va., Nov. 18, 2020 (GLOBE NEWSWIRE) -- The board of directors of C&F Financial Corporation (NASDAQ:CFFI) has declared a regular cash dividend of 38 cents per common share, which is payable January 1, 2021 to shareholders of record on December 14, 2020. The board of directors of the Corporation continually reviews the amount of cash dividends per share and the resulting dividend payout ratio in light of changes in economic conditions, current and future capital requirements, and expected future earnings.

In addition, the board of directors has authorized a program, effective November 17, 2020, to repurchase up to 365,000 shares of the Corporation’s common stock through November 30, 2021. 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 Corporation will purchase any shares under the program.

About C&F

C&F Bank operates 31 retail bank branches and three commercial loan offices located throughout the Hampton to Charlottesville corridor and the Northern Neck region in 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, Maryland, North Carolina, South Carolina and West Virginia. C&F Finance Company provides automobile, marine and RV loans through indirect lending programs offered in Alabama, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia and West Virginia through its offices in Richmond and Hampton, 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


C & F Financial Corp

NASDAQ:CFFI

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Commercial Banking
Finance and Insurance
Link
Finance, Regional Banks, Finance and Insurance, Commercial Banking
US
West Point

About CFFI

in 1927, the founders of c&f bank recognized the need for a strong, solid financial institution that would serve local businesses and the customers that lived and worked in our communities. through the years, c&f bank has proved that dedicated, well-trained employees, a commitment to outstanding service and a diverse offering of quality financial products are the keys to success and growth. as we grow, we stay committed to carry on our community banking heritage in each community we serve. today, we are recognized as one of the premier community banks in the country. in a time when many financial institutions are being acquired and merged, we are still here. we are large enough to stand on our own and to offer you, our customers, the most diversified, quality products available in the market. we are small enough to know you by name and recognize you when you come in to see us. you will deal with people you know and trust, right in your neighborhood branch. our focused on you brand