Welcome to our dedicated page for Old Point Finl SEC filings (Ticker: OPOF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Old Point Financial Corporation (OPOF) SEC filings page provides access to the company’s historical regulatory documents, including the materials that recorded its merger into TowneBank and the end of its separate public listing. As a former Nasdaq Capital Market issuer in the commercial banking sector, Old Point used its SEC reports and current reports on Form 8-K to disclose financial performance, corporate actions, and later, the terms and effects of its merger.
Key filings include multiple Forms 8-K that describe material events in 2025. One Form 8-K dated July 30, 2025 furnishes a press release detailing Old Point’s second quarter 2025 earnings, including net income, net interest income, net interest margin, loan and deposit changes, non-performing assets, and allowance for credit losses. Other 8-K filings report first quarter 2025 results, as well as shareholder votes at a special meeting to approve the merger agreement with TowneBank and related proposals.
Merger-related filings are central to Old Point’s later SEC history. A Form 8-K filed on August 15, 2025 reports that Old Point and TowneBank had received all required regulatory approvals for the merger and sets out the election deadline for Old Point shareholders to choose between cash and stock consideration, subject to allocation and proration procedures. A further Form 8-K filed on June 23, 2025 discusses shareholder litigation and demand letters concerning the proxy statement and describes supplemental disclosures made in response.
The most consequential filing is the Form 8-K filed on September 2, 2025, which states that on September 1, 2025 Old Point merged with and into TowneBank, with TowneBank as the surviving corporation, and that Old Point National Bank also merged into TowneBank. This filing explains how each share of Old Point common stock was converted into the right to receive cash or TowneBank stock and notes that Old Point requested suspension and removal of its listing from Nasdaq. A companion Form 25-NSE dated September 2, 2025 documents the removal of Old Point common stock from listing and registration on the Nasdaq Stock Market LLC.
These filings, together with Old Point’s periodic earnings-related 8-Ks, form a regulatory record of the company’s financial condition, strategic decisions, and ultimate combination with TowneBank. On this page, AI-powered tools can assist by highlighting key items within each filing—such as merger terms, delisting notices, or earnings drivers—so readers can more quickly understand the significance of lengthy documents like Form 8-Ks and Form 25.
Andrew Buxbaum, General Counsel of Old Point Financial Corp (OPOF), reported a disposition of 5,186 shares of Old Point common stock on 09/01/2025. The filing shows 0 shares beneficially owned following the transaction. The explanation states these shares include previously unreported purchases through the company's ESPP and dividend reinvestment, and that at the Effective Time of the Merger with TowneBank each Old Point share converted into the right to receive either $41.00 in cash or 1.14 shares of TowneBank stock subject to proration; fractional shares were paid in cash. The filing lists closing prices on August 29, 2025: Old Point $42.10 and TowneBank $36.69.
Old Point Financial Corp. reporting person Cathy Liles, CFO, recorded a disposition of 1,440 shares of Old Point common stock on 09/01/2025 related to the merger with TowneBank. The filing states that under the Merger Agreement each restricted share fully vested at the Effective Time and each outstanding share was converted into the right to receive either $41.00 in cash per share or 1.14 shares of TowneBank common stock, subject to allocation and proration procedures. The filing also notes the reporting person’s previously unreported shares were acquired through the issuer’s ESPP and dividend reinvestment, and that fractional shares were paid in cash.
Donald S. Buckless, EVP and Chief Lending Officer of Old Point Financial Corp (OPOF), reported a disposition of 11,370 shares of Old Point common stock on 09/01/2025. The reported sale occurred as part of the Merger Agreement with TowneBank: at the Effective Time each Old Point share converted into the holder's election of $41.00 cash per share or 1.14 TowneBank shares, and previously restricted shares fully vested. The report shows 0 shares beneficially owned by the reporting person after the transaction. The filing notes closing prices on August 29, 2025 of $42.10 for Old Point and $36.69 for TowneBank, and that fractional shares were paid in cash.
Old Point Financial Corp. insider A. Eric Kauders Jr. reported a transaction dated 09/01/2025 showing a disposition of 12,212 shares of Old Point common stock, leaving 0 shares beneficially owned after the transaction. The filing states these shares include previously unreported shares acquired through the issuer's ESPP and exempt dividend reinvestment. The disposals occurred in connection with the Merger Agreement dated April 2, 2025, under which each Old Point share converted into the holder's election of $41.00 cash or 1.14 TowneBank shares, with fractional shares paid in cash. The filing was signed by an attorney-in-fact on behalf of the reporting person on 09/03/2025.
Insider transaction and merger conversion. Joseph R. Witt, a director and officer of Old Point Financial Corp (OPOF), reported on Form 4 that on 09/01/2025 he disposed of 22,801 shares of Old Point common stock. The filing states these shares include previously unreported shares acquired through the issuer's ESPP. Under the Merger Agreement dated April 2, 2025, each outstanding Old Point share converted at the effective time into the holder's choice of $41.00 cash or 1.14 shares of TowneBank common stock, subject to allocation and proration; fractional shares were paid in cash. The filing shows 0 shares beneficially owned by Mr. Witt following the reported transaction.
Robert F. Shuford Jr., President and CEO and director of Old Point Financial Corp. (OPOF), reported a disposition of 50,930 shares of Old Point common stock on 09/01/2025, leaving him with 0 shares owned following the transaction. The transaction arose from the Merger Agreement among Old Point, TowneBank and Old Point National Bank of Phoebus: at the Effective Time each outstanding Old Point share converted into the right to receive either $41.00 in cash or 1.14 shares of TowneBank common stock, subject to allocation and proration. The filing notes previously unreported shares from exempt dividend reinvestment and that certain indirect holdings previously reported for his children were omitted because they reached majority. The form is signed by an attorney-in-fact on 09/03/2025.
Sarah B. Castleberry, a director of Old Point Financial Corp (OPOF), reported a disposal of 11,560 shares of Old Point common stock on 09/01/2025. The reported ownership following the transaction is 0 shares. The sale/disposition resulted from the merger with TowneBank under the Merger Agreement dated April 2, 2025, which provided Old Point holders the election to receive $41.00 per share in cash or 1.14 shares of TowneBank common stock. The filing notes previously unreported shares were from exempt dividend reinvestment and that fractional shares were paid in cash. The form was signed by attorney-in-fact Cathy Liles on 09/03/2025.
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