Old Point Announces New Trust President and CEO | State

HAMPTON, Virginia., September 16, 2021 / PRNewswire / – Old Point Financial Corporation (Old Point) (Nasdaq: OPOF) is pleased to announce that A. Eric Kauders, Jr. was appointed President and CEO of Old Point Trust & Financial Services, NA (Old Point Trust). Mr. Kauders has over 20 years of wealth management experience, where he led the fiduciary business in a tri-state region with $ 16 billion in the assets under management of Bank of America Private Bank. Prior to this post he practiced law with McGuire Wood, LLP where he has represented banks, trust companies and individuals in fiduciary, contractual and bankruptcy matters.

Chairman of the Board, President and CEO of Old Point, Robert F. Shuford, Jr. said, “Eric’s strong wealth management skills will be of great benefit to Old Point as we continue to execute our profitability and growth strategies. I have the utmost confidence in his ability to contribute to the success of Old Point Trust while maintaining our dedication to local support and service. “

Kauders holds a bachelor’s degree from the College of Guillaume and Marie and his Juris Doctor from University of Virginia. He currently serves on the board of directors of the Virginia Council on Economic Education and the Trust and Wealth Management Committee of the Virginia Bankers Association.

The position of President and CEO of Old Point Trust was previously held by Eugene M. Jordan, II, who now occupies the new position of General Counsel and General Secretary of Old Point. Mr. Jordan has served as President and CEO of Old Point Trust for the past 19 years and continues to serve as Chairman of the Board of Directors of Old Point Trust.

About Old Point

Old Point Financial Corporation (Nasdaq: OPOF) is the parent company of Old Point National Bank and Old Point Trust & Financial Services, NA, which serve the Hampton Roads and Richmond regions of Virginia as well as to operate a mortgage loan production office in Charlotte, North Carolina. Old Point National Bank is a locally owned and managed community bank that offers a wide range of financial services ranging from checking, insurance and mortgage products to full business services. Old Point Trust is the largest provider of wealth management services based in Hampton Roads, Virginia, offering local asset management by experienced professionals. Additional company information is available at oldpoint.com.

for more information, contact Laura Wright, VP / Marketing Director, at [email protected] or (757) 728-1743.

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SOURCE Old Point Financial

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