On October 18, 2023, Old Point Financial Corporation announced that the Company?s Board of Directors appointed Mr. Paul Pickett, age 55, to the position of Chief Financial Officer. The Old Point National Bank of Phoebus effective October 24, 2023. He will also serve as the Company?s Principal Financial and Accounting Officer.

Mr. Pickett most recently served as Chief Financial Officer for First Region Bancshares Inc., which is headquartered in Richlands, Virginia and is the parent company of First Sentinel Bank and First Sentinel Financial Services. Prior to joining First Regions in 2020, he served as Chief Financial Officer of Odyssey Engines, LLC, a multistate aviation holding company for three years. Mr. Pickett spent 26 years in public accounting prior to those roles, working with community banks and bank holding companies of various sizes and complexity.

Mr. Pickett holds his Bachelor of Business Administration in Accounting from Radford University and is a Certified Public Accountant. The material terms of Mr. Pickett?s compensation will include an initial base annual salary of $225,000, subject to annual performance reviews, and participation in the Company?s short- and long-term incentive plans. Information about the Company?s short- and long-term incentive plans is set forth in the Company?s proxy statement for its 2023 annual meeting of stockholders.

Mr. Pickett will also be eligible to participate in the Bank?s employee benefit plans and programs on terms offered to similarly situated employees.