Old Point Financial is the holding company for Old Point National Bank of Phoebus, which has more than 20 branches in the Hampton Roads region of southeastern Virginia. Founded in 1923, the bank serves area businesses and consumers, offering such services as checking and savings accounts, money market accounts, and CDs. With these funds, the bank mainly originates commercial and residential mortgages, which account for a majority of its loans. Subsidiary Old Point Trust & Financial Services provides investment management and tax, estate, and retirement planning services. Old Point Trust & Financial Services owns about 20% of the company. Chairman and CEO Robert Shuford Sr. owns about 12%.