Old Point National Bank - M&A Summary and Business Overview

Financial ServicesCompany

Old Point National Bank M&A Summary

Old Point National Bank has acquired 2 companies.

Old Point National Bank’s largest acquisition to date was in 2017, when it acquired Citizens National Bank for $8M. Old Point National Bank has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

Old Point National Bank Business Overview

Where is Old Point National Bank headquartered?

Old Point National Bank is headquartered in Hampton, Virginia.

What is Old Point National Bank’s revenue?

Old Point National Bank disclosed revenue of 56M USD for 2022 and 53M USD for 2021.

How many employees does Old Point National Bank have?

Old Point National Bank has 290 employees.

What sector is Old Point National Bank in?

Old Point National Bank is a financial services company.

When was Old Point National Bank founded?

Old Point National Bank was founded in 1922.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Old Point National Bank

Old Point Financial Corp.

101 East Queen Street,
Hampton, Virginia 23663
United States,
(757) 728-1200
www.oldpoint.com

Old Point National Bank is a full service bank offering a wide range of financial services, from solutions focused on individuals and small businesses to comprehensive commercial services. Old Point Financial was founded in 1922 and is based in Hampton, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $8M $8M
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
Citizens National Bank 2017-10-30 8M USD Add-on Acquisition
Windsor, Virginia · www.cnbva.com
Old Point Mortgage 2017-01-24 - Divestiture
Virginia Beach, Virginia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (100%) 8M (100%) - -
Total 2 $8M - -

By Geo

State/Country Buy Value Sell Value
United States 2 8M - -
  Virginia 2 8M - -
Total 2 $8M - -

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
1
Legal Deals
Troutman Pepper Hamilton Sanders
1

Deal Values

buy # Total
< $100M 1 $8M
TOTAL $8M
Largest Citizens National Bank
$8M (2017-10-30)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)

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