Old Point Financial appoints new CFO
Jeffrey W. Farrar has been named executive vice president and CFO of Old Point National Bank.
Farrar also will serve as CFO and senior vice president of Old Point Financial Corp.
Farrar served for 18 years as CFO of StellarOne Corp. and its predecessor companies. Most recently he was director of wealth management, mortgage and insurance for Union Bankshares Corp. He began his career with BDO Seidman.
Farrar earned a bachelor’s in accounting from Virginia Tech, his MBA from Virginia Commonwealth University and is a CPA.
In January, Old Point’s current CFO, Laurie Grabow, announced her intention to retire in the summer of 2017. Old Point engaged Kaplan Partners, an executive search firm headquartered in Philadelphia, to lead the search for a new CFO. Grabow started at Old Point in 1986 as assistant vice president of operations. In 1995, she was named audit director and in 2000, CFO of Old Point National Bank and Old Point Financial Corp.