Old Point National Bank CFO to retire this summer
Old Point National Bank is searching for a new CFO after Laurie Grabow announced her intent to retire this summer after more than 30 years with the company.
Grabow is CFO of Old Point National Bank as well as CFO and senior vice president at the bank’s parent company. She joined the bank in 1986 as assistant vice president of operations. Grabow then served as audit director before being named CFO in 2000.
“Laurie’s dedication through the recession positioned our company well for the future. She certainly won’t be easy to replace, but we are confident that a strong candidate who believes in the values of community banking will emerge,” Old Point Financial Corp. chairman, Robert F. Shuford Sr., said in a statement.
Old Point has hired Kaplan Partners, an executive search firm headquartered in Philadelphia, to lead the search for a new CFO.
Old Point Financial Corp. is the parent company of Old Point National Bank, a community bank serving Hampton Roads, and Old Point Trust & Financial Services NA, a wealth management services provider in Hampton Roads.