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Stock impact report

C&F Financial Corporation Announces Acquisition of Peoples Bankshares, Incorporated

C&F Financial Corporation (CFFI) 
Company Research Source: GlobeNewswire
TOANO, Va. and MONTROSS, Va., Aug. 13, 2019 (GLOBE NEWSWIRE) -- C&F Financial Corporation (Nasdaq: CFFI) (“C&F”) today announced the agreement to acquire Peoples Bankshares, Incorporated (OTC Pink: PBVA) and its subsidiary Peoples Community Bank (collectively “Peoples”) for stock and cash valued at approximately $21.4 million.  C&F, parent of Citizens and Farmers Bank, will enter the counties of Westmoreland, King George, Richmond and Stafford via the merger. At June 30, 2019, Peoples had $194 million in total assets.  Founded in 1913, Peoples serves the Northern Neck, Middle Peninsula and the cities of Fredericksburg and Richmond, Virginia. The company serves individuals and small businesses in these communities. Thomas F. (Tom) Cherry, President & Chief Executive Officer of C&F, remarked, “Both of our banks have a similar background of dedication Show less Read more
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