8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 13, 2004

OLD POINT FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

0-12896

(Commission File Number)

Virginia                                                 54-1265373

      (State of incorporation)                                      (I.R.S. Employer Identification No.)

  1 West Mellen Street, Hampton, Virginia      23663

                     (Address of principal executive offices)           (Zip Code)

(757) 728-1200

(Registrant’s telephone number, including area code)

Item 5.   Other Events and Regulation FD Disclosure

The Board of Directors of Old Point Financial Corporation declared a quarterly dividend of $0.15 per share of common stock to be paid on June 30, 2004, to shareholders of records as of May 31, 2004. A press release is attached as Exhibit 99.1.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

OLD POINT FINANCIAL CORPORATION

Registrant

/s/Robert F. Shuford

Chairman of the Board

President and Chief Executive Officer

Dated: May 14, 2004

EX-99

OLD POINT FINANCIAL QUARTERLY DIVIDEND

FOR IMMEDIATE RELEASE

May 13, 2004

Hampton, VA: Old Point Financial Corporation (Nasdaq “OPOF”) has declared a quarterly dividend of $0.15 per share of common capital stock to be paid on June 30, 2004, to shareholders of record as of May 31, 2004.
Old Point Financial Corporation, (Nasdaq Small Cap: “OPOF”,) with $661 million in assets, is the parent company of The Old Point National Bank and Old Point Trust & Financial Services, N.A. The Old Point National Bank is an independent, locally managed community bank with 16 branches. Old Point Trust & Financial Services, N.A. is a Hampton Roads wealth management services provider.

For more information contact : Lani Chisman Davis, Marketing Director, 757/ 728-1286