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):  January 10, 2017

OLD POINT FINANCIAL CORPORATION

 (Exact name of registrant as specified in its charter)

Virginia	000-12896	54-1265373
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS 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)

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[   ]Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[   ]Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[   ]Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[   ]Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 10, 2017, Laurie D. Grabow, Chief Financial Officer and Senior Vice President/Finance, notified the Chairman of the Board of Directors and President and Chief Executive Officer of Old Point Financial Corporation (the Company) of her intent to retire in the summer of 2017 from her positions with the Company and its subsidiary, The Old Point National Bank of Phoebus (the Bank). Mrs. Grabow has worked for the Company and the Bank since 1986 and has served as the Company's Chief Financial Officer since 2000. The Company and the Bank are grateful for her dedicated service to the Company, the Bank, its employees, and its stockholders.

Item  9.01 Financial Statements and Exhibits.

(d)	Exhibits
	Exhibit 99.1   Press release dated January 18, 2017

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
Date: January 18, 2017	/s/ Robert F. Shuford, Sr.
	Robert F. Shuford, Sr.
	Chairman of the Board
	President & Chief Executive Officer

EX-99.1

Old Point CFO to Retire After 31 Years

After more than three decades of dedicated service to Old Point National Bank, Laurie Grabow, Executive Vice President and Chief Financial Officer has announced her intent to retire in the summer of 2017.  Like many Old Point employees, Laurie worked in different areas of the bank throughout her career, starting in 1986 as Assistant Vice President of Operations.  In 1995, she was named Audit Director and in 2000, Chief Financial Officer.  Laurie also serves as the Chief Financial Officer and Senior Vice President of Old Point Financial Corporation.  

Old Point Financial Corporation's Chairman, Robert F. Shuford, Sr. said, "I've known Laurie for many years and her commitment to this bank, our employees, and the stockholders is unmatched.  She contributed greatly to the growth of this organization and will be deeply missed.  However, at Old Point, we value family, so we are delighted that Laurie will be able to spend more quality time with both her children and grandchild."

Old Point has engaged Kaplan Partners, an executive search firm headquartered in Philadelphia, to lead the search for a new Chief Financial Officer.  Kaplan Partners specializes in attracting C-level executives to clients in the banking and financial services industry.  Rob Shuford, Jr., President and CEO of Old Point National Bank added, "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.  This is an exciting time to be at Old Point and it's a great time to live in Hampton Roads."

About Old Point

Old Point Financial Corporation ("OPOF" - Nasdaq)is theparent company of The Old Point National Bank of Phoebus, a locally owned and managed community bank serving all of Hampton Roads and Old Point Trust & Financial Services, N.A., aHampton Roads wealth management services provider. For more information, contact Erin Black, Senior Vice President/Marketing Director, eblack@oldpoint.com or 757.251.2792.  www.oldpoint.com.