The board of directors of C&F Financial Corporation announced that Thomas F. Cherry has been promoted to President of C&F Financial Corporation (or C&F) and C&F Bank. In addition to his role as President, Cherry will continue as Chief Financial Officer until a successor is named. Board Chairman Larry Dillon will remain the Chairman and Chief Executive Officer of C&F and C&F Bank and will actively participate in strategic and operational initiatives at all of C&F's companies.

Tom Cherry (45) has been with C&F for 18 years during which time he has served as Executive Vice President and Chief Financial Officer of C&F and C&F Bank since December 2004 and as Secretary of C&F and C&F Bank since 2002.