WEST POINT, VA - C&F Financial Corporation (NASDAQ:CFFI), the holding company for C&F Bank, reported today that Bryan McKernon, President and CEO of its subsidiary C&F Mortgage Corporation, will retire from his executive role by the end of this month. The announcement was made through an 8-K filing with the Securities and Exchange Commission.
McKernon, who has led C&F Mortgage, will step down effective December 31, 2024. However, he will not be departing the company entirely. To ensure a smooth transition, he will continue to contribute to the company's leadership as the Executive Vice Chairman of the Board of Directors of C&F Mortgage through the end of 2025. Additionally, his presence will be maintained on the Board of Directors of Citizens and Farmers Bank, another subsidiary of C&F Financial Corporation.
The company has not yet announced a successor for McKernon's position as President and CEO of C&F Mortgage. The details of the transition plan are expected to be disclosed at a later time.
C&F Financial Corporation's shares are traded on The NASDAQ Stock Market LLC under the ticker symbol CFFI. The corporation operates within the state commercial banks sector, as classified under the Standard Industrial Classification code 6022.
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