Old Point National Bank hires new CFO

Hampton-based Old Point Financial has named Paul M. Pickett senior vice president and chief financial officer of Old Point National Bank, effective Oct. 24, the bank announced Wednesday.

Pickett joins Old Point National Bank from Richlands-based First Sentinel Bank, a subsidiary of First Region Bancshares, where he had also been chief financial officer and senior vice president since 2020. Before that, he was CFO for Odyssey Engines, a multistate aviation holding company, for three years. Pickett spent 26 years in public accounting prior to those roles and worked with community banks and bank holding companies. He earned a bachelor’s in business administration in accounting from Radford University and is a certified public accountant.

“We are excited to welcome Paul to the Old Point family,” Rob Shuford Jr., chairman, president and CEO of Old Point Financial, said in a statement. “He is an accomplished addition to our high-performing executive team and reflects Old Point’s commitment to excellence. His wealth of financial services experience collaborating with many community banks will be integral for executing Old Point’s strategies for continued profitability and growth.”

Old Point National Bank has 15 local offices and $1.18 billion in deposits as of June 30, 2022, according to the Federal Deposit Insurance Corp.