Old Point Financial (OPOF) 8-K Old Point Financial Corporation Quarterly

Exhibit 99.1

FOR IMMEDIATE RELEASE

February 15, 2007

OLD POINT FINANCIAL CORPORATION QUARTERLY

DIVIDEND PAYMENT ANNOUNCED

Hampton, VAOld Point Financial Corporation (Nasdaq “OPOF”) has declared a quarterly dividend of $0.18 per share of common capital stock to be paid on March 29, 2007, to shareholders of record as of the close of business on February 28, 2007.

Old Point Financial Corporation, (Nasdaq Small Cap: “OPOF”,) with $848 million in assets, is the parent company ofThe Old Point National Bank andOld Point Trust & Financial Services, N.A.The Old Point National Bank is an independent, locally managed community bank serving Hampton Roads with 19 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