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                             FOR IMMEDIATE RELEASE
                               September 30, 2002



          Hampton, VA    Old Point Financial Corporation announced  that
          Frank  E.  Continetti, President & CEO of Old  Point  Trust  &
          Financial  Services,  N.A. a wholly owned  subsidiary  of  Old
          Point Financial Corporation resigned as of October 4, 2002  to
          pursue other interest outside the Hampton Roads area.

          The  Board  of  Directors  of  Old  Point  Trust  &  Financial
          Services, N.A. plans to announce a successor shortly.

          Old  Point  Financial Corporation ("OPOF"  -  Nasdaq  SmallCap
          Market)  is the parent company of Old Point National  Bank,  a
          locally owned and managed community bank serving Hampton Roads
          with  a  15-branch  network extending from Chesapeake  through
          James  City County, and Old Point Trust & Financial  Services,
          N.A.,  a  Hampton Roads' independent trust services  provider.
          Web: www.oldpoint.com

          For  more  information contact : Lani Chisman Davis, Marketing
          Director, 757/ 728-1286