UNITED STATES
                        SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                  CURRNT REPORT

     Pursuant to Section i3 or 15(d) of the Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported)
                                  July 17, 1997

                            C&F FINANCIAL CORPORATION
             (Exact Name of Registrant as Specified in Its Chapter)

          Virginia                       33-70184               54-1680165
(State or other jurisdiction of        (Commission           (I.R.S. Employer
incorporation or organization)         File  Number)        Identification No.)


                              -------------------

                             Eighth and Main Streets
                                  P.O. Box 391
                           West Point, Virginia 23181
                    (Address of principal executive offices)
                         (Registrant's telephone number,
                       including area code):(804-843-2360)

                              -------------------

          (Former name or former address, if changed since last report)






Item 5. Other Events

(a) As stated in the attached press release,  W.T.  Robinson has stepped down as
Chairman of the Board of C&F Financial  Corporation (the "Company") and Citizens
and Farmers Bank (the "Bank"). Larry G. Dillon was appointed as the new Chairman
of the Board for both.  James H.  Hudson  III was  appointed  as a member of the
Board of Directors of the Company and the Bank.  D.N.  Sutton Jr.  resigned as a
member of the Board of Directors of the Company and the Bank.



                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                         C&F FINANCIAL CORPORATION,
                                         REGISTRANT

Date, July 16, 1997                      By:/s/ Larry G. Dillon
                                           ------------------------
                                         Larry G. Dillon
                                         President & Chief Executive Officer


                             For Immediate Release
                            C&F FINANCIAL CORPORATION

Wednesday, July 16, 1997

Contact- Brad Schwartz or Tom Cherry
         (804) 843-2360

                       C&F Financial Corporation Announces
                 Retirement of W.T. Robinson as Chairman of the
                                      Board

C&F Financial  Corporation  (the " Company " ), the one-bank holding company for
Citizens and Farmers Bank (the "Bank" ) of West Point,  announced  that after 50
years of distinguished  service to the Bank and over 30 years as Chairman of the
Board,  W.T.  Robinson  has  stepped  down as Chairman of the Board for both the
Company and the Bank. He will remain a Director of both,  however.  The Board of
Directors unanimously appointed Larry G. Dillon as Chairman of the Board of both
the  Company  and the  Bank.  Dillon  currently  serves as  President  and Chief
Fxecutive Officer of the Company and the Bank.

In an unrelated  matter,  D. N. Sutton Jr. has resigned as a member of the Board
of  Directors of both the Company and Bank for  personal  reasons.  The Board of
Directors  appointed James H. Hudson III, Corporate  Counsel,  as a member of he
Board of Directors  of the Company and the Bank.  Hudson is a partner in the law
firm of Hudson and Bondurant in West Point, Virginia.