UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported)
                                  March 1, 1999

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

Virginia                                000-23423                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 explained in the attached press  release,  the board of directors of
         C&F Financial  Corporation  recently  approved the  repurchase of up to
         250,000  shares of Company  common stock in blocks of 10,000  shares or
         higher at a price of $20.00 per share or less.  Management  believes it
         has agreements to buy 235,000 shares from six shareholders by March 12,
         1999.  If  management  does not acquire  all 250,000  shares from large
         block  holders,  it may, at its  discretion,  purchase  shares from the
         market,  with total shares being purchased not to exceed  250,000.  The
         Company still will be  well-capitalized,  as defined  under  applicable
         bank holding company regulations, after completing the repurchase.





                                   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:  March 1, 1999                     By: /s/ Larry G. Dillon
                                            ---------------------------------
                                         Larry G. Dillon
                                         President & Chief Executive Officer