Acquisition of Peoples Bankshares, Incorporated
On January 1, 2020, C&F Financial Corporation acquired Peoples Bankshares, Incorporated.
Shareholders of Peoples Bankshares, Incorporated received $27.00 in cash and 0.5366
shares of C&F Financial Corporation common stock in exchange for each share of Peoples
Bankshares, Incorporated common stock. More information about the transaction and
the tax basis of shares received in the exchange can be found at the following link: