HAMPTON,
Va., Jan. 31, 2024 /PRNewswire/ -- Old Point
National Bank (Old Point or the Bank) is proud to announce a
strategic alliance with Tidewater Home Funding, LLC based in
Chesapeake, Virginia. As a part of
this alliance, Old Point will transition the processing of mortgage
loans to Tidewater Home Funding. Old Point will maintain the
branding of its mortgage division as Old Point Mortgage and will
continue to underwrite and service select portfolio mortgage
products through its retail and private banking arms. This alliance
will also allow Old Point to expand its mortgage product
offerings.
Joseph Witt, President, Financial
Services, Chief Strategy Officer of Old Point National Bank shared,
"This strategic alliance between Old Point and Tidewater Home
Funding will expand opportunities for both organizations, continue
to provide our customers with excellent service and local
decision-making, and maximize value to our shareholders."
Positions will be available at Tidewater Home Funding for Old
Point's mortgage loan originators. Sherry
Thacker, Executive Vice President and Mortgage Director with
Old Point, will continue to lead Old Point's mortgage loan
production efforts.
"We look forward to partnering with Old Point and expanding
Tidewater Home Funding's efforts to increase home ownership across
our region," said Kim S. Curtis,
President & CEO of Tidewater Home Funding, LLC.
About Old Point National Bank
Old Point National Bank
is a wholly-owned subsidiary of Old Point Financial Corporation
(Nasdaq: OPOF) which serves the Hampton
Roads and Richmond regions
of Virginia. It is a locally owned
and managed full-service community bank offering a wide range of
financial services, from solutions focused on individuals and small
businesses to comprehensive commercial services. Additional
information about the company is available at oldpoint.com.
About Tidewater Home Funding
Tidewater Home Funding is
proud to serve the mortgage needs of families across Virginia, North
Carolina, and Florida.
Founded over 20 years ago, Tidewater Home Funding has approved
delegated underwriting authority with Virginia Housing, Fannie Mae,
Freddie Mac, VA, FHA, and USDA. Additional information about the
company is available at tidewaterhomefunding.com. NMLS ID
#41552
For more information, contact Laura
Wright, Vice President/Marketing Director, Old Point
National Bank, at lwright@oldpoint.com or (757) 728-1743.
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SOURCE Old Point National Bank