C&F Financial Corporation announced that Larry G. Dillon, Chairman of the Board and Chief Executive Officer of the Corporation and the Bank, notified the Board of his intention to step back from being Chief Executive Officer of the Corporation and the Bank toward the end of 2018. Mr. Dillon will continue to be involved in corporate strategy and corporate governance as Executive Chairman of the Board. In connection with Mr. Dillon's notification, it is intended that Thomas F. Cherry, President of the Corporation and the Bank, will be appointed President and Chief Executive Officer of the Corporation and the Bank when Mr. Dillon transitions from being Chief Executive Officer.

Mr. Cherry will continue to serve as a member of the Board of Directors of the Corporation and the Bank as well.