C&F Financial Announces Stock Repurchase.

Business Editors

WEST POINT, Va.--(BUSINESS WIRE)--March 14, 2003

The board of directors of C&F Financial Corporation (NASDAQ NASDAQ
in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CFFI CFFI Center on Federal Financial Institutions
CFFI Common Foreign Function Interface ) at a February 2003 board meeting authorized au·thor·ize
tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es
1. To grant authority or power to.

2. To give permission for; sanction: management to repurchase re·pur·chase
tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es
To buy (something) again.

n.
The act of buying something that one previously sold or owned.

Noun 1. up to 150,000 shares of the Company's common stock over a thirty-day period in privately negotiated transactions.

Since that authorization, the Company has repurchased 80,000 shares, approximately 2.2% of shares currently outstanding, at prices between $28.00 and $28.50 per share. As a result, the Company now has 3,580,559 common shares outstanding. Currently, no other repurchases are planned.

C&F Financial Corporation operates twelve retail bank branches located throughout the Williamsburg to Richmond corridor in Virginia through its Citizens and Farmers Bank subsidiary and its division, Citizens and Commerce Bank. The company provides mortgage and title services through C&F Mortgage Corporation's twelve offices and offers full investment services through its subsidiary C&F Investment Services, Inc. On September 1, 2002, the company purchased Moore Loans. Moore Loans is a regional finance company with three offices providing automobile loans in Richmond, Roanoke and Hampton Roads Hampton Roads, roadstead, 4 mi (6.4 km) long and 40 ft (12.2 m) deep, SE Va., through which the waters of the James, Nansemond, and Elizabeth rivers pass into Chesapeake Bay. , Virginia and portions of eastern Tennessee.

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Publication:	Business Wire
Geographic Code:	1USA
Date:	Mar 14, 2003
Words:	188
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