Old Point National Bank completes acquisition of mortgage company

Published April 21, 2017 by Robert Powell, III

Hampton-based Old Point National Bank acquired complete ownership interest of Old Point Mortgage. 

The bank, which previously owned 49 percent of the mortgage company, entered into an agreement to buy the majority interest from Tidewater Mortgage Services Inc. in January.

Old Point National Bank and Tidewater Mortgage began their partnership in 2007.

Sherry Thacker, longtime vice president of Old Point Mortgage, has been named senior vice president and managing director of the company. Thacker, a Hampton Roads native, has more than 25 years of experience in the mortgage industry. 

Old Point Mortgage will continue to serve its existing footprint, which includes Old Point National Bank and Old Point Trust branches and offices in Virginia Beach, Newport News and Moyock, N.C.