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Activist investor increases stake in Virginia-based Old Point Financial

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Activist investor increases stake in Virginia-based Old Point Financial

The PL Capital Group bought 39,500 common shares of Hampton, Va.-based Old Point Financial Corp. from Oct. 24 to Dec. 24.

PL Capital now owns 7.2% of Old Point Financial common shares based upon 5,183,416 outstanding common shares of Old Point Financial as of Oct. 24.