Citizens and Farmers Bank
Citizens and Farmers Bank is a Virginia community bank and subsidiary of C&F Financial Corporation (NASDAQ: CFFI), operating 31 branches with $2.81B in assets and providing community banking, mortgage, consumer finance, and wealth management services to individuals and businesses across Virginia and surrounding states.
- Company typePublic
- Founded1927
- HeadquartersToano, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What Citizens and Farmers Bank does
Citizens and Farmers Bank (C&F Bank) is a Virginia-based community bank and the primary operating subsidiary of C&F Financial Corporation (NASDAQ: CFFI), founded in 1927 and headquartered in Toano, Virginia. As of March 31, 2026, the bank reported $2.81 billion in total assets and $2.40 billion in deposits, operating through 31 retail banking offices and 5 commercial loan offices across Virginia, with a recently extended Southwest Virginia footprint. The franchise serves individual consumers, small and mid-size businesses, mortgage borrowers, and consumer finance customers, with a relationship-driven local decision-making model.
C&F runs a diversified four-segment platform: community banking (commercial loans, residential mortgages, deposits, treasury management) through C&F Bank; residential mortgage origination across the Mid-Atlantic through C&F Mortgage Corporation and C&F Select LLC (which also provides third-party lender services); indirect consumer lending for automobiles, marine craft, and recreational vehicles across the Mid-Atlantic, Midwest, and Southern U.S. through C&F Finance Company (headquartered in Henrico, Virginia); and personalized investment solutions through C&F Wealth Management. The technology stack is standard regional-bank digital infrastructure — online and mobile banking, remote deposit capture, and a dedicated loan payment portal — with no disclosed proprietary AI/ML capabilities.
Revenue mechanics are dominated by net interest income from the bank's $1.61 billion community banking loan book and $460.6 million consumer finance portfolio, supplemented by noninterest income from gains on mortgage loan sales, debit/credit card interchange, deposit account service charges, wealth management fees, and B2B mortgage lender services. For FY2025, total income was $186.13M and consolidated net income reached $27.0M (up 35.5% year-over-year), with Q1 2026 delivering a 4.27% net interest margin, 11.28% annualized return on average tangible common equity, and $179.6M in mortgage originations (+57.9% year-over-year). Recent strategic actions include the July 2025 Southwest Virginia expansion and a May 2026 divestiture of the Bearing Insurance Group interest combined with a securities portfolio restructuring.
Citizens and Farmers Bank firmographics
Firmographics- Name
- Citizens and Farmers Bank
- Legal name
- Citizens and Farmers Bank
- Website
- https://investor.cffc.com
- Company type
- Public
- Founded year
- 1927
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Citizens and Farmers Bank is a Virginia community bank and subsidiary of C&F Financial Corporation (NASDAQ: CFFI), operating 31 branches with $2.81B in assets and providing community banking, mortgage, consumer finance, and wealth management services to individuals and businesses across Virginia and surrounding states.
- Ownership category
- akta.pro rank
Citizens and Farmers Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (52211), Offices of Bank Holding Companies (551111)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)
Keywords
Where Citizens and Farmers Bank is headquartered
LocationHeadquarters
- HQ city
- Toano
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Citizens and Farmers Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Interest Income: Interest income from community banking, mortgage banking, and consumer finance lending activities including commercial loans, residential mortgages, and auto/RV loans
- Gains on Sales of Loans: Mortgage banking segment generates gains on sales of loans when mortgage loans are sold to secondary market investors
- Interchange Income: Debit and credit card transaction fees from customer card usage
- Service Charges on Deposit Accounts: Fees charged on deposit accounts including overdraft fees, maintenance fees, and other account service charges
- Wealth Management Services: Investment management and advisory services income through C&F Wealth Management subsidiary
- Mortgage Lender Services: Fee income from Lender Solutions division providing mortgage origination functions to third-party mortgage lenders
- Mortgage Banking Fee Income: Origination fees and other mortgage banking related fee income
Distribution channels4 records
Marketing channels7 records
Citizens and Farmers Bank product offering
Product offeringCore offering
Citizens and Farmers Bank is a community bank providing retail and commercial deposit accounts, consumer and commercial loans, treasury management, residential mortgages, indirect consumer finance loans (automobile, marine, and recreational vehicles), and wealth management services to individuals and businesses primarily across Virginia. Operating as a subsidiary of C&F Financial Corporation (NASDAQ: CFFI), the bank delivers services through 31 retail branches, 5 commercial loan offices, online and mobile banking, and remote deposit capture.
Product overview
Citizens and Farmers Bank operates as part of C&F Financial Corporation, a diversified financial services holding company with a platform-plus-subsidiaries architecture. The core offering is C&F Bank, which provides community banking services including retail branches, commercial lending, and deposit accounts. This is supplemented by three specialized subsidiaries: C&F Mortgage Corporation (and its subsidiary C&F Select LLC) for residential mortgage origination in the Mid-Atlantic; C&F Finance Company for consumer indirect lending (auto, marine, recreational vehicles); and C&F Wealth Management for investment services. The subsidiaries allow C&F to offer a full spectrum of financial services to individuals and businesses across Virginia and surrounding states.
Differentiator
Problem solved
Functional benefit
Products and services
- C&F Bank Community Banking Services Full-service community banking for individuals and businesses in Virginia, including personal and business checking and savings accounts, treasury management, consumer loans, commercial loans, and commercial real estate financing. Delivered through 31 retail branches, 5 commercial loan offices, online and mobile banking, and remote deposit capture across Virginia with Southwest Virginia expansion completed in 2025.
- C&F Mortgage Corporation Residential Mortgages Residential mortgage loan origination for home purchases and refinances across the Mid-Atlantic region through dedicated mortgage offices in Virginia and surrounding states, generating gains on sales of loans to secondary market investors. Q1 2026 originations reached $179.6 million, up 57.9% year-over-year.
- C&F Finance Company Consumer Indirect Lending Indirect consumer lending for automobiles, boats, and recreational vehicles distributed through dealer networks in the Mid-Atlantic, Midwest, and Southern U.S. Loan portfolio totaled $460.6 million as of March 31, 2026.
- C&F Wealth Management Investment Services Personalized investment management and advisory services delivered primarily through C&F Bank branches, offering wealth management solutions to individuals seeking full-spectrum financial services from a single local provider.
- C&F Select LLC Mortgage Lender Services B2B fee-based mortgage origination services provided to third-party mortgage lenders, generating Lender Solutions division fee income for the holding company.
Quantifiable outcome
- Q1 2026 EPS of $2.08, up 25% year-over-year from $1.66 in Q1 2025
- +5 more outcomes
Companies that use Citizens and Farmers Bank
Customer profileSegments4 records
Ideal customer profiles4 records
Citizens and Farmers Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Citizens and Farmers Bank partnerships and signals
Strategic signalScale indicators13 records
Recent moves6 records
Expansion highlights4 records
Citizens and Farmers Bank competitors and assessment
Company assessmentDirect peers
- TowneBank: Virginia-based community bank with comparable Hampton Roads/Tidewater presence and similar diversified financial services model. Closely comparable in geography, scale, and operating philosophy.
- Burke & Herbert Financial Services: Virginia community bank with similar asset size (~$2–3 billion range), community banking model, and Northern Virginia/regional focus. Closely comparable on business model and scale.
- Virginia National Bankshares: Small Virginia-based community bank holding company with similar community banking focus and overlapping Virginia footprint. Directly comparable in scale and business mix.
- First National Corporation: Virginia community bank holding company with comparable asset size, community banking model, and rural/small-market focus. Closely aligned with C&F's operating profile.
- Old Point Financial: Hampton Roads, Virginia-based community bank with similar size, community focus, and traditional banking products. Closely comparable geographically and operationally.
- National Bankshares: Small community bank holding company with similar community banking model, rural footprint, and traditional retail/commercial banking focus. Comparable in scale and operating philosophy.
Broad incumbents
- Atlantic Union Bankshares: Larger Virginia-headquartered regional bank with overlapping branch network and similar commercial/retail banking focus. Comparable in customer base and product mix though materially larger in scale.
- Eagle Bancorp: Mid-Atlantic community bank focused on commercial lending and business banking. Comparable in customer segments and product offerings though operating in different sub-regions (DC metro).
- Sandy Spring Bancorp: Mid-Atlantic regional bank with community banking focus, wealth management, and mortgage operations. Similar diversified structure though larger in scale than C&F.
Regional players
- First Bank (NJ): Mid-Atlantic community bank of comparable size with diversified business model including commercial lending and retail banking. Comparable in scale though operating in different state.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Citizens and Farmers Bank social profiles
Digital presenceCitizens and Farmers Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Citizens and Farmers Bank leadership team
Management profileNumber of profiles
Profiles2 records
Citizens and Farmers Bank subsidiaries and ownership
Company hierarchySubsidiaries4 records
Citizens and Farmers Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Citizens and Farmers Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Citizens and Farmers Bank
What does Citizens and Farmers Bank do?
Citizens and Farmers Bank is a community bank providing retail and commercial deposit accounts, consumer and commercial loans, treasury management, residential mortgages, indirect consumer finance loans (automobile, marine, and recreational vehicles), and wealth management services to individuals and businesses primarily across Virginia. Operating as a subsidiary of C&F Financial Corporation (NASDAQ: CFFI), the bank delivers services through 31 retail branches, 5 commercial loan offices, online and mobile banking, and remote deposit capture.
Is Citizens and Farmers Bank a public or private company?
Citizens and Farmers Bank is a public company. It is classified as corporate owned and is currently operating.
When was Citizens and Farmers Bank founded?
Citizens and Farmers Bank was founded in 1927. It employs 251 to 500 people.
Where is Citizens and Farmers Bank based?
Citizens and Farmers Bank is headquartered in Toano, United States, in the North America region.
How does Citizens and Farmers Bank make money?
Seven revenue lines are on record. Interest Income is the primary driver. The others are gains on Sales of Loans, interchange Income, service Charges on Deposit Accounts, wealth Management Services, mortgage Lender Services and mortgage Banking Fee Income.
Who are Citizens and Farmers Bank's main competitors?
Direct peers on record are TowneBank, Burke & Herbert Financial Services, Virginia National Bankshares, First National Corporation, Old Point Financial and National Bankshares. Broad incumbents are Atlantic Union Bankshares, Eagle Bancorp and Sandy Spring Bancorp. First Bank (NJ) is listed as a regional player.
Does Citizens and Farmers Bank have an API?
No public API is recorded for Citizens and Farmers Bank.
What industry is Citizens and Farmers Bank in?
Citizens and Farmers Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings). Its NAICS code is 52211 and its SIC code is 6022.