A. Eric Kauders, Jr. was appointed as president and CEO for Old Point Trust & Financial Services. Kauders has more than 20 years of wealth management leadership experience, where he led the fiduciary business in a three-state region with $16 billion in assets under management at Bank of America Private Bank. Prior to that role, he practiced law with McGuire Woods where he represented banks, trust companies and individuals in fiduciary, contract and bankruptcy matters.
“Eric’s wealth management acumen will be a great benefit to Old Point as we continue with the execution of our strategies for profitability and growth,” Robert F. Shuford, Jr., chairman, president and CEO at Old Point, said. “I have the utmost confidence in his ability to help further Old Point Trust’s success while maintaining our dedication to unmatched, local support and service.”
The role of president and CEO for Old Point Trust was previously held by Eugene M. Jordan, II, who has transitioned into the new role of general counsel and corporate secretary for Old Point. Jordan served as the president and CEO of Old Point Trust for the past 19 years and continues to serve as chairman of the Old Point Trust board of directors.
