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C&F Financial Corp – ‘10-Q’ for 9/30/17 – ‘EX-3.1’

On:  Wednesday, 11/8/17, at 11:35am ET   ·   For:  9/30/17   ·   Accession #:  913341-17-42   ·   File #:  0-23423

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  As Of               Filer                 Filing    For·On·As Docs:Size

11/08/17  C&F Financial Corp                10-Q        9/30/17   79:24M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.22M 
 2: EX-3.1      Articles of Incorporation/Organization or Bylaws    HTML     52K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     31K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     31K 
 5: EX-32       Certification -- §906 - SOA'02                      HTML     31K 
12: R1          Document And Entity Information                     HTML     43K 
13: R2          Consolidated Balance Sheets                         HTML    114K 
14: R3          Consolidated Balance Sheets (Parentheticals)        HTML     45K 
15: R4          Consolidated Statements of Income                   HTML    120K 
16: R5          Consolidated Statements of Comprehensive Income     HTML     83K 
17: R6          Consolidated Statements' of Shareholders Equity     HTML     62K 
18: R7          Consolidated Statements' of Shareholders Equity     HTML     24K 
                (Parentheticals)                                                 
19: R8          Consolidated Statements of Cash Flows               HTML    148K 
20: R9          Summary of Significant Accounting Policies          HTML    190K 
21: R10         Securities                                          HTML    281K 
22: R11         Loans                                               HTML    778K 
23: R12         Allowance for Loan Losses                           HTML    558K 
24: R13         Shareholders' Equity and Earnings Per Common Share  HTML     98K 
25: R14         Employee Benefit Plans                              HTML     69K 
26: R15         Fair Value of Assets and Liabilities                HTML    504K 
27: R16         Business Segments                                   HTML    562K 
28: R17         Commitments and Financial Instruments with          HTML     60K 
                Off-Balance-Sheet Risk                                           
29: R18         Derivative Financial Instruments                    HTML    171K 
30: R19         Other Noninterest Expenses                          HTML     69K 
31: R20         Summary of Significant Accounting Policies          HTML    206K 
                (Policies)                                                       
32: R21         Summary of Significant Accounting Policies          HTML    159K 
                (Tables)                                                         
33: R22         Securities (Tables)                                 HTML    281K 
34: R23         Loans (Tables)                                      HTML    787K 
35: R24         Allowance for Loan Losses (Tables)                  HTML    564K 
36: R25         Shareholders' Equity, and Earnings Per Common       HTML     90K 
                Share (Tables)                                                   
37: R26         Employee Benefit Plans (Tables)                     HTML     67K 
38: R27         Fair Value of Assets and Liabilities (Tables)       HTML    482K 
39: R28         Business Segments (Tables)                          HTML    555K 
40: R29         Commitments and Financial Instruments with          HTML     59K 
                Off-Balance-Sheet Risk (Tables)                                  
41: R30         Derivative Financial Instruments (Tables)           HTML    160K 
42: R31         Other Noninterest Expenses (Tables)                 HTML     68K 
43: R32         Summary of Significant Accounting Policies -        HTML     35K 
                Nature of Operations (Details)                                   
44: R33         Summary of Significant Accounting Policies -        HTML     31K 
                Share-Based Compensation (Details)                               
45: R34         Summary of Significant Accounting Policies -        HTML     48K 
                Restricted Stock Activity (Details)                              
46: R35         Summary of Significant Accounting Policies - Stock  HTML     60K 
                Option Activity (Details)                                        
47: R36         Securities - Available for sale Securities          HTML     43K 
                (Details)                                                        
48: R37         Securities - Contractual Maturities (Details)       HTML     79K 
49: R38         Securities - Pledged as Collateral (Details)        HTML     31K 
50: R39         Securities - Unrealized Loss Positions (Details)    HTML     65K 
51: R40         Securities - Restricted Stocks (Details)            HTML     28K 
52: R41         Loans - Major Classifications of Loans (Details)    HTML     47K 
53: R42         Loans - Loans Acquired (Details)                    HTML     54K 
54: R43         Loans - Loans on Nonaccrual Status (Details)        HTML     40K 
55: R44         Loans - Past Due Status (Details)                   HTML    116K 
56: R45         Loans - Troubled Debt Restructurings (Details)      HTML     59K 
57: R46         Loans - Impaired Loans (Details)                    HTML     66K 
58: R47         Loans - Change in Accretable Yield (Details)        HTML     35K 
59: R48         Allowance for Loan Losses - Change in Allowance     HTML     54K 
                for Loan Losses (Details)                                        
60: R49         Allowance for Loan Losses - Allowance and Loans by  HTML     77K 
                Impairment Methodology (Details)                                 
61: R50         Allowance for Loan Losses - Credit Quality          HTML    102K 
                Indicators (Details)                                             
62: R51         Allowance for Loan Losses - Loans by Credit         HTML     32K 
                Quality Indicators - Performing and Non-Performing               
                (Details)                                                        
63: R52         Shareholders' Equity and Earnings Per Common Share  HTML     40K 
                - Accumulated Other Comprehensive Income (Details)               
64: R53         Shareholders' Equity, Other Comprehensive Income    HTML     30K 
                and Earnings Per Common Share - Shareholders'                    
                Equity (Common Shares) (Details)                                 
65: R54         Shareholders' Equity and Earnings Per Common Share  HTML     35K 
                - Earnings Per Common Share (Details)                            
66: R55         Shareholders' Equity and Earnings Per Common Share  HTML     28K 
                - Antidilutive Securities (Details)                              
67: R56         Employee Benefit Plans (Details)                    HTML     39K 
68: R57         Fair Value of Assets and Liabilities - Financial    HTML     71K 
                Assets Measured at Fair Value on a Recurring Basis               
                (Details)                                                        
69: R58         Fair Value of Assets and Liabilities - Financial    HTML     45K 
                Assets Measured at Fair Value on Non-Recurring                   
                Basis (Details)                                                  
70: R59         Fair Value of Assets and Liabilities - Carrying     HTML     89K 
                Value and Estimated Fair Value of Financial                      
                Instruments (Details)                                            
71: R60         Business Segments - Segment Reporting (Details)     HTML    108K 
72: R61         Business Segments - Segment Debt (Details)          HTML     33K 
73: R62         Commitments and Financial Instruments with          HTML     27K 
                Off-Balance-Sheet Risk - IRLC and Other                          
                Derivatives (Details)                                            
74: R63         Commitments and Financial Instruments with          HTML     32K 
                Off-Balance-Sheet Risk - Changes in Allowance for                
                Indemnifications Losses (Details)                                
75: R64         Derivative Financial Instruments (Details)          HTML     54K 
76: R65         Other Noninterest Expenses (Details)                HTML     37K 
78: XML         IDEA XML File -- Filing Summary                      XML    141K 
77: EXCEL       IDEA Workbook of Financial Reports                  XLSX    103K 
 6: EX-101.INS  XBRL Instance -- cffi-20170930                       XML   8.35M 
 8: EX-101.CAL  XBRL Calculations -- cffi-20170930_cal               XML    246K 
 9: EX-101.DEF  XBRL Definitions -- cffi-20170930_def                XML    626K 
10: EX-101.LAB  XBRL Labels -- cffi-20170930_lab                     XML   1.25M 
11: EX-101.PRE  XBRL Presentations -- cffi-20170930_pre              XML   1.09M 
 7: EX-101.SCH  XBRL Schema -- cffi-20170930                         XSD    153K 
79: ZIP         XBRL Zipped Folder -- 0000913341-17-000042-xbrl      Zip    315K 


‘EX-3.1’   —   Articles of Incorporation/Organization or Bylaws


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C:   C: 
  Exhibit_3_1  

Exhibit 3.1

AMENDED AND RESTATED

ARTICLES OF INCORPORATION

OF

C&F FINANCIAL CORPORATION

I.  NAME

The name of the Corporation is C&F Financial Corporation.

II.  PURPOSE

The purpose for which the Corporation is organized is to act as a bank holding company and to transact any and all lawful business, not required to be specifically stated in the Articles of Incorporation, for which corporations may be incorporated under the Virginia Stock Corporation Act.

III.  CAPITAL STOCK

The Corporation shall have authority to issue eight million (8,000,000) shares of Common Stock, par value $1.00 per share, and three million (3,000,000) shares of Serial Preferred Stock, par value $1.00 per share.

A.    Serial Preferred Stock

Section 1.    Issuance In Series.  The Board of Directors is hereby empowered to cause the Serial Preferred Stock of the Corporation to be issued in series with such of the variations permitted by clauses (a) – (h), both inclusive of this Section 1 as shall have been fixed and determined by the Board of Directors with respect to any series prior to the issue of any share of such series.

The shares of the Serial Preferred Stock of different series may vary as to:

(a) the number of shares constituting such series, and the designation of such series, which shall be such as to distinguish the shares thereof from the shares of all other series and classes;

(b) the rate of dividend, the time of payment and, if cumulative, the dates from which dividends shall be cumulative, and the extent of participation rights, if any;

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(c) any right to vote with holders of shares of any other series or class and any right to vote as a class, either generally or as a condition to specified corporate action;

(d) the price at and the terms and conditions on which shares may be redeemed;

(e) the amount payable upon shares in event of involuntary liquidation;

(f) the amount payable upon shares in event of voluntary liquidation;

(g) any sinking fund provisions for the redemption or purchase of shares; and

(h) the terms and conditions on which shares may be converted, if the shared of any series are issued with the privilege of conversion.

The shares of all series of Serial Preferred Stock shall be identical except as, within the limitations set forth above in this ‎Section 1, shall have been fixed and determined by the Board of Directors prior to the issuance thereof.

Section 2.    Dividends.  The holders of the Serial Preferred Stock of each series shall be entitled to receive, if and when declared payable by the Board of Directors, dividends at the dividend rate for such series, and not exceeding such rate except to the extent of any participation right.  Such dividends shall be payable on such dates as shall be fixed for such series.  Dividends, if cumulative and in arrears, shall not bear interest.

No dividends shall be declared or paid upon or set apart for the Common stock or for stock of any other class hereafter created ranking junior to the Serial Preferred Stock in respect of dividends or assets (hereinafter called Junior Stock), and no shares of Serial Preferred Stock, Common stock or Junior Stock shall be purchased, redeemed or otherwise reacquired for a consideration, nor shall any funds be set aside for or paid to any sinking fund therefor, unless and until (i) full dividends on the outstanding aerial preferred stock at the dividend rate or rates therefor, together with the full additional amount required by any participation right, shall have been paid or declared and set apart for payment with respect to all past dividend periods, to the extent that the holders of the Serial Preferred Stock are entitled to dividends with respect to any past dividend period, and the current dividend period, and (ii) all mandatory sinking fund payments that shall have become due in respect of any series of the Serial Preferred Stock shall have been made.  Unless full dividends with respect to all past dividend periods on the outstanding Serial Preferred Stock at the dividend rate or rates therefor, to the extent that holders of the Serial Preferred Stock are entitled to dividends with respect to any particular past dividend period, together with the full additional amount required by any participation right, shall have been paid or declared and set apart for payment and all mandatory sinking fund payments that shall have become due in respect of any series of the Serial Preferred Stock shall have been made, no distributions shall be made to the holders of the Serial Preferred Stock of any series unless distributions are made to the Holders of the Serial Preferred Stock of all series then outstanding in proportion to the aggregate amounts of the deficiencies in payments due to the respective series, and all payments shall be applied first, to dividends accrued and in arrears, next, to any amount

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required by any participation right, and, finally, to mandatory sinking fund payments.  The terms “current dividend period” are “past dividend period” mean, if two or more series of Serial Preferred Stock having different dividend periods are at the time outstanding, the current dividend period, or any past dividend period, as the case may be, with respect to each such series.

Section 3.    Preference on Liquidation.  In the event of any liquidation, dissolution or winding up of the Corporation, the holders of the Serial Preferred Stock of each series shall be entitled to receive, for each share thereof, the fixed liquidation price for such series, plus, in case such liquidation, dissolution or winding up shall have been voluntary, the fixed liquidation premium for such series, if any, together in all cases with a sum equal to all dividends accrued or in arrears thereon and the full additional amount required by any participation right, before any distribution of the assets shall be made to holders of Common Stock or Junior Stock; but the holders of the Serial Preferred Stock shall be entitled to no further participation in such distribution.  If upon any such liquidation, dissolution or winding up, the assets distributable among the holders of Serial Preferred Stock shall be insufficient to permit the payment of the full preferential amounts aforesaid, then such assets shall be distributed among the holders of the Serial Preferred Stock then outstanding ratably in proportion to the full preferential amounts to which they are respectively entitled.  For the purposes of this Section 3, the expression “dividends accrued or in arrears” means, in respect of each share of the Serial Preferred Stock of any series at a particular time, an amount equal to the product of the rate of dividend per annum applicable to the shares of such series multiplied by the number of yearn and any fractional part of a year that shall have elapsed from the date when dividends on such shares became cumulative to the particular time in question less the total amount of dividends actually paid on the shares of such series or declared and set apart for payment thereon; provided, however, that, if the dividends on such Shares shall not be fully cumulative, such expression shall mean the dividends, if any, cumulative in respect of such shares for the period stated in the articles of serial designation creating such shares less all dividends paid in or with respect to such period.

B.    Common Stock

Section 1.  Subject to the provisions of law and the rights of holders of shares at the time outstanding of Serial Preferred Stock, the holders of Common Stock at the time outstanding shall be entitled to receive such dividends at such times and in much amounts as the Board of Directors may deem advisable.

Section 2.  In the event of any liquidation, dissolution or winding up (whether voluntary or involuntary) of the Corporation, after the payment or provision for payment in full for all debts and other liabilities of the Corporation and all preferential amounts to which the holders of shares at the time outstanding of Serial Preferred Stock shall be entitled, the remaining net assets of the Corporation shall be distributed ratably among the holders of the shares at the time outstanding of Common Stock.

Section 3.  The holders of Common Stock shall be entitled to one vote per share on all matters as to which a stockholder vote is taken.

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IV.  NO PREEMPTIVE RIGHTS

No holder of capital stock of the corporation of any class shall have any preemptive right to subscribe to or purchase (i) any shares of capital stock of the Corporation, (ii) any securities convertible into such shares or (iii) any options, warrants or rights to purchase such shares or securities convertible into any much shares.

V.  DIRECTORS

Section 1.  The Board of Directors shall consist of a minimum of five (5) and a maximum of fifteen (15) individuals, and the number of directors may be fixed or changed from time to time within such range by the Board of Directors.

Section 2.  The Board of Directors shall be divided into three classes, Class I, Class II, and Class III as nearly equal in number as possible.  Directors of the first class (Class I) shall be elected to hold office for a term expiring at the 1994 annual meeting of the shareholders; directors of the second class (Class II) shall be elected for a term expiring at the 1995 annual meeting of the shareholders, and directors of the third class (Class III) shall be elected to hold office for a term expiring at the 1996 annual meeting of shareholders.  The successors to the class of directors whose terms expire shall be identified as being of the same class as the directors they succeed and elected to hold office for a term expiring at the third succeeding annual meeting of shareholders.  When the number of directors is changed, any newly created directorships or any decrease in directorships shall be apportioned among the classes by the Board of Directors as to make all classes as nearly equal as possible.

Section 3.  Directors of the Corporation may be removed only for cause and with the affirmative vote of at least two-thirds of the outstanding shares entitled to vote.

Section 4.  If the office of any director shall become vacant, the directors at the time in office, whether or not a quorum, may, by majority vote of the directors then in office, choose a successor who shall hold office until the next annual meting of stockholders.  In such event, the successor elected by the stockholders at that annual meeting shall hold office for a term that shall coincide with the remaining term of the class of directors to which that person has been elected.  Vacancies resulting from the increase in the number of directors shall be filled in the same manner.

VI.  SHAREHOLDER APPROVAL OF CERTAIN TRANSACTIONS

Any amendment of the Corporation’s Articles of Incorporation, a plan of merger or exchange, a transaction involving the sale of all or substantially all the Corporation’s assets other than in the regular course of business and a plan of dissolution shall be approved by the vote of a majority of all the votes entitled to be cast on such transactions by each voting group entitled to vote on the transaction at a meeting at which a quorum of the voting group is present, provided that the transaction has been approved and recommended by at least two-thirds of the directors in office at the time of such approval and recommendation.  If the transaction is not so approved and recommended, then the transaction shall be approved by the vote of eighty percent (80%) or more

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of all votes entitled to be cast on such transactions by each voting group entitled to vote on the transaction.

VII.  LIMIT ON LIABILITY AND INDEMNIFICATION

Section 1.  To the full extent that the Virginia Stock Corporation Act, as it exists on the date hereof or may hereafter be amended, permits the limitation or elimination of the liability of directors or officers, a director or officer of the Corporation shall not be liable to the Corporation or its shareholders for monetary damages.

Section 2.  To the full extent permitted and in the manner prescribed by the Virginia Stock Corporation Act, the Corporation shall indemnify each director or officer of the Corporation against liabilities, fines, penalties and claims imposed upon or asserted against him (including amounts paid in settlement) by reason of having been such director or officer, whether or not then continuing so to be, and against all expenses (including counsel fees) reasonably incurred by him in connection therewith, except in relation to matters as to which he shall have been finally adjudged liable by reason of his willful misconduct or a knowing violation of criminal law in the performance of his duty as such director or officer.  The Board of Directors is hereby empowered, by majority vote of a quorum of disinterested directors, to contract in advance to indemnify any director or officer.

Section 3.  The Board of Directors is hereby empowered, by majority vote of a quorum of disinterested directors, to cause the Corporation to indemnify or contract in advance to indemnify any person not specified in Section 2 of this Article against liabilities, fines, penalties and claims imposed upon or asserted against him (including amounts paid in settlement) by reason of having been an employee, agent or consultant of the Corporation, whether or not then continuing so to be, and against all expenses (including counsel fees) reasonably incurred by him in connection therewith, to the same extent as if such person were specified as one to whom indemnification is granted in Section 2.

Section 4.  The Corporation may purchase and maintain insurance to indemnify it against the whole or any portion of the liability assumed by it in accordance with this Article and may also procure insurance, in such amounts as the Board of Directors may determine, on behalf of any person who is or was a director, officer, employee, agent or consultant of the Corporation against any liability asserted against or incurred by any such person in any such capacity or arising from his status as such, whether or not the Corporation would have power to indemnify him against such liability under the provisions of this Article.

Section 5.  In the event there has been a change in the composition of a majority of the Board of Directors after the date of the alleged act or omission with respect to which indemnification is claimed, any determination as to indemnification and advancement of expenses with respect to any claim for indemnification made pursuant to Sections 2 or 3 of this Article VI shall be made by special legal counsel agreed upon by the Board of Directors and the proposed indemnitee.  If the Board of Directors and the proposed indemnitee are unable to agree upon such special legal counsel, the Board of Directors and the proposed indemnitee each shall select a nominee, and the nominees shall select such special legal counsel.

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Section 6.  No amendment, modification or repeal of this Article shall diminish the rights provided hereby or diminish the right to indemnification with respect to any claim, issue or matter in any then pending or subsequent proceeding that is based in any material respect on any alleged action or failure to act occurring before the adoption of such amendment, modification or repeal.

Section 7.  Every reference herein to director, officer, employee, agent or consultant shall include  every director, officer, employee, agent, or consultant of the Corporation or any corporation the majority of the voting stock of which is owned directly or indirectly by the Corporation,  every former director, officer, employee, agent, or consultant of the Corporation,  every person who may have served at the request of or on behalf of the Corporation as a director, officer, employee, agent, consultant or trustee of another corporation, partnership, joint venture, trust or other entity, and  in all of such cases, his executors and administrators.

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18 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/07/24  C&F Financial Corp.               10-Q        3/31/24   82:26M
 2/28/24  C&F Financial Corp.               S-8         2/28/24    7:2.2M
 2/27/24  C&F Financial Corp.               10-K       12/31/23  148:35M
11/07/23  C&F Financial Corp.               10-Q        9/30/23   95:28M
 8/08/23  C&F Financial Corp.               10-Q        6/30/23   94:27M
 5/05/23  C&F Financial Corp.               10-Q        3/31/23   95:23M
 2/28/23  C&F Financial Corp.               10-K       12/31/22  139:31M
11/08/22  C&F Financial Corp.               10-Q        9/30/22   85:24M
 8/01/22  C&F Financial Corp.               10-Q        6/30/22   85:23M
 5/09/22  C&F Financial Corp.               S-8         5/09/22    4:129K                                   Toppan Merrill Bridge/FA
 5/06/22  C&F Financial Corp.               10-Q        3/31/22   83:19M
 3/01/22  C&F Financial Corp.               10-K       12/31/21  145:31M
11/02/21  C&F Financial Corp.               10-Q        9/30/21   89:22M
 8/03/21  C&F Financial Corp.               10-Q        6/30/21   89:22M
 5/04/21  C&F Financial Corp.               10-Q        3/31/21   89:19M
 3/03/21  C&F Financial Corp.               10-K       12/31/20  151:31M                                    Toppan Merrill Bridge/FA
11/04/20  C&F Financial Corp.               10-Q        9/30/20   93:23M
 8/05/20  C&F Financial Corp.               10-Q        6/30/20   92:22M                                    Toppan Merrill Bridge/FA
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