UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

               Date of Report (Date of earliest event reported)
                                March 26, 2001

                           C&F FINANCIAL CORPORATION
            (Exact Name of Registrant as Specified in Its Chapter)

          Virginia                  000-23423       54-1680165
(State or other jurisdiction of    (Commission   (I.R.S. Employer
incorporation or organization)     File Number)  Identification No.)

                      ___________________________________


                            Eighth and Main Streets
                                 P.O. Box 391
                          West Point, Virginia 23181
                   (Address of principal executive offices)
                        (Registrant's telephone number,
                      including area code):(804-843-2360)


                          ___________________________
         (Former name or former address, if changed since last report)


Item 5. Other Events
--------------------

(a)  As explained in the attached press release, the board of directors of C&F
     Financial Corporation, the one bank holding company for Citizens and
     Farmers Bank, has authorized management to continue to buy up to 10% of the
     Company's common stock over the next twelve months. The stock will be
     purchased in the open market and/or by privately negotiated transactions as
     management and the board of directors determine prudent.


                                  SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                             C&F FINANCIAL CORPORATION,
                             REGISTRANT

Date:  March 26, 2001        By:  /s/ Larry G. Dillon
     ----------------            -----------------------------------
                                 Larry G. Dillon
                                 President & Chief Executive Officer