C&F Financial Corp., West Point, Va., has announced a delay in the reporting of its second-quarter earnings, citing recently uncovered evidence that two former employees of C&F Mortgage Corp. embezzled approximately $2.2 million from the subsidiary.The parent company said its management, general counsel, external and internal auditors, and outside counsel are undertaking "a full and complete investigation" of the matter under the supervision of its audit committee. C&F Financial said it expects to release its financial results for the second quarter within about two weeks. The company can be found online at http://www.cffc.com.
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