Village Bank & Trust Financial CORP

Market Movers (8-K)

Village Bank and Trust Financial Corp. has merged with TowneBank, with each outstanding share of Village common stock converted into the right to receive $80.25 in cash.
Village Bank and Trust Financial Corp. declares a $0.18 per share quarterly cash dividend.
Village Bank and Trust Financial Corp. announced its fourth quarter and full year 2024 results, which were impacted by merger-related expenses, while also showing growth in key areas.
Worse than expected
Village Bank and Trust Financial Corp. shareholders voted to approve the merger with TowneBank at a special meeting held on December 19, 2024.
Village Bank and Trust Financial Corp. declared a $0.18 per share quarterly cash dividend, payable on December 6, 2024, to shareholders of record as of November 29, 2024.
Village Bank and Trust Financial Corp. announced a significant turnaround in profitability for Q3 2024, alongside updates on its pending merger with TowneBank.
Better than expected

Quarterly Earnings (10-Q)

Village Bank & Trust Financial Corp. reports a significant increase in net income for Q3 2024, alongside details of its pending merger with TowneBank.
Better than expected
Village Bank & Trust Financial Corp. announced a rise in net income for the second quarter of 2024, compared to the same period last year, driven by improved net interest margin and mortgage banking income.
Better than expected
Village Bank & Trust Financial Corp. announced a net income of $1.77 million for the first quarter of 2024, an increase compared to $1.54 million for the same period in 2023.
Better than expected

Annual Reports (10-K)

Village Bank & Trust Financial Corp. announces increased net income for 2024 and provides updates on its pending merger with TowneBank.
Better than expected
Village Bank and Trust Financial Corp.'s 10-K filing details the characteristics of its common stock, regulatory environment, and business strategies.
Worse than expected

Insider Trading (Form 4)

Director Frank E. Jenkins Jr. reports the disposal of Village Bank & Trust Financial Corp. shares due to the merger with TowneBank, effective April 1, 2025.
Director Selena Trudy Sanderson reports the sale of Village Bank & Trust Financial Corp. shares due to the merger with TowneBank, effective April 1, 2025.
Ronald L. Carey, a director of Village Bank & Trust Financial Corp., reports the disposal of 736 shares of common stock following the merger with TowneBank, effective April 1, 2025.
Director Michael L. Toalson reports the disposal of Village Bank & Trust Financial Corp. shares following the merger with TowneBank, effective April 1, 2025.
Director Michael Katzen reports the disposal of Village Bank & Trust Financial Corp. shares due to the merger with TowneBank, effective April 1, 2025.
Mary Margaret Kastelberg, a director of Village Bank & Trust Financial Corp., reports the disposal of all her shares due to the merger with TowneBank, effective April 1, 2025.

Proxy Statements (Def-14A)

TowneBank will acquire Village Bank and Trust Financial Corp. for $80.25 per share in cash, totaling approximately $120.4 million.
Better than expected
TowneBank has announced a definitive agreement to acquire Village Bank and Trust Financial Corp. for $80.25 per share in cash, aiming to expand its presence in the Richmond and Chesterfield regions of Virginia.
TowneBank (TOWN) will acquire Village Bank and Trust Financial Corp. (VBFC) in a cash transaction valued at approximately $120 million, expanding TowneBank's presence in the Richmond, Virginia area.
Village Bank and Trust Financial Corp. has issued a supplement to its definitive proxy statement to correct an inadvertent inclusion of a preliminary draft of the 2024 Stock Incentive Plan, replacing it with the final version which is nearly identical except for a revision to Section 3(d).
Village Bank and Trust Financial Corp. will hold its annual shareholder meeting online on May 21, 2024, to vote on key proposals including the election of directors and executive compensation.
Village Bank and Trust Financial Corp. will hold its annual shareholder meeting virtually on May 21, 2024, to vote on director elections, executive compensation, and other corporate matters.