Village Bank and Trust Financial Corp.

VBFC

Market cap $120M

SUFFOLK, Va. and MIDLOTHIAN, Va., March 11, 2025 (GLOBE NEWSWIRE) -- Hampton Roads based TowneBank (NASDAQ: TOWN) and Village Bank and Trust Financial Corp. (NASDAQCM: VBFC) (“Village”) today announced that the Federal Deposit Insurance Corporation and the Virginia State Corporation Commission have approved the regulatory applications filed in connection with TowneBank's acquisition of Village and its wholly-owned subsidiary, Village Bank. In addition to the parties receiving all required regulatory approvals, the merger received the approval of Village's shareholders, with more than 86% of the outstanding shares voting for the merger at Village's special meeting of shareholders held on December 19, 2024.

NEW YORK, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Village Bank and Trust Financial Corp. (NASDAQ: VBFC ), relating to the proposed merger with TowneBank. Under the terms of the agreement, shareholders of Village will receive $80.25 per share in cash for each share of Village outstanding common stock.

MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating Village (NASDAQCM: VBFC) for possible breaches of fiduciary duty and other violations of law in its transaction with TowneBank. Click here to learn how to join our investigation, or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, Village shareholders will receive only $80.25 per share in cash for each share of Village outstanding common stock. This corresponds to an aggregate transaction.