Village Bank and Trust Financial Corp.
VBFC
NASDAQ Capital Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- James E. Hendricks Jr.
- Full Time Employees
- 133
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 13319 Midlothian Turnpike Midlothian VA United States of America 23113
- IPO Date
- Apr 1, 1996
- CIK
- 0001290476
- Website
- villagebank.com
- Similar Companies
- Business
- Village Bank and Trust Financial Corp. (NASDAQ: VBFC) is a bank holding company for Village Bank, which provides commercial banking and mortgage banking services to small and medium-sized businesses, professionals, and individuals primarily in the Richmond metropolitan area and Williamsburg, Virginia. Village Bank offers deposit products including checking and demand deposit accounts, savings accounts, money market accounts, individual retirement accounts, certificates of deposit, and other time deposits; lending services such as secured and unsecured commercial business loans for working capital, inventory, receivables, business expansion, equipment and machinery purchases, small business administration loans, and state-sponsored business loans, as well as loans for acquiring, developing, constructing, and owning commercial real estate; consumer loans including secured and unsecured financing for automobiles, home improvements, education, and personal investments; mortgage loans; and real estate construction and acquisition loans. The company also provides internet and mobile banking, remote deposit capture for business clients, loan participations, and loan purchases. Founded in 1999 and headquartered in Midlothian, Virginia, Village Bank operates through nine branches in Virginia. In a major strategic development, TowneBank (NASDAQ: TOWN) announced a definitive merger agreement with Village Bank and Trust Financial Corp. on September 24, 2024, receiving shareholder approval on December 19, 2024, with over 86% of shares in favor, and regulatory approvals from the Federal Deposit Insurance Corporation and Virginia State Corporation Commission on March 11, 2025. The acquisition, valued at approximately USD 80.25 per share in cash, was completed on April 1, 2025, integrating Village Bank as a division of TowneBank under the Village Bank name until June 2025, when operations transition to TowneBank's systems, thereby expanding TowneBank's presence in the Richmond Metropolitan Statistical Area. As of December 31, 2024, prior to the merger, Village Bank reported total assets of $756.1 million.