VILLAGE BANK AND TRUST FINANCIAL CORP. (NASDAQ:VBFC) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
On December 20, 2016, William B. Chandler, a director of Village Bank and Trust Financial Corp. (the “Company”), notified the Company that he does not intend to stand for re-election at the Company’s 2017 annual meeting of shareholders. Mr. Chandler is one of the original directors of the Company having served since the Company’s wholly-owned subsidiary, Village Bank, received its charter in 1999. Mr. Chandler’s decision not to stand for re-election is for personal reasons and is not related to any disagreement on matters relating to Company’s operations, policies or practices. Mr. Chandler will continue to serve for the remainder of his current term, which expires at the Company’s 2017 annual meeting of shareholders.
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