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.
About VILLAGE BANK AND TRUST FINANCIAL CORP. (NASDAQ:VBFC)
Village Bank and Trust Financial Corp. is a bank holding company. The Company has three active subsidiaries: Village Bank (the Bank), Southern Community Financial Capital Trust I and Village Financial Statutory Trust II. The Bank has one active subsidiary: Village Bank Mortgage Corporation (the mortgage company), which is a full service mortgage banking company. The Company is the holding company of and successor to the Bank. The Bank is the primary operating business of the Company. The Bank offers a range of banking and related financial services, including checking, savings, certificates of deposit and other depository services, and commercial, real estate and consumer loans, primarily in the Richmond, Virginia metropolitan area. The Bank offers a range of financial services and products, and specializes in providing customized financial services to small and medium sized businesses, professionals, and individuals. The Bank conducts business from over 10 branch banking offices. VILLAGE BANK AND TRUST FINANCIAL CORP. (NASDAQ:VBFC) Recent Trading Information
VILLAGE BANK AND TRUST FINANCIAL CORP. (NASDAQ:VBFC) closed its last trading session up +0.55 at 27.00 with 398 shares trading hands.