VILLAGE BANK AND TRUST FINANCIAL CORP. (NASDAQ:VBFC) Files An 8-K Other EventsItem 8.01Other Events.
On December 7, 2017, Village Bank and Trust Financial Corp. (the “Company”) announced that George Karousos, President of Village Bank Mortgage Corporation (“VBMC”), will be leaving his position with VBMC to pursue other interests. VBMC is a wholly owned subsidiary of Village Bank, which is a wholly owned subsidiary of the Company. On December 11, 2017, the Company announced that Clif Winn, a long-time member of VBMC’s executive management, had assumed the duties of President of VBMC effective on that date.
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.