secwatch.observer — SEC 8-K summary
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Issuer:     Village Bank & Trust Financial Corp. (—)
CIK:        0001290476
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001558370-25-004237
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Village Bank & Trust Financial Corp. acquired by TowneBank for $80.25 per share cash
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- Each VBFC share converted to $80.25 cash; stock delisted from Nasdaq effective April 1, 2025.
- Former CEO James E. Hendricks named Senior EVP of TowneBank; former director Frank E. Jenkins appointed to TowneBank board.
- All VBFC directors ceased; Village's corporate existence ended; articles and bylaws replaced by TowneBank's.
- Transaction closed April 1, 2025 under Merger Agreement dated September 23, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1290476/000155837025004237/0001558370-25-004237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1290476/000155837025004237/vbfc-20250401x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-004237

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