TowneBank, Village Bank & Trust announce agreement to merge
Hampton Roads based TowneBank (TOWN) and Village Bank and Trust Financial (VBFC) announced the signing of a definitive agreement and plan of reorganization pursuant to which TowneBank will acquire Village and Village Bank. The proposed transaction will enhance TowneBank's continued and growing presence in the Richmond MSA while providing opportunity for diverse revenue synergies with Towne Financial Services Group and strategic capital deployment.
