TowneBank Announces Completion of Village Bank and Trust Financial Corp. Merger
Towne Bank (TOWN)
Last towne bank earnings: 4/27 08:30 am
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Source: GlobeNewswire
SUFFOLK, Va., April 01, 2025 (GLOBE NEWSWIRE) -- TowneBank (Nasdaq: TOWN) announced today the completion of its merger with Village Bank and Trust Financial Corp. and its subsidiary, Village Bank. The merger enhances 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. The merger was announced in September 2024 and received overwhelming support at the special meeting of Village shareholders held in December 2024. “Our TowneBank family is delighted to have our long-time friends at Village Bank join us,” said G. Robert Aston, Jr., Executive Chairman of TowneBank. “We look forward to welcoming more members across the greater Richmond area and providing enhanced capabilities through the bank and our family of companies.” William I. Foster III, TowneBank President and CEO, added, “We have great respect for the bankers joining us from Village and kno
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