TowneBank and Village Bank and Trust Financial Corp. Receive Regulatory Approvals for Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 11 2025
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Source: Yahoo Finance
Merger Announcement: TowneBank has received regulatory approval for its acquisition of Village Bank and Trust Financial Corp., with over 86% of Village's shareholders voting in favor. The merger is expected to be finalized by early April 2025.
Operational Changes: Post-merger, Village Bank locations will operate under the name "Village Bank, a Division of TowneBank" until mid-June 2025, when their systems will be integrated into TowneBank's operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
