TowneBank, Village Bank & Trust announce agreement to merge

Written by Emily J. Thompson, Senior Investment Analyst

VBFC%

TOWN-0.68%

Updated: Sep 24 2024

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TowneBank Acquisition: TowneBank has signed an agreement to acquire Village Bank and Trust Financial, enhancing its presence in the Richmond MSA.
Revenue Synergies: The acquisition is expected to create diverse revenue synergies with Towne Financial Services Group and facilitate strategic capital deployment.

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.

TowneBank, Village Bank & Trust announce agreement to merge

About the author

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