AGREEMENT AND PLAN OF REORGANIZATION by and among TOWNEBANK, CARDINAL SUB, INC., VILLAGE BANK AND TRUST FINANCIAL CORP. and VILLAGE BANKAgreement and Plan of Reorganization • September 25th, 2024 • Village Bank & Trust Financial Corp. • State commercial banks • Virginia
Contract Type FiledSeptember 25th, 2024 Company Industry JurisdictionTHIS AGREEMENT AND PLAN OF REORGANIZATION (the “Agreement”) is made and entered into as of September 23, 2024, by and among TowneBank, a Virginia banking corporation (“Towne”), Cardinal Sub, Inc., a Virginia corporation and wholly owned subsidiary of Towne (“Towne Merger Sub”), Village Bank and Trust Financial Corp., a Virginia corporation (“Holding Company”), and Village Bank, a Virginia banking corporation and wholly owned subsidiary of Holding Company (“Bank Subsidiary”).
AGREEMENT AND PLAN OF REORGANIZATION by and among TOWNEBANK, CARDINAL SUB, INC., VILLAGE BANK AND TRUST FINANCIAL CORP. and VILLAGE BANKAgreement and Plan of Reorganization • September 25th, 2024 • Village Bank & Trust Financial Corp. • State commercial banks • Virginia
Contract Type FiledSeptember 25th, 2024 Company Industry JurisdictionTHIS AGREEMENT AND PLAN OF REORGANIZATION (the “Agreement”) is made and entered into as of September 23, 2024, by and among TowneBank, a Virginia banking corporation (“Towne”), Cardinal Sub, Inc., a Virginia corporation and wholly owned subsidiary of Towne (“Towne Merger Sub”), Village Bank and Trust Financial Corp., a Virginia corporation (“Holding Company”), and Village Bank, a Virginia banking corporation and wholly owned subsidiary of Holding Company (“Bank Subsidiary”).