FORM OF AFFILIATE AGREEMENTAffiliate Agreement • September 25th, 2024 • Village Bank & Trust Financial Corp. • State commercial banks
THIS AFFILIATE AGREEMENT (the “Agreement”), dated as of September 23, 2024, is by and among TOWNEBANK, a Virginia banking corporation (“Towne”), VILLAGE BANK AND TRUST FINANCIAL CORP., a Virginia corporation (“Holding Company”), and the undersigned shareholder of Holding Company (“Shareholder”). All capitalized terms used herein and not defined herein shall have the meanings assigned thereto in the Merger Agreement (defined below).
AGREEMENT AND PLAN OF REORGANIZATION by and among TOWNEBANK, CARDINAL SUB, INC., VILLAGE BANK AND TRUST FINANCIAL CORP. and VILLAGE BANKMerger Agreement • September 25th, 2024 • Village Bank & Trust Financial Corp. • State commercial banks • Virginia
THIS 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”).
