Last $24.63 USD
Change Today +0.13 / 0.53%
Volume 200.0
VBFC On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

village bank and trust finan (VBFC) Snapshot

Open
$24.62
Previous Close
$24.50
Day High
$24.63
Day Low
$24.62
52 Week High
07/24/14 - $40.80
52 Week Low
11/25/13 - $17.94
Market Cap
8.2M
Average Volume 10 Days
377.8
EPS TTM
$-19.84
Shares Outstanding
333.6K
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VILLAGE BANK AND TRUST FINAN (VBFC)

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village bank and trust finan (VBFC) Details

Village Bank and Trust Financial Corp. operates as the holding company for Village Bank that provides banking and related financial services to individuals and businesses in Richmond, Virginia metropolitan area. It accepts checking, savings, certificates of deposit, money market accounts, certificates of deposit, and individual retirement accounts. The company also provides secured and unsecured commercial loans to small- and medium-sized businesses for various purposes, such as funding working capital needs, business expansion, and purchase of equipment and machinery; loans for acquiring, developing, constructing, and owning commercial real estate properties; and secured and unsecured consumer loans for financing automobiles, home improvements, education, and personal investments, as well as originates residential mortgage loans for sale in the secondary market. In addition, it offers online banking, mobile banking, and remote deposit capture services for business clients. The company was founded in 1999 and is headquartered in Midlothian, Virginia.

188 Employees
Last Reported Date: 03/26/14
Founded in 1999

village bank and trust finan (VBFC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $181.6K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $175.9K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $171.7K
Compensation as of Fiscal Year 2013.

village bank and trust finan (VBFC) Key Developments

Village Bank and Trust Financial Not In Compliance With Nasdaq Listing Rule

On August 8, 2014, Village Bank and Trust Financial Corp. (Company) received a letter from The Nasdaq Stock Market, LLC (Nasdaq) informing the Company of its failure to comply with Nasdaq Listing Rule 5550(a)(4), which requires that the Company have at least 500,000 publicly held shares to maintain a listing on the Nasdaq Capital Market. The number of publicly held shares was reduced as a result of the Company’s recently completed 1-for-16 reverse stock split. Under Nasdaq’s listing rules, the Company has until September 22, 2014 to provide the Nasdaq staff with a specific plan to achieve and sustain compliance with all Nasdaq Capital Market listing requirements, including the time frame for completion of the plan. If the plan is acceptable, the Nasdaq staff may grant the Company an extension of not greater than 180 days from the initial notification to regain compliance. If the Nasdaq staff rejects the Company’s plan, the Company will have the opportunity to appeal any decision to delist or issue a public reprimand to the Company. The Company expects to submit a plan to Nasdaq to achieve and sustain compliance with all Nasdaq Capital Market listing requirements. The plan will likely contemplate several alternatives for regaining compliance, including executing on the Company’s previously disclosed goal to raise additional capital. On August 11, 2014, the Company filed a Current Report on Form 8-K with the Securities and Exchange Commission that included a presentation management intends to use in support of discussions with potential investors. The Company’s recently completed reverse stock split is one of a number of steps the Company has and will be taking in an effort to make the Company attractive to a wider spectrum of investors and position the Company for a successful capital raise. There can be no assurance that these strategies (or any alternative strategy) will be consummated, or accepted by the Nasdaq staff.

Village Bank & Trust Financial Corp. Files Articles of Amendment to its Articles of Incorporation

On August 6, 2014, Village Bank and Trust Financial Corp. filed Articles of Amendment to its Articles of Incorporation with the Virginia State Corporation Commission to effect a reverse stock split of its outstanding common stock, $4.00 par value per share. The Articles of Amendment became effective at 12:01 a.m., Eastern Time, on August 8, 2014. As a result of the reverse split, every sixteen shares of the company's issued and outstanding Common Stock were consolidated into one issued and outstanding share of Common Stock. The number of shares of Common Stock subject to the company's outstanding stock options, warrants and restricted stock awards, as well as the relevant exercise prices per share, if applicable, has been proportionately adjusted to reflect the Reverse Split. No fractional shares of Common Stock will be issued as a result of the Reverse Split. Instead, shareholders who would otherwise be entitled to a fractional share will have such fractional share rounded up to the nearest whole share.

Village Bank & Trust Financial Corp. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Village Bank & Trust Financial Corp. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. The company reported a second quarter 2014 loss of $85,000 and a net loss available to common shareholders, which deducts from net income the dividends and discount accretion on preferred stock, of $380,000, or $0.07 per fully diluted common share. Those results compare to a net income available to common shareholders of $369,000, or $0.09 per fully diluted common share, for the second quarter of 2013. Interest income was $4,142,000 against $4,889,000 and net interest income before provision for loan losses was $3,185,000 against $3,720,000 reported last year. Negative return on average assets was 0.08% against return on average assets of 0.48% and negative return on average equity was 1.79% against return on average equity of 9.48% reported last year. Book value per share at the end of the period was $0.81 against $0.67 reported a year ago. For the six months, the company reported net loss available to common shareholders of $1,351,000 or $0.25 per diluted share compared to net loss available to common shareholders of $365,000 or $0.09 per diluted share reported in the same period last year. Interest income was $8,464,000 against $10,245,000 and net interest income before provision for loan losses was $6,467,000 against $7,809,000 reported last year. Negative return on average assets was 0.38% against return on average assets of 0.30% and negative return on average equity was 8.91% against return on average equity of 0.63% reported last year.

 

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Price/Earnings NM Not Meaningful
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