Present report, things 2.02 and 9.01
SECURITIES AND TRADE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of this Securities Exchange Act of 1934
Date of report (Date of event that is earliest reported): January 28, 2020
VILLAGE BANK AND TRUST FINANCIAL CORP.
(precise title of Registrant as Specified in Charter)
(State or Other Jurisdiction
(Commission File Quantity)
13319 Midlothian Turnpike
(Address of Principal Executive Workplaces)
Registrant’s Cell Phone Number, Including Region Code: (804) 897-3900
(previous Name or Former Address, if Changed Since final Report)
Look at the box that is appropriate in the event that Form 8-K filing is supposed to simultaneously fulfill the filing responsibility for the registrant under some of the following conditions:
| ? | Written communications pursuant to Rule 425 beneath the Securities Act (17 CFR 230.425) |
| ? | Soliciting material pursuant to Rule 14a-12 beneath the Exchange Act (17 CFR 240.14a-12) |
| ? | Pre-commencement communications pursuant to Rule b that is 14d-2( underneath the Exchange Act (17 CFR 240.14d-2(b)) |
| ? | Pre-commencement communications pursuant to Rule 13e-4(c) beneath the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) associated with the Act:
| Title of every class | Trading Symbol(s) | Name of each and every change by which registered |
| popular Stock, par value $4.00 per share | VBFC | Nasdaq Capital marketplace |
Indicate by check mark if the registrant is a growth that is emerging as defined in Rule 405 associated with Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 associated with the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Growing development business ?
If a rising development company, indicate by check mark in the event that registrant has elected to not utilize the extensive transition for complying with any brand new or revised financial accounting criteria supplied pursuant to Section 13(a) associated with the Exchange Act. ?
Item 2.02 outcomes of Operations and Financial Condition.
On January 28, 2020, Village Bank and Trust Financial Corp. Issued a news release reporting its monetary outcomes for the time scale finished December 31, 2019. A duplicate regarding the pr release will be furnished as a exhibit to the report and shall never be considered “filed” for any function.
Item 9.01 Financial Statements online installment loans il and Displays.
| Display No. | Explanation |
| 99.1 | Press launch dated January 28, 2020 |
Pursuant towards the needs of this Securities Exchange Act of 1934, as amended, the Registrant has duly triggered this report to be finalized on its behalf by the undersigned hereunto duly authorized.
| TOWN BANK AND TRUST FINANCIAL CORP. | ||
| (Registrant) | ||
| Date: January 28, 2020 | By: | /s/ Donald M. Kaloski, Jr. |
| Donald M. Kaloski, Jr. | ||
| Executive Vice President and CFO | ||
For Immediate Release
TOWN BANK AND TRUST FINANCIAL CORP.
REPORTS 12.11% RETURN NORMALLY EQUITY AND 50% DEVELOPMENT IN EARNINGS
FOR THE FOURTH QUARTER OF 2019
Midlothian, Virginia, 28, 2020 january. Village Bank and Trust Financial Corp. (the “Company”) (Nasdaq icon: VBFC), parent company of Village Bank (the “Bank”), today reported unaudited outcomes for the quarter that is fourth of. Net gain for the 4th quarter of 2019 was $1,304,000, or $0.90 per completely diluted share, when compared with income that is net the 4th quarter of 2018 of $856,000, or $0.60 per completely diluted share. For the year finished December 31, 2019, net gain ended up being $4,477,000 or $3.10 per completely diluted share, in comparison to net gain when it comes to year finished December 31, 2018 of $3,037,000, or $2.04 per completely diluted share. Net gain offered to typical investors, which deducts from net gain the dividends on favored stock, ended up being $2,924,000, or $2.04 per completely diluted share, for the year finished December 31, 2018. There was clearly no favored stock outstanding during 2019.
Features for the 4th quarter and complete 12 months 2019 are the following:
Total deposits reduced by $34,231,000, or 7.17%, from Q3 2019, and increased by $4,161,000, or 0.95%, from Q4 2018. Variances of note are the following:
