TowneBank to merge with Village Bank And Trust in a $120m deal.

TowneBank, a company offering a full range of banking and other financial services, agreed to merge with Village Bank And Trust, a holding company for Village Bank, in a $120m deal. “Our TowneBank family is humbled and excited to partner with Village Bank and its team members. We believe our partnership can bring additional products and expanded services to the clients of Village Bank while meaningfully enhancing our Richmond presence, which is core to our franchise and future growth," G. Robert Aston, Jr., TowneBank Executive Chairman.