Village Bank redeems remaining series A preferreds

New York, April 2 – Village Bank & Trust Financial Corp. redeemed its remaining $5,027,000 of series A fixed-rate cumulative perpetual preferred stock on March 30, according to an 8-K filing with the Securities and Exchange Commission.

Holders received par plus accrued dividends.

Funding for the redemption came from the sale of $5.7 million of subordinated debt.

Midlothian, Va.-based Village Bank & Trust Financial is the holding company for Village Bank.

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