Village Bank soars after $120 mln deal with TowneBank
24/09/2024 13:44
** Shares of Village Bank and Trust Financial VBFC.O jump
~43% to $77.50 premarket
** TowneBank TOWN.O agrees to acquire VBFC in $120 mln
deal
** Combined entity to have total assets of $17.8 bln,
companies say
** YTD as of last close, VBFC has gained 35.5%
(Reporting by Niket Nishant in Bengaluru)
((Niket.Nishant@thomsonreuters.com))