Village Bank and Trust Financial Corp. (VBFC)

[56Chevy]

Investor May Buy Large Stake in Village Bank in Virginia

by Andy Peters

NOV 3, 2014 5:58pm ET

Community bank investor Kenneth Lehman is seeking regulatory approval to buy nearly half the shares in Village Bank & Trust Financial in Midlothian, Va.

http://www.americanbanker.com/issues/179_212/investor-may-buy-large-stake-in-village-bank-in-virginia-1071026-1.html

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Investor moves to pour major cash into Village Bank

October 22, 2014

Two years after a deal in Glen Allen, a Northern Virginia investor wants to buy a large chunk of another bank in the Richmond market.

Ken Lehman, a former SEC attorney who is known for buying into community banks, is looking to acquire a controlling interest in Midlothian-based Village Bank, according to a legal notice published this week.

Lehman intends to apply for permission with banking regulators to purchase 25 percent or more of the shares of Village Bank & Trust Financial Corp., the publicly traded holding company of Village Bank.

The move could provide Village with some needed capital as it looks to continue to carry out a turnaround plan aimed at fully shedding its lingering baggage from the downturn.

Details of Lehman’s full intentions are scant beyond the brief notice published by the Federal Reserve, which must approve his planned acquisition.

[....]

http://www.richmondbizsense.com/2014/10/22/investor-moves-to-pour-major-cash-into-village-bank/

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*Ken Lehman is a name we know from other bank deals.

Investor Kenneth Lehman to Buy Marine Bank & Trust in Fla.

Liberty Bell Bank (New Jersey) enters into stock purchase agreement with private investor

...there are many other banks he's involved with as well.