Capital raise will also help maintain NCM listing.
On 8/08/14, the bank received a letter from The Nasdaq Stock Market, LLC informing the Company of its failure to comply with Nasdaq Listing Rule 5550(a)(4), which requires that the Company have at least 500,000 publicly held shares to maintain a listing on the Nasdaq Capital Market.
Mr. Kenneth R. Lehman, Arlington, Virginia, to acquire up to 49.9% of the outstanding common stock of Village Bank & Trust Financial Corp., Midlothian, Virginia.
End of Comment Period Newspaper: 11/10/2014 Federal Register: 11/10/2014