UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 28, 2010
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VILLAGE BANK AND TRUST FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
Virginia (State or other jurisdiction of incorporation) | 0-50765 (Commission File Number) | 16-1694602 (IRS Employer Identification No.) |
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15521 Midlothian Turnpike Midlothian, Virginia (Address of principal executive offices) | 23113 (Zip Code) |
Registrant’s telephone number, including area code: (804) 897-3900
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On January 28, 2010 the Registrant issued a press release announcing that it will record a $7.4 million non-cash impairment charge during the fourth quarter of 2009 to write-off all of the goodwill recorded from two prior acquisitions. The determination of the impairment charge followed the Registrant’s annual third-party review of goodwill and was made in connection with the preparation of the Registrant’s financial statements to be included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2009. A copy of the press release is being furnished as an exhibit to this report and is incorporated by reference into this Item 8.01.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| | 99.1 | Press Release dated January 28, 2010 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | VILLAGE BANK AND TRUST FINANCIAL CORP. |
| | (Registrant) | |
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| Date: January 28, 2010 | By: | /s/ C. Harril Whitehurst, Jr. | |
| | | C. Harril Whitehurst, Jr. |
| | | Senior Vice President and CFO |
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release dated January 28, 2010
