Village Bank and Trust Financial Corp.(the 'Company'), parent company of Village Bank (the 'Bank'), announced that William G. Foster, Jr., Chief Executive Officer of the Company and the Bank, will step down as an officer of the Company and the Bank on August 14, 2020 to pursue other interests. James E. “Jay” Hendricks, Jr., currently Executive Vice President, Chief Operating Officer and Chief Risk Officer of the Bank, will assume the roles of Chief Executive Officer of the Company and the Bank upon Mr. Foster’s departure.