US EditionVillage Bank investor turns $8M into $62M thanks to TowneBank deal - Richmond BizSense
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Village Bank investor turns $8M into $62M thanks to TowneBank deal - Richmond BizSense
In 2015, seasoned bank investor Ken Lehman agreed to front $8 million as part of a $14 million capital raise to help prop up Midlothian-based Village Bank. At the time, the bank was struggling with recession-era baggage from soured loans, foreclosed real estate and dwindling capital levels. Lehman bought in at $13.87 per share, giving the bank the capital it needed to begin a course back to its current state of stability, profitability and a ris…
·Richmond, United States
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