Village Bank (the "Bank") announced several key leadership changes that include the hiring of Christy Quesenbery who will join the Bank on August 24, 2020 as Executive Vice President of Operations. Ms. Quesenbery joins the Bank with over 35 years' experience in commercial banking. Ms. Quesenbery's expertise includes loan and deposit operations, compliance, human resources, information technology and information security. Most recently, Ms. Quesenbery was Executive Vice President and Chief Operating Officer for Touchstone Bankshares Inc. where she was responsible for multiple areas of operations and technology as well as enterprise risk and vendor management. Additionally, the Board of Directors of the Bank approved the promotion of Roy Barzel, Director of Strategic Initiatives, to the position of Executive Vice President and Chief Credit Officer of the Bank effective beginning on August 1, 2020. Mr. Barzel was most recently Senior Vice President and Director of Strategic Initiatives of the Bank. Finally, Donald M. "Donnie" Kaloski, Jr., Executive Vice President and Chief Financial Officer, will also take over responsibility for the risk and compliance departments. Mr. Kaloski will oversee a highly effective enterprise risk management program and culture that has been developed by the Bank to help identify and manage the Bank's risks. Mr. Kaloski's audit background and strong understanding of the Company's control environment puts him in good position to oversee and enhance the risk management program. Mr. Kaloski has been Executive Vice President and Chief Financial Officer of the Company and the Bank since May of 2018. These leadership changes will complete the transition of the primary responsibilities of James E. "Jay" Hendricks, currently Executive Vice President and Chief Operating Officer and Chief Risk Officer of the Bank, as he assumes the roles of President of Village Bank and Trust Financial Corp. (the Company) and the Bank upon the departure of William G. Foster, Jr., current President of the Company and the Bank.