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Village Bank and Trust sees M&A as means to hit $1.25B asset size in 2022

Village Bank and Trust Financial Corp. hopes to become a company with assets of more than $1.25 billion come 2022, according to an investor presentation.

The Midlothian, Va.-based company believes that would require M&A.

Its preliminary 2022 aspirations include annual mortgage production of more than $400 million, predominantly purchase financing.