At a meeting on February 27, 2018, the Board of Directors of Village Bank and Trust Financial Corp. approved the promotion of Donald M. Kaloski, Jr, CPA, CGMA, age 36, to the position of Executive Vice President and Chief Financial Officer effective end of day on May 31, 2018 upon the previously announced retirement of C. Harril Whitehurst, Jr., who has served in that role since September 2003. Mr. Kaloski joined the Company in March 2013 as the Company's Vice President - Accounting and, in April 2015 was promoted to Senior Vice President - Accounting.

Prior to joining the company, Mr. Kaloski served as an audit manager at BDO USA, LLP from September 2007 until his employment with the Company.