Blue Ridge Bankshares, the parent holding company of Blue Ridge Bank, and Bay Banks of Virginia, the parent holding company of Virginia Commonwealth Bank, received all required bank regulatory approvals for the pending merger of Bay Banks into Blue Ridge.
Chris Lyle, a 17-year commercial banking veteran, joined Virginia Commonwealth Bank as a senior vice president, Commercial Lender.
Ramsey K. Hamadi joined Bay Banks of Virginia as chief strategic officer. He will work with the company’s board of directors and management to develop business and balance sheet strategies and to improve risk management processes and oversight.
Bay Banks of Virginia hired Judy C. Gavant as executive vice president and chief financial officer. She will succeed James A. Wilson, Jr., who is retiring after 30 years with the company.
Virginia Commonwealth Bank has hired Bill Bien as senior vice president, Commercial Banking. Bien will be developing commercial banking relationships in the Richmond region.
Shareholders of Bay Banks of Virginia and Virginia BanCorp voted to approve an agreement to merge and operate as a single entity under the Virginia Commonwealth Bank name.