Blue Ridge Bankshares, the holding company of Blue Ridge Bank and BRB Financial Group, appointed G. William Beale CEO of the bank, effective immediately. Brian K. Plum will continue as president and CEO at the holding company and focus on broader strategy.
Blue Ridge Bank, the national bank subsidiary of Blue Ridge Bankshares, established a middle-market banking division, an effort that will entail the buildout of commercial banking teams in the Mid-Atlantic and Southeast regions. C. Douglass Riddle will lead the new division.
Blue Ridge Bankshares, the holding company of Blue Ridge Bank and BRB Financial Group, intends to phase out single-use plastics as part of its commitment to carbon neutrality by 2040. This policy will transition the company away from single-use plastic item by the end of 2024.
Blue Ridge Bankshares, the parent company of Blue Ridge Bank, and FVCBankcorp, the parent company of FVCbank, mutually agreed to terminate their merger agreement.
Since the merger of Blue Ridge Bank and FVCbank was announced in July, the Office of the Comptroller of the Currency has identified certain regulatory concerns with Blue Ridge Bank that could impact the application process and timing of the merger.
Star Mountain Capital closed its $290 million SBIC fund with support from new and existing limited partners, including banks, asset management firms, family offices and individuals.
Blue Ridge Bankshares, the parent company of Blue Ridge Bank, and FVCBankcorp, the parent company of FVCbank, entered into a definitive agreement pursuant to which the companies will combine in an all-stock merger of equals.
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.
Blue Ridge Bankshares agreed to acquire and Virginia Community Bankshares (VCB), the parent holding company of Virginia Community Bank, in a transaction valued at approximately $42.5 million in aggregate.
Blue Ridge Bank has named Mike Knotts as the SVP of Government Guaranteed Lending and Business Development. Knotts will be primarily providing business solutions to the Northern Virginia market and surrounding areas, as Blue Ridge Bank continues to expand its footprint.