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.