Blue Ridge Bank Taps IBC To Offer Growth Capital to Beverage and CPG Companies with "Blue-Intelligent Business Capital"
New York-based Beverage and Consumer Package Goods advisory firm, InterContinental Beverage Capital (“IBC”), in a proprietary partnership with Blue Ridge Bank, N.A. (the “Bank”), the national bank subsidiary of Blue Ridge Bankshares, Inc., will be rolling out a new and innovative capital resource product for its clients in advance of upcoming industry events beginning in New York.Read More
Virginia-based Blue Ridge Bank expands into Charlotte with Middle-Market Banking
Virginia-based Blue Ridge Bankshares Inc., with $2.7 billion in assets, is building up its middle-market team. Three months ago, the bank brought on C. Douglass Riddle as managing director of corporate and middle
market banking. Riddle, is based in the Triangle. He is focusing on seven geographic markets, including Charlotte, the Triangle and the Triad, for expansion. Hampton Roads, Virginia, is another key location.
Virginia bank pursues middle market division, ready to compete for talent
Virginia-based Blue Ridge Bank is establishing a middle-market banking division with its sights set on the Triangle, the Triad and Charlotte.Read More
Blue Ridge Bank Expands Middle Market Banking Effort
Blue Ridge Bank, N.A., the national bank subsidiary of Blue Ridge Bankshares, Inc., today announced the establishment of its middle market banking division. This effort entails the buildout of commercial banking teams in attractive MSA’s in the Mid Atlantic and Southeast.Read More
Blue Ridge Bankshares, Inc. Announces First Quarter 2022 Results
Blue Ridge Bankshares, Inc. the holding company of Blue Ridge Bank, National Association and BRB Financial Group, Inc., announced today financial results for the quarter ended March 31, 2022. For the first quarter of 2022, the Company reported net income from continuing operations of $17.4 million, or $0.93 earnings per diluted common share, compared to $12.8 million, or $0.68 earnings per diluted common share, for the fourth quarter of 2021, and $4.2 million, or $0.28 earnings per diluted common share, for the first quarter of 2021. Earnings per diluted common share for all periods presented is reflective of the 3-for-2 stock split effective April 30, 2021. Net income for all periods presented also reflected merger-related expenses, as further discussed below.Read More