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Shareholders of Blue Ridge Bankshares, Inc and Bay Banks of Virginia, Inc Approve Merger

Tennessee-based bank opens in Innsbrook with new Richmond brand

Tennessee-based bank opens in Innsbrook with new Richmond brand January 7, 2021 3 The Southern Community Bank team in Richmond: Terry Richards, Andy Ferguson, Bonnie Howle, Matt Paciocco, Natalie Wison and Bill Bien. ( Courtesy of SCB) Armed with a veteran investor and a small, but well-capitalized Tennessee bank, John Presley has put the band back together in Richmond. From an office in Innsbrook, Presley and a group of six employees in recent weeks launched Southern Community Bank, an offshoot of Tennessee-based Sevier County Bank created specifically to serve as a new bank for the Richmond market. It’s the third new bank Presley has helped launch locally, having previously served as founding CEO of the former First Market Bank and First Capital Bank, both of which were eventually acquired.

CHARLOTTESVILLE, Va and RICHMOND, Va , Dec 28 2020 /PRNewswire/ -- Blue Ridge Bankshares, Inc (NYSE American: BRBS) ( Blue Ridge ), the parent holding company of Blue Ridge Bank, National Association, and Bay Banks of Virginia, Inc (OTC: BAYK) ( Bay

CHARLOTTESVILLE, Va and RICHMOND, Va , Dec 28 2020 /PRNewswire/ -- Blue Ridge Bankshares, Inc (NYSE American: BRBS) ( Blue Ridge ), the parent holding company of Blue Ridge Bank, National Association, and Bay Banks of Virginia, Inc (OTC: BAYK) ( Bay
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Richmond banking recap for 2020: M&A action, CEO changes, new branches

Richmond banking recap for 2020: M&A action, CEO changes, new branches BizSense file) It’s hard to remember there were a few weeks at the start of 2020 when coronavirus wasn’t part of our everyday vocabulary and life seemed normal. The local banking scene started the year in somewhat normal fashion as well, with C&F Bank completing its acquisition of Peoples Community Bank on the Northern Neck. C&F also got underway on a new headquarters for its finance division in Henrico. Then, what could have been an interesting year for bank M&A action was put on hold when the pandemic hit. Still, at least two deals got underway and continue toward the finish line.

Blue Ridge Bankshares, Inc and Bay Banks of Virginia, Inc Announce Regulatory Approvals for Pending Merger

Share this article Share this article CHARLOTTESVILLE, Va. and RICHMOND, Va., Dec. 28. 2020 /PRNewswire/  Blue Ridge Bankshares, Inc. (NYSE American: BRBS) ( Blue Ridge ), the parent holding company of Blue Ridge Bank, National Association, and Bay Banks of Virginia, Inc. (OTC: BAYK) ( Bay Banks ), the parent holding company of Virginia Commonwealth Bank, today jointly announced that they have received all required bank regulatory approvals for the pending merger of Bay Banks into Blue Ridge. Blue Ridge and Bay Banks will convene meetings of their respective shareholders on January 21, 2021 to vote on the merger. The merger remains subject to approval by shareholders of Blue Ridge and Bay Banks and other customary closing conditions.

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