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BRBS on NYSE

BLUE RIDGE BANKSHARES, INC.

American state commercial bank that raised $150 million in 2024 (SEC Form D)1

In its 2026 annual report the company says: “The Bank is a federally chartered national bank with its main office in Martinsville, Virginia that traces its roots to Page Valley Bank of Virginia, which opened for business in 1893.”3 It is headquartered in Richmond, Virginia.1 Its shares trade on NYSE under the symbol BRBS.1

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Last updated Oct 21, 2026.

Overview

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  • TickerBRBS on NYSE1
  • IndustryState Commercial Banks1
  • HeadquartersRichmond, Virginia1
  • Incorporated inVA2
  • Business address1801 Bayberry Court, Suite 101, Richmond, Va 232262
  • Filer categoryAccelerated filer, Smaller reporting company2
  • Legal formCorporation

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Blue Ridge Bankshares, Inc. (the “Company”) is a bank holding company headquartered in Richmond, Virginia. The Company provides commercial and consumer banking and financial services through its wholly-owned bank subsidiary, Blue Ridge Bank, National Association (the “Bank”), and its wealth and trust management subsidiary, BRB Financial Group, Inc. (the “Financial Group”). The Company was incorporated under the laws of the Commonwealth of Virginia in July 1988.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2020

557.2%Net margin4
44.2%Revenue growth, 20205
16.4%Return on equity6
-$111.3MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2020

  • Interest31¢$9.9M
  • Income tax15¢$4.8M
  • Profit54¢$17.7M

Out of $3.2M in revenue.54

Financial statements

Revenue5$3.2M in 2020+44% since 2019
0$1.0M$2.0M$3.0M$4.0M2019: $2.2M$2.2M20192020: $3.2M$3.2M2020+44%
Net income54$17.7M in 2020+286% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $4.6M$4.6M20192020: $17.7M$17.7M2020+286%

Every line of the income statement as filed: the last 2 fiscal years, latest first.9

Period ending2025-12-312024-12-31
Interest and fees on loans$121.4M$142.3M
Interest on securities, deposit accounts, and federal funds sold$16.4M$18.0M
Total interest income$137.8M$160.3M
Interest on deposits$51.1M$69.1M
Interest on subordinated notes$2.0M$2.4M
Interest on FHLB and FRB borrowings$5.8M$10.2M
Total interest expense$58.9M$81.7M
Net interest income$78.9M$78.7M
Recovery of credit losses - loans-$3.9M-$2.9M
Recovery of credit losses - unfunded commitments-$100.0K-$2.2M
Total recovery of credit losses-$4.0M-$5.1M
Net interest income after recovery of credit losses$82.9M$83.8M
Service charges on deposit accounts$2.6M$1.5M
Bank and purchase card interchange income, net$2.3M$2.1M
Wealth and trust management fees$1.9M$2.4M
Swap transaction fees$540.0K$0
Increase in cash surrender value of bank owned life insurance$33.0K$855.0K
Residential mortgage banking income$860.0K$9.8M
"Mortgage servicing rights (""MSRs"")"-$385.0K$629.0K
Income (loss) on sale of MSRs$1.4M-$3.6M
Loss on sale of securities available for sale$0-$67.0K
Fair value adjustments of other equity investments-$112.0K-$8.2M
Other$3.8M$8.1M
Total noninterest income$12.8M$13.6M
Salaries and employee benefits$46.2M$58.2M
Occupancy and equipment$4.9M$5.6M
Technology and communications$9.7M$10.0M
Legal and regulatory filings$2.4M$2.0M
Advertising and marketing$1.2M$933.0K
Audit fees$1.4M$3.0M
FDIC insurance$2.8M$5.5M
Intangible amortization$914.0K$1.1M
Other contractual services$1.9M$6.6M
Other taxes and assessments$3.7M$3.0M
Regulatory remediation$0$4.7M
Other$6.8M$13.2M
Total noninterest expense$81.9M$113.8M
Income (loss) before income tax expense$13.8M-$16.5M
Income tax expense (benefit)$3.1M-$1.1M
Net income (loss)$10.7M-$15.4M
Basic earnings (loss) per common share$0-$0
Diluted earnings (loss) per common share$0-$0

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Corporate structure

BLUE RIDGE BANKSHARES, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BLUE RIDGE BANKSHARES, INC.

  • Azora Capital LP Filed SCHEDULE 13G/A on BLUE RIDGE BANKSHARES, INC., latest May 15, 2026 (2 filings since Feb 17, 2026)
  • Wellington Management Company Filed SCHEDULE 13G on BLUE RIDGE BANKSHARES, INC., latest Feb 10, 2026
  • AllianceBernstein Filed SCHEDULE 13G/A on BLUE RIDGE BANKSHARES, INC., latest Aug 13, 2025 (3 filings since Feb 14, 2022)
  • LEHMAN KENNETH R Filed SCHEDULE 13D/A on BLUE RIDGE BANKSHARES, INC., latest Apr 18, 2025 (3 filings since Apr 10, 2024)
  • WBI LP Filed SCHEDULE 13G/A on BLUE RIDGE BANKSHARES, INC., latest Feb 14, 2025 (3 filings since Jul 25, 2024)
  • Richard T. Spurzem Filed SCHEDULE 13G/A on BLUE RIDGE BANKSHARES, INC., latest Jan 3, 2025 (5 filings since Feb 8, 2022)
  • Fourthstone LLC Filed SC 13G/A on BLUE RIDGE BANKSHARES, INC., latest Nov 14, 2024 (4 filings since Feb 14, 2022)
  • BlackRock Filed SC 13G/A on BLUE RIDGE BANKSHARES, INC., latest May 8, 2024 (5 filings since Feb 4, 2022)
  • Castle Creek Capital Partners VIII, LP Filed SC 13D on BLUE RIDGE BANKSHARES, INC., latest Apr 10, 2024
  • BANC FUNDS CO LLC Filed SC 13G/A on BLUE RIDGE BANKSHARES, INC., latest Feb 12, 2024 (2 filings since Feb 10, 2023)
  • BLUE RIDGE BANKSHARES, INC. Richmond, Virginia

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BLUE RIDGE BANKSHARES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$30.5M9 Dec 31, 2025$30.3M9 Dec 31, 2024+0.5%
Accumulated depreciation$8.9M9 Dec 31, 2025$8.9M9 Dec 31, 2024−0.1%
Property and equipment, net$21.5M9 Dec 31, 2025$21.4M9 Dec 31, 2024+0.7%
Operating-lease assets (leased space)$6.6M9 Dec 31, 2025$8.0M9 Dec 31, 2024−16.6%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$332.9M9 Dec 31, 2025$312.0M9 Dec 31, 2024+6.7%
Stakes in other companies (equity method)$4.9M9 Dec 31, 2025$4.8M9 Dec 31, 2024+2.1%
Deposits held (banks)$1.9B9 Dec 31, 2025$2.2B9 Dec 31, 2024−12.3%

Properties, in its own words

The Company, through its subsidiaries, owns or leases buildings and office space that are used in the normal course of business. The headquarters of the Company is located at 1801 Bayberry Court, Suite 101, Richmond, Virginia 23226 in a building leased by the Bank. The main office of the Bank is located at 1 East Market Street, Martinsville, Virginia 24112 in a building leased by the Bank. The Company's subsidiaries own or lease various other offices in the counties and cities in which they operate. As of December 31, 2025, the Company's employees occupied an additional 30 properties, of which 19 were owned by the Company. Additional information with respect to the amounts at which Company premises and equipment are carried and commitments under long-term leases is set forth in Part II, Item 8 - "Financial Statements and Supplementary Data", Note 5 - "Premises and Equipment, net," and Note 10 - "Leases", respectively, in this Form 10-K.

The Company’s properties are maintained in good operating condition and the Company believes the properties are suitable and adequate for its operational needs.

Item 2 of the 10-K filed Mar 12, 2026.3

Leadership

Who has led BLUE RIDGE BANKSHARES, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brian K. Plum2019–2023
  2. G. William Beale2023–2026
  3. Harry W. Golliday2026–now

President

  1. Brian K. Plum2019–2023
  2. G. William Beale2024–2026
  3. Harry W. Golliday2026–now

Chief financial officer

  1. Amanda G. Story2019–2021
  2. Judy Carol Gavant2022–now

Chief operating officer

  1. Gary Ross Shook2019
20202025
Board members and other officers (37)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorOtis S. Jones named Apr 16, 202451

Timeline

  1. Aug 17, 20268-K Entered a material agreement; Regulation FD disclosure52
  2. Aug 10, 20268-K Results of operations53
  3. Jul 28, 20268-K Results of operations54
  4. Jun 18, 20268-K Shareholder vote55
  5. Jun 18, 20268-K Executive or director change56
  6. May 28, 20268-K Executive or director change57
  7. Apr 23, 20268-K Results of operations58
  8. Apr 20, 20268-K Executive or director change59
  9. Mar 30, 20268-K Other events60
  10. Mar 24, 20268-K Executive or director change61
  11. Mar 16, 2026New chief executive Harry W. Golliday becomes CEO11
  12. Mar 12, 20268-K Executive or director change; Regulation FD disclosure62
  13. Jan 29, 20268-K Results of operations63
  14. May 23, 2023New chief executive G. William Beale becomes CEO12
  15. Dec 18, 2019New chief executive Brian K. Plum becomes CEO13

Calendar

Coming up

  1. Oct 28, 2026Reports results for the quarter ending Sep/202664

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results53
  2. Jul 28, 2026Reported quarterly or annual results54
  3. Apr 23, 2026Reported quarterly or annual results58
  4. Jan 29, 2026Reported quarterly or annual results63
  5. Oct 22, 2025Reported quarterly or annual results65
  6. Jul 23, 2025Reported quarterly or annual results66
  7. Apr 24, 2025Reported quarterly or annual results67
  8. Jan 30, 2025Reported quarterly or annual results68

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

351 filings to the SEC since October 2021: 7 annual reports, 17 quarterly reports, 82 major events, 170 insider forms, 29 large holders, 1 private raises, 45 other. The latest 20:

  1. Aug 17, 2026DEFA14A EDGAR
  2. Aug 17, 20268-K EDGAR
  3. Aug 10, 202610-Q EDGAR
  4. Aug 10, 20268-K/A EDGAR
  5. Jul 28, 20268-K EDGAR
  6. Jul 7, 20264 EDGAR
  7. Jul 7, 20264 EDGAR
  8. Jul 7, 20264 EDGAR
  9. Jul 7, 20264 EDGAR
  10. Jul 7, 20264 EDGAR
  11. Jul 7, 20264 EDGAR
  12. Jul 7, 20264 EDGAR
  13. Jun 18, 20268-K/A EDGAR
  14. Jun 18, 20268-K EDGAR
  15. May 28, 20268-K EDGAR
  16. May 15, 2026SCHEDULE 13G/A EDGAR
  17. May 5, 202610-Q EDGAR
  18. Apr 30, 2026DEFA14A EDGAR
  19. Apr 30, 2026DEF 14A EDGAR
  20. Apr 23, 20268-K EDGAR

The 351 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

47 open-market trades by officers, directors and large owners since October 2021: 44 buys and 3 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 10, 2025Raynor BrettChief Accounting OfficerSale2,000$3.34$6.7KForm 4
Mar 4, 2025Woodruff Carolyn J.DirectorSale8,924$3.75$33.5KForm 4
Feb 20, 2025Woodruff Carolyn J.DirectorSale2,549$3.75$9.6KForm 4
May 25, 2023BEALE G WILLIAMPresident & CEOBuy3,000$9.00$27.0KForm 4
May 23, 2023BEALE G WILLIAMPresident & CEOBuy3,000$8.98$26.9KForm 4
May 16, 2023Spilman Vance HDirectorBuy1,000$7.87$7.9KForm 4
May 15, 2023BEALE G WILLIAMPresident & CEOBuy2,000$7.97$15.9KForm 4
May 15, 2023Holzwarth Andrew C.DirectorBuy1,200$7.90$9.5KForm 4
May 12, 2023Holzwarth Andrew C.DirectorBuy1,838$7.79$14.3KForm 4
May 11, 2023Woodruff Carolyn J.DirectorBuy2,000$8.20$16.4KForm 4
May 11, 2023Holzwarth Andrew C.DirectorBuy3,597$7.79$28.0KForm 4
May 10, 2023BEALE G WILLIAMPresident & CEOBuy2,000$8.12$16.2KForm 4
May 10, 2023Holzwarth Andrew C.DirectorBuy6,025$7.79$46.9KForm 4
May 10, 2023Farmar Richard A IIIDirectorBuy6,500$7.74$50.3KForm 4
May 10, 2023Bost Hunter H.DirectorBuy2,600$7.86$20.4KForm 4
May 10, 2023Stokes William W.DirectorBuy1,500$7.73$11.6KForm 4
May 10, 2023Reynolds Randolph N JrDirectorBuy3,850$7.73$29.8KForm 4
May 10, 2023Dees LarryDirectorBuy1,000$8.35$8.3KForm 4
May 10, 2023Dean Mensel DDirectorBuy6,000$7.90$47.4KForm 4
May 10, 2023Stokes William W.DirectorBuy1,500$7.73$11.6KForm 4

All 47 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025G. William Beale$721.9K$4.4M79
2025M. Dean Brown$376.7K$2.2M79
2025Judy C. Gavant$397.1K$2.1M79
2024President andChief Executive Officer$697.5K$1.4M79
2024Executive Vice Presidentand Chief Financial Officer$385.6K$685.6K79
2024Chief Operations andTechnology Officer$365.7K$653.0K79

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$150.0M 2024–2024
Money received by yearMoney received by year, 2024–2024: $150.0M in all. Private raises (Form D) $150.0M.$0$50M$100M$150M2024 · Private raises (Form D): $150.0M2024
Figures by year
YearPrivate raises (Form D)Total
2024$150.0M$150.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Apr 3, 2024Raised $150 million in a private offering of equity51 Form D: $163.9 million offered in all Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Wellington Management Group Llp6,296,410$22.2M0.0%−136,151
BlackRock, Inc.4,260,106$15.0M0.0%+465,127
Algebris (uk) Ltd2,553,967$9.0M0.6%+18,862
Vanguard Capital Management LLC2,428,754$8.6M0.0%−200,822
Banc Funds Co LLC1,889,033$6.7M1.1%No change
Geode Capital Management, LLC1,341,091$4.7M0.0%+69,150
Dimensional Fund Advisors LP1,133,307$4.0M0.0%+207,766
State Street Corp1,090,269$3.8M0.0%−4,700
Graham Capital Wealth Management, LLC1,025,916$3.6M2.8%+8,984
Alliancebernstein L.P.812,162$3.4M0.0%−69,334
Two Sigma Investments, LP911,783$3.2M0.0%+224,320
Elizabeth Park Capital Advisors, Ltd.803,446$2.8M2.0%No change
Northern Trust Corp544,961$1.9M0.0%+8,210
Jacobs Asset Management, LLC501,105$1.8M1.3%+301,227
EJF Capital LP473,353$1.7M1.1%−50,950
Renaissance Technologies LLC466,653$1.6M0.0%−73,800
Vanguard Portfolio Management LLC441,021$1.6M0.0%+51,454
Morgan Stanley388,388$1.4M0.0%+132,504
Marshall Wace, Llp342,939$1.2M0.0%+325,357
Vanguard Fiduciary Trust Co333,090$1.2M0.0%+18,280
Victory Capital Management Inc330,000$1.2M0.0%+68,000
Citadel Advisors LLC314,432$1.1M0.0%+270,807
Kennedy Capital Management LLC220,439$778.1K0.0%−9,051
Gendell Jeffrey L214,608$757.6K0.0%No change
Oppenheimer & Close, LLC200,460$707.6K0.4%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How BLUE RIDGE BANKSHARES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBLUE RIDGE BANKSHARES, INC.1
  • CIK0000842717
  • Employer ID (EIN)54-18381003
  • Filer statusAccelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inVirginia3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address1801 Bayberry Court, Suite 101, Richmond, VA 232261
  • Phone888-331-65211
  • Shares outstanding89,688,853 as of Jul 31, 20268
  • Public float$196.9M as of Jun 30, 20253
  • AuditorElliott Davis, PLLC, Raleigh, North Carolina PCAOB ID 149; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceJan 12, 20151
  • Filings601 in all: 4 (245), 8-K (123), 3 (42), 10-Q (21), 425 (17), DEFA14A (16), SC 13G/A (15), 4/A (12)1
    All 42 form types

    DEF 14A (9), SC 13G (9), CORRESP (8), UPLOAD (8), 10-K (7), 3/A (6), D (5), EFFECT (5), PRE 14A (5), 8-K/A (4), SCHEDULE 13G/A (4), 10-K/A (3), 10-Q/A (3), 424B3 (3), S-3 (3), S-4/A (3), S-8 (3), SCHEDULE 13G (3), 1-A/A (2), S-4 (2), SC 13D (2), 1-A (1), 1-Z (1), 8-A12B (1), CERT (1), D/A (1), FWP (1), NT 10-K (1), NT 10-Q (1), QUALIF (1), S-3/A (1), S-8 POS (1), SC 13D/A (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 12, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 30, 2026
    Latest 8-K (8-K) Aug 17, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, no par valueBRBSNYSE

From the cover page of the 10-K filed Mar 12, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks BLUE RIDGE BANKSHARES, INC. names in Item 1A of its 10-K filed Mar 12, 2026: 43 risks under these headings, as written.3

  • The Company may not be able to successfully manage its growth, which may adversely affect its results of operations and financial condition.
  • The Company may not be able to generate acceptable levels of profitability in the future.
  • The Company’s success depends on its management team and the unexpected loss of any of these personnel could adversely affect operations.
  • The success of the Company’s strategy depends on its ability to identify and retain individuals with experience and relationships in its markets.
  • Interest Rate Risk
  • The Company’s business is subject to interest rate risk and variations in interest rates and inadequate management of interest rate risk may negatively affect financial performance.
  • Market Conditions
  • Changes in economic conditions, especially in the areas in which the Company conducts operations, could materially and negatively affect its business.
  • The Company may be adversely impacted by changes in market conditions.
  • The Company’s business and earnings are impacted by governmental, fiscal, and monetary policy over which it has no control.
  • The Company faces strong and growing competition from financial services companies and other companies that offer banking and other financial services, which could negatively affect the Company’s business.
  • Consumers may increasingly decide not to use banks to complete their financial transactions, which would have a material adverse impact on the Company’s financial condition and operations.
The other 33 risks
  • The Company’s common stock is thinly traded and a more liquid market for its common stock may not develop, which may limit the ability of shareholders to sell their shares and may increase price volatility.
  • The Company’s credit standards and its on-going credit assessment processes might not protect it from significant credit losses.
  • The Company's allowance for credit losses ("ACL") may be insufficient and any increases in the ACL may have a material adverse effect on the Company’s financial condition and results of operations.
  • Nonperforming assets take significant time to resolve and adversely affect the Company’s results of operations and financial condition.
  • The Company’s concentration in loans secured by real estate may increase its future credit losses, which would negatively affect the Company’s financial results.
  • The Company has a moderate concentration of credit exposure in commercial real estate and loans with this type of collateral are viewed as having a higher risk of default.
  • Shifts in workplace dynamics, including remote and hybrid work arrangements, and a potentially smaller federal government workforce, may weaken office property and housing demand, pressure valuations, and increase credit risk for the Company.
  • A portion of the Company’s loan portfolio consists of construction and land development loans, and a decline in real estate values and economic conditions would adversely affect the value of the collateral securing the loans and could have an adverse effect on the Company’s financial condition.
  • The Company’s focus on lending to small to mid-sized community-based businesses may increase its credit risk.
  • The Company’s results of operations are significantly affected by the ability of borrowers to repay their loans.
  • Repricing risk in a higher interest rate environment may increase borrowing costs for commercial and industrial loans as well as commercial real estate loans, potentially straining borrowers' ability to repay and leading to higher credit risk for the Company.
  • The Company depends on the accuracy and completeness of information about clients and counterparties, and the Company’s financial condition could be adversely affected if it relies on misleading or incorrect information.
  • The Company relies upon independent appraisers to determine the value of the real estate that secures a significant portion of its loans and the value of foreclosed properties carried on its books, and the values indicated by such appraisers may not be realizable if it is forced to foreclose upon such loans or liquidate such foreclosed properties.
  • The Company is exposed to risk of environmental liabilities with respect to properties to which it takes title.
  • Regulatory and Operational
  • The Company operates in a highly-regulated industry, and the laws and regulations that govern the Company’s operations, including changes in them or the Company’s failure to comply with them, and regulatory actions implementing such laws and regulations, may adversely affect the Company.
  • The Company’s operations may be adversely affected by cybersecurity risks.
  • The Company relies on other companies to provide key components of its business infrastructure.
  • The Company is subject to laws regarding the privacy, information security, and protection of personal information and any violation of these laws or another incident involving personal, confidential, or proprietary information of individuals could damage the Company’s reputation and otherwise adversely affect its business.
  • Changes in accounting standards could impact reported earnings.
  • Failure to maintain effective systems of internal and disclosure controls could have a material adverse effect on the Company’s results of operation and financial condition.
  • The soundness of other financial institutions could adversely affect the Company.
  • The Company is subject to a variety of operational risks, including reputational, legal, and compliance risk, and the risk of fraud or theft by employees, directors, or outsiders.
  • The Company’s ability to operate profitably may be dependent on its ability to integrate or introduce various technologies into its operations.
  • The development and use of artificial intelligence (“AI”) presents risks and challenges that may adversely impact our business.
  • Severe weather, natural disasters, acts of war or terrorism, geopolitical instability, public health issues, and other external events could significantly impact the Company's business.
  • Climate change and related legislative and regulatory initiatives may result in operational changes and expenditures that could significantly impact the Company’s business.
  • Reductions in the value of the Company’s deferred tax assets could adversely affect the Company’s results of operations.
  • Liquidity and Capital
  • The Company’s liquidity needs could adversely affect results of operations and financial condition.
  • Regulatory capital standards require the Company and the Bank to maintain certain capital levels, which could adversely affect the Company’s business, financial condition, and results of operations.
  • Future issuances of the Company’s securities, including upon the exercise of the warrants issued by the Company, could adversely affect the market price of the common stock and could be dilutive.
  • Sales of large amounts of the Company’s common stock, or the perception that sales could occur, may depress the Company’s stock price.
  • Kenneth L. Lehman and Castle Creek are substantial holders of the Company’s securities.
  • The Company and the Bank are subject to regulatory restrictions which limit their ability to pay dividends.

Legal proceedings

In the ordinary course of its operations, the Company is a party to various legal proceedings. As of the date of this report, there are no pending or threatened proceedings against the Company, other than as set forth below, that, if determined adversely, would have a material effect on the business, financial position, or results of operations of the Company.

On December 20, 2024, a former Deputy Bank Secrecy Act Officer and manager at the Bank filed suit against the Company and the Company’s and the Bank’s Chief Executive Officer, in the Circuit Court of the City of Richmond (Virginia) alleging that she was retaliated against and constructively discharged in violation of the Virginia Whistleblower Protection Act, Va. Code § 40.1-27.3, and Bowman v. State Bank of Keysville, 331 S.E.2d 797 (Va. 1985). On December 30, 2024, the Company removed the matter to the United States District Court for the Eastern District of Virginia, where it subsequently filed a motion to dismiss. On July 18, 2025, the court granted the Company’s motion to dismiss. The case caption in the district court is Porter v. Blue Ridge Bankshares, Inc. (No. 3:24-cv-909 (E.D. Va.)). On August 15, 2025, the plaintiff appealed the dismissal of her claims to the U.S. Court of Appeals for the Fourth Circuit, Case No. 25-1970, asserting various violations of law. The Company believes the plaintiff’s claims are without merit and will continue to defend itself vigorously in the matter.

The opening of Item 3, Legal Proceedings.3

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
  61. 61
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