VIRGINIA COMMUNITY BANKSHARES, INC.

Blue Ridge Bankshares, Inc. Completes Merger with Virginia Community Bankshares, Inc.

Retrieved on: 
Monday, December 16, 2019

LURAY, Va., Dec. 16, 2019 /PRNewswire/ -- Blue Ridge Bankshares, Inc. ("Blue Ridge") (OTC Pink: BRBS), headquartered in Luray, Va., announced today the completion of its merger with Central Virginia-based Virginia Community Bankshares, Inc. ("Virginia Community").

Key Points: 
  • LURAY, Va., Dec. 16, 2019 /PRNewswire/ -- Blue Ridge Bankshares, Inc. ("Blue Ridge") (OTC Pink: BRBS), headquartered in Luray, Va., announced today the completion of its merger with Central Virginia-based Virginia Community Bankshares, Inc. ("Virginia Community").
  • Following completion of the merger, Virginia Community Bank, the subsidiary bank of Virginia Community, was merged into Blue Ridge's subsidiary bank, Blue Ridge Bank, National Association.
  • The former Virginia Community Bank branches assumed in the merger will operate as Virginia Community Bank, a division of Blue Ridge Bank, National Association, until systems are converted at the end of January 2020.
  • Pierce Stone, Andrew C. Holzwarth, and Mark W. Sisk, former members of the Virginia Community board of directors, have been appointed to the boards of Blue Ridge and Blue Ridge Bank.

Blue Ridge Bankshares Inc. and Virginia Community Bankshares, Inc. Announce Regulatory Approvals for Proposed Merger

Retrieved on: 
Wednesday, October 23, 2019

Chartered in 1893 as the Page Valley Bank of Virginia, today Blue Ridge Bank, N.A.

Key Points: 
  • Chartered in 1893 as the Page Valley Bank of Virginia, today Blue Ridge Bank, N.A.
  • Celebrating 126 years as a locally owned, independent community bank, Blue Ridge Bank, N.A.
  • Blue Ridge, VCB and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Blue Ridge and VCB in connection with the proposed merger.
  • This release contains forward-looking statements regarding Blue Ridge, VCB and the proposed merger.

Blue Ridge Bankshares, Inc. To Acquire Virginia Community Bankshares, Inc.

Retrieved on: 
Tuesday, May 14, 2019

LURAY, Va. and LOUISA, Va., May 14, 2019 /PRNewswire/ --Blue Ridge Bankshares, Inc. (OTC: BRBS) ("Blue Ridge"), the parent holding company of Blue Ridge Bank, National Association, and Virginia Community Bankshares, Inc. (OTC:VCBS) ("VCB"), the parent holding company of Virginia Community Bank, today jointly announced the signing of a definitive merger agreement pursuant to which Blue Ridge will acquire VCB in a transaction valued at $59.23 per share or approximately $42.5 million in aggregate, based on the 10-day volume weighted average price of Blue Ridge common stock.

Key Points: 
  • LURAY, Va. and LOUISA, Va., May 14, 2019 /PRNewswire/ --Blue Ridge Bankshares, Inc. (OTC: BRBS) ("Blue Ridge"), the parent holding company of Blue Ridge Bank, National Association, and Virginia Community Bankshares, Inc. (OTC:VCBS) ("VCB"), the parent holding company of Virginia Community Bank, today jointly announced the signing of a definitive merger agreement pursuant to which Blue Ridge will acquire VCB in a transaction valued at $59.23 per share or approximately $42.5 million in aggregate, based on the 10-day volume weighted average price of Blue Ridge common stock.
  • Commenting on the announcement, Brian K. Plum, President and Chief Executive Officer of Blue Ridge, said, "We are incredibly excited to partner with the Virginia Community Bankshares leadership team to continue building one of the premier community banks in the region.
  • Blue Ridge's Board of Directors will appoint two VCB directors to join the Blue Ridge Board, as well as appoint A.
  • Blue Ridge Bankshares, Inc. is a single-bank holding company headquartered in Luray, VA. Chartered in 1893 as the Page Valley Bank of Virginia, today Blue Ridge Bank, N.A.