Blue Ridge Bankshares, INC 8-K filings

Blue Ridge Bankshares has successfully converted all outstanding Series B Preferred Stock into common stock following shareholder approval and regulatory filings.

Blue Ridge Bankshares has announced the retirement of several directors and an increase in authorized common stock shares from 50 million to 150 million.

Blue Ridge Bankshares has appointed two new directors, Ciaran McMullan and Trevor Montano, to the Compliance and Enterprise Risk Committees, respectively, after receiving regulatory approvals.

Blue Ridge Bankshares, Inc. successfully closed a private placement, issuing common stock, preferred stock, and a warrant to shareholder Richard T. Spurzem for approximately $11.6 million.

Blue Ridge Bankshares, Inc. has entered into a securities purchase agreement for a private placement of approximately $11.6 million to support general corporate purposes and enhance capital levels.

Blue Ridge Bankshares announced a net loss of $2.9 million for the first quarter of 2024, an improvement from the previous quarter, and completed a $150 million private placement to support its transformation.

Blue Ridge Bankshares has finalized a $150 million private placement to bolster its capital and reposition its business lines, while also winding down its fintech banking-as-a-service operations.

Blue Ridge Bankshares has successfully closed a $150 million private placement of common and preferred stock, replacing a previous transaction that failed to meet closing conditions due to a shareholder vote tabulation error.

Blue Ridge Bankshares, Inc. successfully obtained shareholder approval for a capital raise and an increase in authorized shares at a special meeting held on March 6, 2024.

Blue Ridge Bankshares reported a net loss for the fourth quarter of 2023, but announced a $150 million private placement to strengthen its capital position and fund business transformation.

Blue Ridge Bank, National Association, has entered into a consent order with the Office of the Comptroller of the Currency (OCC) to address significant deficiencies in its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program and other operational areas.