Blue Ridge Bankshare (BRBS) 18.2500 $BRBS
Blue Ridge Bankshares, Inc. Releases 2016 2nd Quarter Results
PR Newswire - Fri Jul 29, 10:21AM CDT
Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), parent company of Blue Ridge Bank, announced today its unaudited financial results for the second quarter ended June 30, 2016. The Company reported net income of $836,000 for the first six months of 2016, or $0.60 per common share, compared to 2015 net income of $1,129,000, or $0.83 per common share, for the same period. The decline in net income and earnings per common share was an expected result directly related to the subordinated debt issuance late last year and the additional interest expense incurred as a result of that debt, as well as one-time merger expenses associated with the upcoming acquisition of River Bancorp, Inc. For the six months ended June 30, 2016, merger related expenses totaled approximately $440,000. The Company was pleased to declare a dividend of $0.1175 during the second quarter of 2016, which is an increase of 2.2% compared to the 2015 second quarter dividend of $0.1150. The dividend yield is 2.50% based on the July 28, 2016 share price.
Blue Ridge Bankshares, Inc. To Acquire River Bancorp, Inc.
PR Newswire - Thu Mar 31, 7:30AM CDT
Blue Ridge Bankshares, Inc. (OTC: BRBS) ("Blue Ridge"
, the parent holding company of Blue Ridge Bank, and River Bancorp, Inc. ("River", the parent holding company of River Community Bank, NA, today jointly announced the signing of a definitive merger agreement pursuant to which Blue Ridge will acquire River in a 70% stock, 30% cash, transaction valued at approximately $12.4 million, based on the 30-day volume weighted average price of Blue Ridge common stock.
Blue Ridge Bankshares, Inc. Records Another Record Year
PR Newswire - Fri Jan 29, 12:56PM CST
Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), parent company of Blue Ridge Bank, announced today its unaudited financial results for the fourth quarter and year ended December 31, 2015. The Company reported net income of $2.5 million for 2015, or $1.79 per common share, compared to 2014 net income of $2.0 million, or $2.11 per common share, for the same period. In addition, the Company was pleased to declare a dividend of $0.115 during the fourth quarter of 2015, which is an increase of 4.5% compared to the 2014 fourth quarter dividend of $0.11. The dividend yield is 2.70% based on the January 28, 2016 share price.
Blue Ridge Bank names market president for Harrisonburg
M2 - Mon Dec 07, 5:41AM CST
Blue Ridge Bank (BRB) said it has named Jonathan Comer as market president of the Harrisonburg, Virginia market where he is expected to lead all business development efforts in Harrisonburg and the surrounding area, as the bank continues to expand both lending and deposit relationships. Comer joined BRB in 2007 and has spent the last eight years as a commercial banker managing loan relationships across diverse industry segments. He has cultivated a premier commercial banking network which will be further expanded by his new role. Comer's attentiveness to his clients is well regarded. Blue Ridge Bank is a subsidiary of Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), a single-bank holding company headquartered in Luray, VA.
Blue Ridge Bankshares completes private placement of subordinated notes
M2 - Thu Dec 03, 6:44AM CST
Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), parent company of Blue Ridge Bank, said it has completed a private placement of USD10.0 million in aggregate principal of fixed-to-floating rate subordinated notes to certain institutional accredited investors. Unless earlier redeemed, the notes will mature on December 1, 2025 and bear an interest at a fixed rate of 6.75 percent for the first five years, and thereafter will bear a floating interest rate. The company said it plans to use the net proceeds from the sale of the subordinated notes to redeem the 4,500 shares outstanding of its senior non-cumulative perpetual preferred stock, Series A that were originally issued to the United States Department of the Treasury under the Small Business Lending Fund (subject to regulatory approval), to support growth, and for general corporate purposes. The subordinated notes have been structured to qualify as Tier 2 capital for regulatory purposes. Sandler O'Neill + Partners, L.P. served as the sole placement agent for the private offering and was advised by Covington & Burling LLP and LeClairRyan, A Professional Corporation served as legal counsel for the company. Blue Ridge Bankshares, Inc. is a single-bank holding company headquartered in Luray, VA. Chartered in 1893 as the Page Valley Bank of Virginia, Blue Ridge Bank is a locally owned, independent community bank.
Blue Ridge Bankshares, Inc. Maintains 2015 Momentum with Q3 Earnings
PR Newswire - Tue Oct 20, 10:24AM CDT
Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), parent company of Blue Ridge Bank, announced today its unaudited financial results for the third quarter ended September 30, 2015. The Company reported net income of $1,880,318 for the first nine months of 2015, or $1.36 per common share, compared to 2014 net income of $1,558,965, or $1.63 per common share, for the same period. In addition, the Company was pleased to declare a dividend of $0.115 during the third quarter of 2015, which is an increase of 4.5% compared to the 2014 third quarter dividend of $0.11. The dividend yield is 3.12% based on the October 19, 2015 share price.
Blue Ridge Bankshares, Inc. Releases 2015 Q1 Results
PR Newswire - Wed Apr 29, 1:12PM CDT
Blue Ridge Bankshares, Inc. (OTCQB: BRBS), parent company of Blue Ridge Bank, announced today its unaudited financial results for the first quarter ended March 31, 2015. The Company reported net income of $554,780 for the first three months of 2015, or $0.43 per common share, compared to 2014 net income of $511,508, or $0.54 per common share, for the same period. The decrease in earnings per common share of 20.4% is largely due to the Company's recently completed capital raise in which an additional 466,972 shares were issued. In addition, the Company was pleased to declare a dividend of $0.115 during the first quarter of 2015, which is an increase of 4.5% compared to the 2014 first quarter dividend of $0.11. The dividend yield is 2.75% based on the April 28, 2015 share price.
Blue Ridge Bankshares, Inc. Completes Capital Raise
PR Newswire - Fri Jan 02, 9:00AM CST
Blue Ridge Bankshares, Inc. (OTCQB: BRBS) (the "Company", parent company of Blue Ridge Bank, announced this week the sale of approximately $4.6 million of its common stock in a private placement. Approximately 330,000 shares were sold at a price of $14.00 per share. The Company expects to conduct an additional closing for another $1.8 million in common stock pending regulatory approvals. Once completed, the net proceeds for the Company are expected to be approximately $6.0 million.
Blue Ridge Bankshares Names New CEO
PR Newswire - Fri Dec 19, 2:00PM CST
The Board of Directors of Blue Ridge Bankshares, Inc. (OTCQB: BRBS) and its wholly-owned bank subsidiary Blue Ridge Bank announced this week the appointment of Brian K. Plum as President and Chief Executive Officer in conjunction with the retirement of Monte L. Layman. Plum also joins the Board of Directors of both companies.
Blue Ridge Bankshares, Inc. Releases 2016 2nd Quarter Results
PR Newswire - Fri Jul 29, 10:21AM CDT
Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), parent company of Blue Ridge Bank, announced today its unaudited financial results for the second quarter ended June 30, 2016. The Company reported net income of $836,000 for the first six months of 2016, or $0.60 per common share, compared to 2015 net income of $1,129,000, or $0.83 per common share, for the same period. The decline in net income and earnings per common share was an expected result directly related to the subordinated debt issuance late last year and the additional interest expense incurred as a result of that debt, as well as one-time merger expenses associated with the upcoming acquisition of River Bancorp, Inc. For the six months ended June 30, 2016, merger related expenses totaled approximately $440,000. The Company was pleased to declare a dividend of $0.1175 during the second quarter of 2016, which is an increase of 2.2% compared to the 2015 second quarter dividend of $0.1150. The dividend yield is 2.50% based on the July 28, 2016 share price.
Blue Ridge Bankshares, Inc. To Acquire River Bancorp, Inc.
PR Newswire - Thu Mar 31, 7:30AM CDT
Blue Ridge Bankshares, Inc. (OTC: BRBS) ("Blue Ridge"
, the parent holding company of Blue Ridge Bank, and River Bancorp, Inc. ("River", the parent holding company of River Community Bank, NA, today jointly announced the signing of a definitive merger agreement pursuant to which Blue Ridge will acquire River in a 70% stock, 30% cash, transaction valued at approximately $12.4 million, based on the 30-day volume weighted average price of Blue Ridge common stock. Blue Ridge Bankshares, Inc. Records Another Record Year
PR Newswire - Fri Jan 29, 12:56PM CST
Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), parent company of Blue Ridge Bank, announced today its unaudited financial results for the fourth quarter and year ended December 31, 2015. The Company reported net income of $2.5 million for 2015, or $1.79 per common share, compared to 2014 net income of $2.0 million, or $2.11 per common share, for the same period. In addition, the Company was pleased to declare a dividend of $0.115 during the fourth quarter of 2015, which is an increase of 4.5% compared to the 2014 fourth quarter dividend of $0.11. The dividend yield is 2.70% based on the January 28, 2016 share price.
Blue Ridge Bank names market president for Harrisonburg
M2 - Mon Dec 07, 5:41AM CST
Blue Ridge Bank (BRB) said it has named Jonathan Comer as market president of the Harrisonburg, Virginia market where he is expected to lead all business development efforts in Harrisonburg and the surrounding area, as the bank continues to expand both lending and deposit relationships. Comer joined BRB in 2007 and has spent the last eight years as a commercial banker managing loan relationships across diverse industry segments. He has cultivated a premier commercial banking network which will be further expanded by his new role. Comer's attentiveness to his clients is well regarded. Blue Ridge Bank is a subsidiary of Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), a single-bank holding company headquartered in Luray, VA.
Blue Ridge Bankshares completes private placement of subordinated notes
M2 - Thu Dec 03, 6:44AM CST
Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), parent company of Blue Ridge Bank, said it has completed a private placement of USD10.0 million in aggregate principal of fixed-to-floating rate subordinated notes to certain institutional accredited investors. Unless earlier redeemed, the notes will mature on December 1, 2025 and bear an interest at a fixed rate of 6.75 percent for the first five years, and thereafter will bear a floating interest rate. The company said it plans to use the net proceeds from the sale of the subordinated notes to redeem the 4,500 shares outstanding of its senior non-cumulative perpetual preferred stock, Series A that were originally issued to the United States Department of the Treasury under the Small Business Lending Fund (subject to regulatory approval), to support growth, and for general corporate purposes. The subordinated notes have been structured to qualify as Tier 2 capital for regulatory purposes. Sandler O'Neill + Partners, L.P. served as the sole placement agent for the private offering and was advised by Covington & Burling LLP and LeClairRyan, A Professional Corporation served as legal counsel for the company. Blue Ridge Bankshares, Inc. is a single-bank holding company headquartered in Luray, VA. Chartered in 1893 as the Page Valley Bank of Virginia, Blue Ridge Bank is a locally owned, independent community bank.
Blue Ridge Bankshares, Inc. Maintains 2015 Momentum with Q3 Earnings
PR Newswire - Tue Oct 20, 10:24AM CDT
Blue Ridge Bankshares, Inc. (OTC Pink: BRBS), parent company of Blue Ridge Bank, announced today its unaudited financial results for the third quarter ended September 30, 2015. The Company reported net income of $1,880,318 for the first nine months of 2015, or $1.36 per common share, compared to 2014 net income of $1,558,965, or $1.63 per common share, for the same period. In addition, the Company was pleased to declare a dividend of $0.115 during the third quarter of 2015, which is an increase of 4.5% compared to the 2014 third quarter dividend of $0.11. The dividend yield is 3.12% based on the October 19, 2015 share price.
Blue Ridge Bankshares, Inc. Releases 2015 Q1 Results
PR Newswire - Wed Apr 29, 1:12PM CDT
Blue Ridge Bankshares, Inc. (OTCQB: BRBS), parent company of Blue Ridge Bank, announced today its unaudited financial results for the first quarter ended March 31, 2015. The Company reported net income of $554,780 for the first three months of 2015, or $0.43 per common share, compared to 2014 net income of $511,508, or $0.54 per common share, for the same period. The decrease in earnings per common share of 20.4% is largely due to the Company's recently completed capital raise in which an additional 466,972 shares were issued. In addition, the Company was pleased to declare a dividend of $0.115 during the first quarter of 2015, which is an increase of 4.5% compared to the 2014 first quarter dividend of $0.11. The dividend yield is 2.75% based on the April 28, 2015 share price.
Blue Ridge Bankshares, Inc. Completes Capital Raise
PR Newswire - Fri Jan 02, 9:00AM CST
Blue Ridge Bankshares, Inc. (OTCQB: BRBS) (the "Company"
, parent company of Blue Ridge Bank, announced this week the sale of approximately $4.6 million of its common stock in a private placement. Approximately 330,000 shares were sold at a price of $14.00 per share. The Company expects to conduct an additional closing for another $1.8 million in common stock pending regulatory approvals. Once completed, the net proceeds for the Company are expected to be approximately $6.0 million. Blue Ridge Bankshares Names New CEO
PR Newswire - Fri Dec 19, 2:00PM CST
The Board of Directors of Blue Ridge Bankshares, Inc. (OTCQB: BRBS) and its wholly-owned bank subsidiary Blue Ridge Bank announced this week the appointment of Brian K. Plum as President and Chief Executive Officer in conjunction with the retirement of Monte L. Layman. Plum also joins the Board of Directors of both companies.
