Blue Ridge Bankshares, Inc. Announces Board Changes
February 24, 2023 at 03:01 am IST
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On February 17, 2023, C. Frank Scott, III, a director of Blue Ridge Bankshares, Inc. and Blue Ridge Bank, National Association (the Bank"), a wholly-owned subsidiary of the Company, notified the Company and the Bank that he will not stand for re-election to the Board of Directors of the Company at its 2023 annual meeting of shareholders (the Annual Meeting"), and will retire from the Boards of Directors of the Company and the Bank effective as of the date of the Annual Meeting. Mr. Scott is retiring to spend more time with his family and to pursue other interests.
Blue Ridge Bankshares, Inc. is the holding company of Blue Ridge Bank, National Association (the Bank) and BRB Financial Group, Inc. (the Financial Group). The Company's segments include commercial banking, mortgage banking and holding company activities. The Bank serves businesses, professionals, consumers, nonprofits, and municipalities with a variety of financial services, including retail and commercial banking, mortgage banking, government guaranteed lending, and employee benefit plan services. Its banking products include checking accounts, savings accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, credit cards, online banking, telephone banking, and mobile banking. The Company, through the Financial Group, offers management services for personal and corporate trusts, including estate planning, estate settlement and trust administration, insurance products, and investment and wealth management.