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CHARLOTTESVILLE, Va and RICHMOND, Va , Dec 28 2020 /PRNewswire/ -- Blue Ridge Bankshares, Inc (NYSE American: BRBS) ( Blue Ridge ), the parent holding company of Blue Ridge Bank, National Association, and Bay Banks of Virginia, Inc (OTC: BAYK) ( Bay

CHARLOTTESVILLE, Va and RICHMOND, Va , Dec 28 2020 /PRNewswire/ -- Blue Ridge Bankshares, Inc (NYSE American: BRBS) ( Blue Ridge ), the parent holding company of Blue Ridge Bank, National Association, and Bay Banks of Virginia, Inc (OTC: BAYK) ( Bay
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Blue Ridge Bankshares, Inc and Bay Banks of Virginia, Inc Announce Regulatory Approvals for Pending Merger

Share this article Share this article CHARLOTTESVILLE, Va. and RICHMOND, Va., Dec. 28. 2020 /PRNewswire/ Blue Ridge Bankshares, Inc. (NYSE American: BRBS) ( Blue Ridge ), the parent holding company of Blue Ridge Bank, National Association, and Bay Banks of Virginia, Inc. (OTC: BAYK) ( Bay Banks ), the parent holding company of Virginia Commonwealth Bank, today jointly announced that they have received all required bank regulatory approvals for the pending merger of Bay Banks into Blue Ridge. Blue Ridge and Bay Banks will convene meetings of their respective shareholders on January 21, 2021 to vote on the merger. The merger remains subject to approval by shareholders of Blue Ridge and Bay Banks and other customary closing conditions.

United statesMiddlesex countyRandalr greeneFinancial groupVirginia commonwealth bankNational associationFinancial group incBlue ridge bankshares incBlue ridge bankExchange commissionBayberry courtOffice of the comptrollerBay banks of virginia incBlue ridge banksharesBay banksBlue ridge

Trading Day: Local SEC filings for 12 17 20 - Richmond BizSense

Trading Day: Local SEC filings for 12.17.20 Bay Banks of Virginia (BAYK) The parent of Virginia Commonwealth Bank filed an amendment to its pending agreement to be acquired by Blue Ridge Bankshares of Charlottesville. The amendment states that, upon completion of the merger, the boards of directors of Blue Ridge and Blue Ridge Bank will be fixed at 15 directors, rather than the 13 that was initially agreed upon. Click here for a full explanation. Brink’s (BCO) The Board of Directors’s compensation and benefits committee approved a one-time restricted stock unit award to the company’s executives. President and CEO Douglas A. Pertz received $2 million. See here for more information.

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