Announced
Completed
Financials
Tags
Acquisition
Domestic
bank holding company
Public
Banks
United States
Friendly
Merger
Majority
Single Bidder
Completed
Synopsis
Blue Ridge Bankshares, the parent holding company of Blue Ridge Bank, completed the merger with Bay Banks, the parent holding company of Virginia Commonwealth Bank, in a $100m deal. "We have great respect for Brian, and the company Blue Ridge has built. Blue Ridge has achieved record revenue for the first half of 2020 driven by strong mortgage-related income. This is a great combination of two companies with rich Virginia histories dating back over 200 years combined," Randy Greene, Bay Banks CEO.
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