.
MergerLinks Header Logo

New Deal


Announced

Blue Ridge Bankshares to merge with FVCBankcorp.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

United States

Banks

Single Bidder

Majority

Acquisition

banking

Domestic

Merger

Public

Failed

Synopsis

Edit

Blue Ridge Bankshares, the parent holding company of Blue Ridge Bank, to merge with FVCBankcorp, the parent company of FVCbank. FVCB shareholders will own approximately 47.5% and Blue Ridge shareholders will own approximately 52.5% of the combined company on a fully diluted basis. Financial terms were not disclosed. “This partnership creates a powerful and innovative financial services provider better able to serve its clients and communities of today and tomorrow. The team at FVCB has built and maintains a high quality banking franchise, and there is no better team with which to unite to capitalize on the opportunities presented by an evolving industry,” Brian K. Plum, Blue Ridge President and CEO. On January 20, 2022, Blue Ridge Bankshares and FVCBankcorp mutually agree to terminate the merger agreement.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US