Blue Ridge Bankshares to merge with FVCBankcorp.

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.