Blue Ridge Bankshares, Inc. Common Stock
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About
Blue Ridge Bankshares, Inc. (BRBS) is a bank holding company based in Richmond, Virginia, operating primarily through its subsidiary, Blue Ridge Bank. Founded in 1893, it is best known for providing a range of commercial and consumer banking services across dozens of communities in Virginia and in Greensboro, North Carolina.
The company generates revenue through its two main segments: Commercial Banking and Mortgage Banking. Its core business involves taking deposits from customers via checking, savings, money market, and certificate of deposit accounts. It then lends these funds out, offering commercial and industrial loans, commercial real estate mortgages, residential mortgages, and various consumer loans such as home equity lines and auto loans.
Beyond basic lending and deposit services, the company provides additional financial products. These include treasury management and wire services for businesses, fraud prevention, and SBA loans. For individuals, it offers services like wealth management, trust administration, and insurance products. Its operations are conducted through a network of branches located in numerous towns and cities across its regional footprint, serving both individual and business customers.