Shareholders of Blue Ridge and Bay Banks of VA Approve Merger

At separate meetings last week, shareholders of both Blue Ridge Bankshares, the parent holding company of Blue Ridge Bank, and Bay Banks of Virginia, the parent holding company of Virginia Commonwealth Bank, approved the previously announced merger of Bay Banks into Blue Ridge.

Based on financial information as of Sept. 30, 2020, the combined company would have approximately $2.8 billion in assets, $1.9 billion in deposits and $2.1 billion in loans.

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Terry Mulreany
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