BLUE RIDGE BANKSHARES Business Summary

Blue Ridge Bankshares, Inc. (NYSE American: BRBS) is a Virginia-based financial holding company that generates revenue primarily through net interest income from a diversified loan portfolio—including commercial real estate, residential mortgages, and small business lending—and non-interest income from wealth management and mortgage banking. The company operates through three core segments: Commercial Banking, Mortgage Banking, and Wealth Management, following a strategic pivot in 2025 to exit its fintech Banking-as-a-Service (BaaS) business and focus on traditional community banking. Its primary competitors include Atlantic Union Bankshares, TowneBank, and Primis Financial Corp. Within this competitive set, Blue Ridge distinguishes itself as a recapitalized turnaround institution that successfully remediated regulatory hurdles, culminating in the early 2026 termination of its OCC consent order, a return to GAAP profitability, and the reinstatement of shareholder dividends and share buyback programs. The leadership team is spearheaded by CEO G. William "Billy" Beale, a veteran banker who previously scaled Atlantic Union Bank into a regional powerhouse, and President and CFO Judy C. Gavant, who possesses over 40 years of expertise in financial management and M&A. The bank’s recovery was significantly driven by lead investor and board member Kenneth R. Lehman, whose $150 million capital infusion in 2024 provided the necessary liquidity for its strategic pivot and balance sheet de-risking. Key operational roles are held by Dean Brown (Chief Operations and Technology Officer) and Grace Vallacchi (Chief Risk Officer), both of whom were instrumental in the bank's recent compliance and technology overhauls. While the institution traces its origins to an 1893 charter, the current executive core represents a specialized turnaround team focused on disciplined growth and restoring shareholder value in the Mid-Atlantic market.