Blue Ridge Bankshares (BRBS) has provided an update.
Blue Ridge Bankshares, Inc. and its subsidiary Blue Ridge Bank are experiencing a shift in their leadership as five directors, including Richard A. Farmar III, Andrew C. Holzwarth, Robert S. Janney, Mensel D. Dean Jr., and Larry Dees, are set to retire by the 2024 annual meeting. The retirements are voluntary and due to the company’s mandatory age provision, with no disagreements prompting the departures. Additionally, the company’s shareholders have approved a tripling of authorized common stock shares, signaling a potential move for future growth or other corporate strategies.
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