Blue Ridge Bankshares, Inc. Announces Termination of Consent Order

Rhea-AI Summary

Blue Ridge Bankshares (NYSE American: BRBS) announced that the Office of the Comptroller of the Currency has terminated the Consent Order dated January 24, 2024.

The company said the Bank was released from the Consent Order in less than 23 months, and management said the termination increases the Bank's ability and flexibility to grow, attract new loans and deposits, and focus on community banking and customer experience.

Positive

• Consent Order dated January 24, 2024 terminated by OCC
• Bank released from Consent Order in less than 23 months

Negative

• None.

News Market Reaction

+1.17%

1 alert

+1.17% News Effect

On the day this news was published, BRBS gained 1.17%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

RICHMOND, Va., Nov. 13, 2025 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (the "Company") (NYSE American: BRBS), the holding company of Blue Ridge Bank, National Association ("Blue Ridge Bank" or the "Bank") and BRB Financial Group, Inc., today announced that the Bank received notification from its primary regulator, the Office of the Comptroller of the Currency, terminating the Consent Order dated January 24, 2024.

President and Chief Executive Officer, G. William ("Billy") Beale, stated, "Being released from the regulatory Consent Order in less than 23 months is a testament to the hard work and the expertise of our team. My thanks to those who led the effort.

"Months ago, we turned our attention to community banking with a focus on improving our customer experience while attracting new loans and deposits. Release from the Consent Order increases our ability and flexibility to grow and expand in our key markets."

About Blue Ridge Bankshares, Inc.:

Blue Ridge Bankshares, Inc. is the holding company for Blue Ridge Bank and BRB Financial Group, Inc. The Company, through its subsidiaries and affiliates, provides a wide range of financial services including retail and commercial banking. The Company also provides investment and wealth management services and management services for personal and corporate trusts, including estate planning and trust administration. Visit www.mybrb.com for more information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/blue-ridge-bankshares-inc-announces-termination-of-consent-order-302615056.html

SOURCE Blue Ridge Bankshares, Inc.

FAQ

What did Blue Ridge Bankshares (BRBS) announce on November 13, 2025?

The company announced the Office of the Comptroller of the Currency terminated the Consent Order dated January 24, 2024.

How long was Blue Ridge Bank under the Consent Order before termination for BRBS?

Management said the Bank was released from the Consent Order in less than 23 months.

What does the Consent Order termination mean for BRBS's business operations?

The company said termination increases its ability and flexibility to grow, attract new loans and deposits, and focus on community banking.

Which regulator terminated the Consent Order for Blue Ridge Bank (BRBS)?

The Office of the Comptroller of the Currency (OCC) issued the termination notice.

Where can investors find more information about Blue Ridge Bankshares (BRBS)?

Investors can visit the company website at www.mybrb.com for additional information.