Welcome to our dedicated page for Blue Ridge Bnksh SEC filings (Ticker: BRBS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Blue Ridge Bankshares, Inc. filings document the formal disclosures of a bank holding company for Blue Ridge Bank, National Association and BRB Financial Group, Inc. Recent Form 8-K reports furnish quarterly results, describe the termination of the OCC consent order affecting the bank subsidiary, and record capital actions involving special cash dividends, warrants and related securities terms.
The company’s proxy and current reports also cover annual meeting matters, board composition, executive transitions, compensation arrangements, equity awards, and shareholder voting items. These filings frame BRBS disclosures around community-banking operations, regulatory status, governance, capital structure, and banking, wealth management and trust-service activities.
Blue Ridge Bankshares, Inc. reported that its board has approved a new share repurchase program authorizing the company to buy back up to $15 million of its common stock. The company may repurchase shares through open market purchases, block trades, or privately negotiated transactions, and may also acquire shares in connection with the exercise of outstanding warrants.
Any open market repurchases will follow SEC Rule 10b-18, and the company may use Rule 10b5-1 trading plans so that repurchases can occur during periods when it might otherwise be restricted by insider trading rules. Shares repurchased under the program will be cancelled and become authorized but unissued shares.
The company emphasized that it cannot predict if or when repurchases will occur, and the program can be modified, suspended, or terminated at any time at the company’s discretion. Actual repurchase activity will depend on factors such as share price, market conditions, liquidity needs, and alternative investment opportunities, and details will be reported in future Forms 10-Q and 10-K.
AllianceBernstein L.P. reports beneficial ownership of 4,528,592 shares of Blue Ridge Bankshares, representing 5.0% of the outstanding common stock. The filing states these shares are held solely for investment purposes in discretionary client accounts, with AllianceBernstein claiming sole voting and dispositive power over the reported shares. The filing also notes AllianceBernstein is a majority-owned subsidiary of Equitable Holdings but operates under independent management and reports beneficial ownership separately from Equitable.
This disclosure is a passive ownership report under Schedule 13G/A and includes a certification that the securities were not acquired to influence control of the issuer.