Blue Ridge Bankshares Inc (VA)

ASE:BRBS   3:59:51 PM EDT
17.00
-0.13 (-0.76%)
Other Pre-Announcement

Blue Ridge Bankshares Unit Sells $712.6 Mln Of Loans Originated By Bank

Published: 07/02/2021 22:34 GMT
Blue Ridge Bankshares Inc (VA) (BRBS) - Blue Ridge Bankshares - on June 28, Unit Sold About $712.6 Million of Loans Originated by Bank Pursuant to Small Business Administration's Ppp to the Loan Source Inc.blue Ridge Bankshares - Received Cash Proceeds of About $705.9 Million.
Blue Ridge Bankshares - Bank Used Portion of Proceeds of Sale to Pay Off About $431.1 Million Borrowings.
Blue Ridge Bankshares - Expects to Realize a Gain in the Second Quarter As a Result of the Sale.
Blue Ridge Bankshares - Bank Holds About $140.0 Million of Remaining Ppp Loans.
Further Company Coverage: Brbsa ((reuters.
Briefs@thomsonreuters.
Com;)).