Blue Ridge Bankshares Inc (VA)

ASE:BRBS   3:59:51 PM EDT
16.66
+0.17 (+1.03%)
Officer Changes, Mergers / Acquisitions

Fvcbankcorp Inc - Blue Ridge Bankshares, Inc. And Co Announce Combination

Published: 07/14/2021 20:45 GMT
Blue Ridge Bankshares Inc (VA) (BRBS) - Fvcbankcorp Inc - Blue Ridge Bankshares, Inc. and Co Announce Combination.
Fvcbankcorp Inc - Co, Blue Ridge Bankshares Will Combine in an All-stock Merger of Equals.
Fvcbankcorp Inc - Fvcb Shareholders Will Receive 1.1492 Shares of Blue Ridge Common Stock for Each Share of Fvcb Common Stock They Own.
Fvcbankcorp Inc - Fvcb Shareholders Will Own Approximately 47.5% of Combined Co.
Fvcbankcorp Inc - Transaction is Targeted to Deliver 16%+ EPS Accretion to Blue Ridge in 2022 and 2023, Respectively.
Fvcbankcorp Inc - Transaction is Targeted to Deliver 12%+ EPS Accretion to Fvcb in 2022 and 2023, Respectively.
Fvcbankcorp Inc - David W. Pijor, Chairman and Chief Executive Officer of Fvcb, Will Be Executive Chairman of Combined Company.
Fvcbankcorp Inc - Brian K. Plum, President and Chief Executive Officer of Blue Ridge, Will Continue in Role of Chief Executive Officer of Combined Co.
Fvcbankcorp Inc - Jennifer L. Deacon, Chief Financial Officer of Fvcb, Will Be Chief Financial Officer of Combined Company.
Fvcbankcorp Inc - Board of Combined Co Will Consist of 16 Directors, Eight Blue Ridge Board Members and Eight Fvcb Board Members.
Fvcbankcorp Inc - Board of Combined Co Will Consist of Independent Blue Ridge Director Serving As Lead Director.