Blue Ridge Bankshares(BRBS) - 2024 Q1 - Quarterly Results

Exhibit 99.1 Completed capital raise of $150 million private placement, which closed subsequent to the end of the quarter, to help fund business transformation Regulatory remediation efforts on track A Message From Blue Ridge Bankshares, Inc. President and CEO, G. William "Billy" Beale: • "We filled two leadership positions that are essential to bolstering our risk management and compliance functions. Grace Vallacchi joined us as Deputy Chief Risk Officer and Jerry Maloney joined as Chief Compliance Officer ...