Blue Ridge Bankshares(US:BRBS)2023-03-09 16:00Mergers and Acquisitions - The Company completed the merger with Bay Banks of Virginia, adding $1.22 billion in assets and $1.03 billion in deposits[6] - The acquisition of Virginia Community Bankshares, Inc. added approximately $242.5 million in assets and $219.2 million in liabilities[9] - The Company issued 6,627,558 shares of common stock during the Bay Banks Merger[6] - The Company made cash payments totaling $16.6 million to Virginia Community Bankshares shareholders during the acquisition[9] Financial Performance - The aggregate market value of voting stock held by non-affiliates was approximately $257.68 million as of June 30, 2022[19] - As of March 1, 2023, the Company had 18,946,466 shares of common stock outstanding[19] Environmental Initiatives - The Company has initiatives to achieve net-zero emissions by 2040, with intermediate targets set for 2030[17] - The Company joined the Net-Zero Banking Alliance, aiming for net-zero emissions by 2040 with intermediate targets by 2030[17] - The Company has installed electric vehicle charging stations at two branch locations as part of its environmental initiatives[17] - The Bank has installed electric vehicle charging stations at two branch locations and is exploring additional sites for accessibility[17] - The Company plans to eliminate single-use plastic items in its offices by the end of 2024, alongside enhancing internal recycling efforts[17] Banking Operations - As of December 31, 2022, the Bank operated twenty-seven full-service banking offices across Virginia and central North Carolina[5] - The Company ended 2022 with active partnerships with multiple fintech providers, enhancing customer reach and generating interest income[7] Consumer Services - The Company offers a range of consumer lending services, including automobile loans and home equity lines of credit[14]