Blue Ridge Bankshares, Inc. Announces Plans to Exit its Mortgage Banking Division

RICHMOND, Va., March 19, 2025 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (the "Company") (NYSE American: BRBS), the holding company of Blue Ridge Bank, National Association ("Blue Ridge Bank") and BRB Financial Group, Inc., today announced that Blue Ridge Bank has entered into a definitive asset purchase and sale agreement to sell certain assets of its mortgage division operating as Monarch Mortgage to an unrelated third-party mortgage company. Monarch Mortgage provides mortgage banking services, including ...