Blue Ridge Bankshares, Inc. Announces Early Redemption of 6.75% Fixed to Floating Rate Subordinated Notes Due 2025
May 17, 2021 at 08:30 am EDT
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On May 10, 2021, Blue Ridge Bankshares, Inc. notified the holders of its 6.75% Fixed to Floating Rate Subordinated Notes due 2025 (the “2025 Notes”) that, on June 1, 2021, the Company will redeem all of the outstanding 2025 Notes in the aggregate principal amount of $10,000,000. The 2025 Notes will be redeemed pursuant to the terms of Section 4 of the 2025 Notes and in full satisfaction of the Company’s obligations thereunder, at an amount equal to 100% of the outstanding principal amount being redeemed plus accrued but unpaid interest, to but excluding June 1, 2021.
Blue Ridge Bankshares, Inc. is the holding company of Blue Ridge Bank, National Association (the Bank) and BRB Financial Group, Inc. (the Financial Group). The Company's segments include commercial banking, mortgage banking and holding company activities. The Bank serves businesses, professionals, consumers, nonprofits, and municipalities with a variety of financial services, including retail and commercial banking, mortgage banking, government guaranteed lending, and employee benefit plan services. Its banking products include checking accounts, savings accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, credit cards, online banking, telephone banking, and mobile banking. The Company, through the Financial Group, offers management services for personal and corporate trusts, including estate planning, estate settlement and trust administration, insurance products, and investment and wealth management.
BLUE RIDGE BANKSHARES, INC. 
