Business
Blue Ridge Bankshares, Inc. Announces Share Repurchase Program
Blue Ridge Bankshares, Inc. (the "Company") announced today that its Board of Directors has adopted a share repurchase program (the "Repurchase Program"). Pursuant to the Repurchase Program, the Company may purchase up to $15 million of the Company's issued and outstanding shares of common stock ("Common Stock").
About this update from Blue Ridge Bankshares, Inc.
[{"type":"text","content":"RICHMOND, Va., Aug. 25, 2025 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (the "Company") announced today that its Board of Directors has adopted a share repurchase program (the "Repurchase Program"). Pursuant to the Repurchase Program, the Company may purchase up to $15 million of the Company's issued and outstanding shares of common stock ("Common Stock").","length":398,"tagName":"p"},{"type":"image","alt":"BRBS","displaySize":"","headline":null,"caption":"BRBS","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":102,"url":"https://media.zenfs.com/en/prnewswire.com/18fca3956f59fe9e05c9d59fa8a83b2b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dIT7HUyql7oS_jsP7MiYoA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE4MDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/18fca3956f59fe9e05c9d59fa8a83b2b","width":400,"height":102}},"href":"https://mma.prnewswire.com/media/440750/Blue_Ridge_Bankshares_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Repurchases may be made in open market purchases, block trades, or privately negotiated transactions, including upon the exercise of outstanding warrants to purchase Common Stock. Open market purchases will be conducted in accordance with the limitation of Rule 10b-18 of the Securities and Exchange Commission (the "SEC"). Repurchases may be made pursuant to any trading plan that may be adopted in accordance with SEC Rule 10b5-1, which would permit Common Stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. Under applicable law, repurchased shares will be cancelled and revert to the status of authorized but unissued shares.","length":699,"tagName":"p"},{"type":"text","content":"The Company cannot predict when or if it will repurchase any shares of Common Stock as the Repurchase Program will depend on a number of factors, including constraints specified in any SEC Rule 10b5-1 trading plans, price, and general business and market conditions. Information regarding share repurchases will be available in the Company's periodic reports on Form 10-Q and 10-K filed with the SEC as required by the applicable rules of the Securities Exchange Act of 1934, as amended.","length":496,"tagName":"p"},{"type":"text","content":"The Repurc...