Blue Ridge, which erred with fintechs, exits consent order [Yahoo! Finance]
Blue Ridge Bankshares, Inc. (BRBS)
NASDAQ:AMEX Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=1022636&print=1
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Source: Yahoo! Finance
Expert quote : "We just threw BaaS out the door," said CEO Billy Beale. Forward look : The bank is now focused on a traditional community bank strategy, Beale said. Blue Ridge Bankshares in Richmond, Virginia, which became a poster child for what can go wrong when banks partner with fintechs, has been released from a 2024 consent order related to its failed foray into banking-as-a-service. The termination comes just shy of 23 months after the Office of the Comptroller of the Currency issued the enforcement action against the $2.5 billion-asset community bank. The January 2024 consent order said Blue Ridge was in "troubled condition" following its venture into BaaS. It identified certain "deficiencies" in Blue Ridge's anti-money-laundering compliance program. And it ordered the bank to ramp up its risk-management controls, improve its capital ratios and provide better oversight of its relationships with fintechs. In the months since then, Blue Ridge has taken swift action to
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News
- HALPER SADEH LLC ENCOURAGES BLUE RIDGE BANKSHARES, INC. SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTSPR Newswire
- Blue Ridge Bankshares, Inc. Announces Special Cash DividendPR Newswire
- BRBS Investors Have the Opportunity to Join Investigation of Blue Ridge Bankshares, Inc. with the Schall Law FirmPR Newswire
- Halper Sadeh LLC Encourages Blue Ridge Bankshares, Inc. Shareholders to Contact the Firm to Discuss Their RightsBusiness Wire
- Blue Ridge Bankshares, Inc. Announces 2025 Third Quarter ResultsPR Newswire
BRBS
Sec Filings
- 11/5/25 - Form 8-K
- 11/4/25 - Form 10-Q
- 10/27/25 - Form 8-K
- BRBS's page on the SEC website