Troutman Pepper Advises Blue Ridge Bankshares in Merger Creating One of Virginia’s Largest Community Banks
RICHMOND, Va. – Troutman Pepper recently counseled Blue Ridge Bankshares, Inc. (NYSE American: BRBS), the parent holding company of Blue Ridge Bank, National Association, in its merger with Bay Banks of Virginia, Inc. (OTC: BAYK), the parent holding company of Virginia Commonwealth Bank. Read a company press release about the all-stock merger.
Blue Ridge provides commercial banking services to customers located primarily in the Piedmont, Southside, and Shenandoah Valley regions of the Commonwealth of Virginia and operates under the name Carolina State Bank in Greensboro, North Carolina. According to the company press release, the merger makes Blue Ridge the fourth largest community bank in Virginia based on market share information from June 30, 2020.
Partner Mark W. Jones led the Troutman Pepper team advising Blue Ridge in the transaction. The team included Lynda Crouse, Richard Gerakitis, Robert Friedman, Jeff Banish, Christopher Stock, Zayne Tweed, Constance Brewster and Andrew Henson.
Consistently recognized as a top-tier practice, Troutman Pepper’s Corporate Practice Group routinely handles multimillion- and multibillion-dollar transactions. The firm has particular expertise in the financial services industry and serves a wide range of clients including national, regional and community financial institutions, auto and other consumer lenders, mortgage lenders and servicers, commercial lenders, payment processors and financial technology companies, among other financial services providers and corporate borrowers.
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