M&A Deal Summary

Blue Ridge Bank Acquires Virginia Community Bankshares

On May 14, 2019, Blue Ridge Bank acquired financial services company Virginia Community Bankshares for 43M USD

Acquisition Highlights
  • This is Blue Ridge Bank’s 2nd transaction in the Financial Services sector.
  • This is Blue Ridge Bank’s largest (disclosed) transaction.
  • This is Blue Ridge Bank’s 2nd transaction in the United States.
  • This is Blue Ridge Bank’s 2nd transaction in Virginia.

M&A Deal Summary
Date 2019-05-14
Target Virginia Community Bankshares
Sector Financial Services
Buyer(s) Blue Ridge Bank
Deal Type Add-on Acquisition
Deal Value 43M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Hunton & Williams LLP (Legal)

Target

Virginia Community Bankshares

Louisa, Virginia, United States
website
Virginia Community Bankshares, Inc. provides a full suite of banking services through its offices in Louisa, Orange, Mineral, Culpeper, Troy, Fredericksburg and Gordonsville, Virginia.

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Buyer(S) 1

Buyer

Blue Ridge Bank

Charlottesville, Virginia, United States

website

Category Company
Founded 1893
Sector Financial Services
Employees496
Revenue 158M USD (2022)
DESCRIPTION

Blue Ridge Bank is a commercial bank that supports business efforts throughout Virginia and North Carolina. Its product line is uniquely tailored to meet your business'? needs and provides access to nationally recognized innovation, advanced technologies, and customized service. Blue Ridge Bank was incorporated in 1893 and is based in Charlottesville, Virginia.

DEAL STATS #
Overall 2 of 4
Sector (Financial Services) 2 of 4
Type (Add-on Acquisition) 1 of 1
State (Virginia) 2 of 4
Country (United States) 2 of 4
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 River Bancorp

Martinsville, Virginia, United States

River Bancorp, Inc. is the parent holding company of River Community Bank, N.A., which provides personal and business banking services through its banking offices in Martinsville, Stuart, Stanleytown, Drakes Branch, Virginia and a loan production office in Greensboro, North Carolina. River Community Bank also has mortgage production offices located in Cary, Raleigh, Greensboro, Eden, Kernersville, Wilmington and Whiteville North Carolina and Martinsville, Virginia.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-13 Bay Banks of Virginia

Richmond, Virginia, United States

Bay Banks of Virginia is the bank holding company for Virginia Commonwealth Bank (VCB) and VCB Financial Group headquartered in Richmond, Virginia. It serves businesses, professionals, and consumers with a wide variety of financial services, including retail and commercial banking, and mortgage banking.

Buy -
Mergr

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Company

Legal