M&A Deal Summary

Blue Ridge Bank Acquires FVCbank

On July 14, 2021, Blue Ridge Bank acquired financial services company FVCbank

Acquisition Highlights
  • This is Blue Ridge Bank’s 4th transaction in the Financial Services sector.
  • This is Blue Ridge Bank’s 4th transaction in the United States.
  • This is Blue Ridge Bank’s 4th transaction in Virginia.

M&A Deal Summary
Date 2021-07-14
Target FVCbank
Sector Financial Services
Buyer(s) Blue Ridge Bank
Deal Type Merger
Advisor(s) Piper Sandler & Co. (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

FVCbank

Fairfax, Virginia, United States
FVCbank is a $1.88 billion asset-sized Virginia-chartered community bank serving the banking needs of commercial businesses, nonprofit organizations, professional service entities, their owners, and employees located in the greater Baltimore and Washington D.C., metropolitan areas. FVCbank is based in Fairfax, Virginia, and has 10 full-service offices in Arlington, Fairfax, Manassas, Reston and Springfield, Virginia, Washington D.C., and Baltimore, Bethesda, and Rockville, Maryland.

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Buyer(S) 1

Buyer

Blue Ridge Bank

Charlottesville, Virginia, United States
Category Company
Founded 1893
Sector Financial Services
Employees507
Revenue 122M USD (2023)
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 4 of 4
Sector (Financial Services) 4 of 4
Type (Merger) 3 of 3
State (Virginia) 4 of 4
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS 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.

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Legal