Blue Ridge Bankshares Inc (BRBS) is a Virginia-based bank holding company that operates Blue Ridge Bank, a community bank offering commercial and retail banking services across Virginia and North Carolina. The company earns revenue primarily from net interest income, the spread between interest earned on loans and securities and interest paid on deposits and borrowings. As of December 31, 2025, the company held approximately $2.43 billion in total assets and $1.87 billion in total gross loans. The bank operates branches across more than 25 Virginia cities and towns, plus Greensboro, North Carolina, with commercial lending offices in Winchester and Norfolk, Virginia. The company historically ran a banking-as-a-service operation through fintech partnerships, but completed an orderly wind-down of BaaS depository operations during 2024 and had no active BaaS end-users as of December 31, 2025. Remaining indirect fintech lending relationships, conducted through Upgrade, Inc. as of December 31, 2025, are being wound down with full exit expected in 2026. The company also offers wealth management, trust administration, estate planning, and life insurance products through its Financial Group.
- Revenue model
- Net interest income from loans and securities, funded by deposits and borrowings. Fee income from wealth management, trust administration, and estate planning services. Historically also earned interest and fee income from fintech BaaS partnerships, now exited.
- Products and services
- Mortgage loans on real estate (residential, multi-family, home equity, commercial, owner-occupied commercial), construction loans, commercial loans, indirect fintech lending (Upgrade, Inc. as of December 31, 2025, being wound down), wealth and investment management, personal and corporate trust administration, estate planning and settlement, life insurance products.
- Customers and end markets
- Individual consumers, residential homebuyers, real estate investors, commercial property owners, builders, businesses, and personal and corporate trust clients across Virginia and North Carolina markets.
- Value-chain role
- Direct originator and holder of loans, deposit-taker, and wealth/trust services provider. In fintech lending, acts as originating bank with loans purchased by fintech partners generally within three days of origination.
- Geographic exposure
- Primary market area spanning the Shenandoah Valley through the Piedmont region, Richmond, the coastal peninsulas, and Hampton Roads region of Virginia, and into central North Carolina. Branch locations as of the 10-K filing include Callao, Charlottesville, Chester, Colonial Heights, Culpeper, Fredericksburg, Gordonsville, Harrisonburg, Hartfield, Henrico, Kilmarnock, Louisa, Luray, Martinsville, Midlothian, Mineral, Montross, Orange, Petersburg, Richmond, Shenandoah, Suffolk, Virginia Beach, Warsaw, and White Stone, Virginia, and Greensboro, North Carolina.
- Competitors
- Other community banks in Virginia and North Carolina markets, Credit unions, Internet-based banks, Out-of-market banks, Fintech companies, Money market and mutual funds, Brokerage houses, Mortgage companies, Insurance companies offering financial services
