Fairfax’s FVC Bank (NASDAQ: FVCB) and Charlottesville, Virginia’s Blue Ridge Bank (NYSE: BRBS) have canceled the deal to merge they entered into in 2021. The cancellation was the result of “a mutual agreement” after the boards of both banks considered “the progress made towards completing the merger, and the companies’ ability to fully realize the benefits they expected to achieve through the merger,” according to a joint press release. The banks “mutually concluded after careful consideration that it would not be prudent” to go through with the merger, FVCB Chairman and CEO David Pijor and Blue Ridge President and CEO Brian Plum said in a joint statement.
Blue Ridge Bankshares, Inc. (NYSEAM: BRBS) ("Blue Ridge"), the parent company of Blue Ridge Bank, National Association, and FVCBankcorp, Inc. (NASDAQ: FVCB) ("FVCB"), the parent company of FVCbank, jointly announced today a mutual agreement to terminate their merger agreement, previously announced on July 14, 2021, pursuant to which the companies had agreed to combine in an all-stock merger of equals transaction.
Investment company Domani Wealth, LLC (Current Portfolio) buys SPDR MSCI ACWI ex-US ETF, Realty Income Corp, PNC Financial Services Group Inc, Blue Ridge Bankshares Inc, Truist Financial Corp, sells iShares Core U.S.