UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01 Other Events.
On October 30, 2023, the board of directors (the “Board”) of Blue Ridge Bankshares, Inc. (the “Company”) determined to forego the declaration and payment of a cash dividend on the Company’s common stock in the fourth quarter of 2023. Additionally, the Board made the decision to suspend future quarterly dividend payments until further notice. The decision was based on the desire to preserve capital.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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BLUE RIDGE BANKSHARES, INC.
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Dated: October 31, 2023 |
By: |
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/s/ Judy C. Gavant |
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Judy C. Gavant |
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Executive Vice President and Chief Financial Officer |
Document And Entity Information |
Oct. 30, 2023 |
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| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Oct. 30, 2023 |
| Entity Registrant Name | BLUE RIDGE BANKSHARES, INC. |
| Entity Central Index Key | 0000842717 |
| Entity Emerging Growth Company | true |
| Securities Act File Number | 001-39165 |
| Entity Incorporation, State or Country Code | VA |
| Entity Tax Identification Number | 54-1838100 |
| Entity Address, Address Line One | 1807 Seminole Trail |
| Entity Address, City or Town | Charlottesville |
| Entity Address, State or Province | VA |
| Entity Address, Postal Zip Code | 22901 |
| City Area Code | 540 |
| Local Phone Number | 743-6521 |
| Entity Information, Former Legal or Registered Name | Not Applicable |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Entity Ex Transition Period | false |
| Title of 12(b) Security | Common Stock, no par value |
| Trading Symbol | BRBS |
| Security Exchange Name | NYSEAMER |