Blue Ridge Bankshares, Inc. Announces 2024 Fourth Quarter and Full Year Results
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Blue Ridge Bankshares, Inc. reported its 2024 Q4 and full-year results, highlighting improvements in deposit growth, reduced noninterest expenses, and decreased nonperforming assets. The company has exited its banking-as-a-service depository operations and is on track with regulatory remediation efforts.
January 30, 2025 | 10:45 pm
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Blue Ridge Bankshares, Inc. reported positive financial results for 2024, with improvements in deposit growth, expense reduction, and asset quality. The company has exited its banking-as-a-service operations and is progressing with regulatory remediation.
The positive financial results, including deposit growth and reduced expenses, suggest a strong operational performance. Exiting the banking-as-a-service operations may streamline focus and resources. Regulatory remediation progress is a positive sign for future stability.
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