Brief: Fvcbankcorp Inc - Blue Ridge Bankshares, Inc. And Co Announce Combination

FVCBankcorp

14/07/2021 21:36

July 14 (Reuters) - Blue Ridge Bankshares Inc  BRBS.A :
    * FVCBANKCORP INC - BLUE RIDGE BANKSHARES, INC. AND CO
ANNOUNCE
COMBINATION
    * FVCBANKCORP INC -  CO, BLUE RIDGE BANKSHARES WILL COMBINE
IN AN
ALL-STOCK MERGER OF EQUALS
    * FVCBANKCORP INC - FVCB SHAREHOLDERS WILL RECEIVE 1.1492
SHARES
OF BLUE RIDGE COMMON STOCK FOR EACH SHARE OF FVCB COMMON STOCK
THEY OWN
    * FVCBANKCORP INC - FVCB SHAREHOLDERS WILL OWN APPROXIMATELY
47.5%
OF COMBINED CO
    * FVCBANKCORP INC - TRANSACTION IS TARGETED TO DELIVER 16%+
EPS
ACCRETION TO BLUE RIDGE IN 2022 AND 2023, RESPECTIVELY
    * FVCBANKCORP INC -  TRANSACTION IS TARGETED TO DELIVER 12%+
EPS
ACCRETION TO FVCB IN 2022 AND 2023, RESPECTIVELY
    * FVCBANKCORP INC - DAVID W. PIJOR, CHAIRMAN AND CHIEF
EXECUTIVE
OFFICER OF FVCB, WILL BE EXECUTIVE CHAIRMAN OF COMBINED COMPANY
    * FVCBANKCORP INC - BRIAN K. PLUM, PRESIDENT AND CHIEF
EXECUTIVE
OFFICER OF BLUE RIDGE, WILL CONTINUE IN ROLE OF CHIEF EXECUTIVE
OFFICER OF COMBINED CO
    * FVCBANKCORP INC - JENNIFER L. DEACON, CHIEF FINANCIAL
OFFICER OF
FVCB, WILL BE CHIEF FINANCIAL OFFICER OF COMBINED COMPANY
    * FVCBANKCORP INC - BOARD OF COMBINED CO WILL CONSIST OF 16
DIRECTORS, EIGHT BLUE RIDGE BOARD MEMBERS AND EIGHT FVCB BOARD
MEMBERS
    * FVCBANKCORP INC - BOARD OF COMBINED CO WILL CONSIST OF
INDEPENDENT BLUE RIDGE DIRECTOR SERVING AS LEAD DIRECTOR

Source text for Eikon:  ID:nPn3yQBjma 
Further company coverage:  BRBS.A 

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