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Blue Ridge Bankshares, Inc. (NYSE American: BRBS) has successfully completed its merger with Bay Banks of Virginia, Inc. (OTC: BAYK). This merger forms a prominent community bank in Virginia with a pro forma market capitalization nearing $230 million. The combined assets total approximately $2.8 billion, with $1.9 billion in deposits and $2.1 billion in loans. Virginia Commonwealth Bank will continue operating under its name until a systems transition in May 2021.
