Blue Ridge Bankshares, Inc. Announces Appointment of G. William (“Billy”) Beale as Chief Executive Officer of Blue Ridge Bank, N.A.

Blue Ridge Bankshares, Inc. (NYSE American: BRBS) (the “Company”), the holding company of Blue Ridge Bank, N.A. (the “Bank”) and BRB Financial Group, Inc., today announced that G. William (“Billy”) Beale has been appointed as Chief Executive Officer of the Bank, effective as of May 7, 2023.

Brian K. Plum will continue as President and Chief Executive Officer at the holding company. Mr. Plum will focus on broader strategy, technology and business line initiatives to further advance the Company’s Strategy Statement: Blue Ridge Bank is an innovative, comprehensive financial services company of choice dedicated to a frictionless client experience.

“Over the past 15 years, Blue Ridge Bank has grown from a small community bank to a leading Virginia bank with a robust deposit base, deep customer relationships and growing footprint,” said Mensel D. Dean, Jr., Chairman of the Board. “As we considered the growth opportunities available to the Bank, in addition to the increasing complexity and challenges in the banking industry, we believe it is important to add depth and experience to our team so we can continue to effectively build on the strong foundation that Brian and the team have created. Billy is a seasoned banking executive with a deep understanding of the regional banking sector, and the Board is confident that we will benefit greatly from his operational expertise.”

Mr. Dean concluded, “We are pleased that Brian will continue to lead our holding company. As CEO over the last eight years, he has overseen the Bank’s tremendous growth and brand recognition, developed diversified income sources and modernized our operations and capabilities. We expect to continue to benefit from his guidance in his role at the Company and are excited about what Brian, Billy and our talented team will achieve together.”

“I am excited to have the opportunity to join this team at a critical time in the banking industry,” said Mr. Beale. “Blue Ridge Bank has a unique community banking model with strong credit quality, diverse revenue streams, robust local market teams and sophisticated and innovative products. Together, we will continue to execute our strategies to grow the franchise and enhance the Bank’s fee-based business. I look forward to working with the Board, Brian and the rest of the management team to reach even greater heights.”

“The Blue Ridge team has accomplished a tremendous amount working together in recent years,” said Mr. Plum. “Billy joining the team to lead Blue Ridge Bank provides the Company with an experienced and successful bank executive who will be additive as we work to create shareholder value. I have watched and admired Billy’s success during my career and am incredibly pleased to have him join Blue Ridge as a teammate. I am looking forward to building on Blue Ridge’s success together.”