Blue Ridge Bankshares Names New CEO After Fintech Partnership Troubles, Pivots to Traditional Banking

Blue Ridge Bankshares expanded through banking-as-a-service partnerships with about 70 fintech companies, but faced regulatory scrutiny over anti-money-laundering controls and called off its acquisition of FVC BankCorp. The company gradually withdrew from those partnerships after Billy Beale took the helm in 2023, ending the final arrangement in December 2024 and refocusing on community banking, commercial and industrial finance, and commercial real estate lending.

Blue Ridge announced on March 12, 2026, that Beale had stepped down on March 6 and that 62-year-old chief credit officer Harry Golliday had been named interim president and CEO. The $2.4 billion-asset company posted net income of $10.7 million in 2025, reversing a $15.4 million loss in 2024. The OCC terminated its consent order on November 13, 2025.