The Bank Slate


Blue Ridge Bankshares in Va. discloses CEO resignation

Blue Ridge Bankshares in Charlottesville, Va., has a new leader.

The $3.3 billion-asset company disclosed in a regulatory filing that Brian Plum resigned as its president and CEO on July 12. He also resigned from the board.

William Beale, who recently became bank CEO, succeeded Plum and joined the company’s board. Beale was president and CEO of Community Bankers Bank in Chesterfield, Va., from November 2018 to July 2020.

Last year, Blue Ridge entered into a written agreement with the Office of the Comptroller of the Currency requiring it to improve how it monitors fintech relationships. It recently hired Kirsten Muetzel, a former Fed executive, to serve as president of its fintech division.

The company disclosed last week that it would not pay a dividend in the third quarter.

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