Blue Ridge in Virginia freed from OCC consent order

Blue Ridge Bankshares in Charlottesville, Va., has been freed from a January consent order with the Office of the Comptroller of the Currency.

The company made several big decisions since it was hit with the order, making Billy Beale as its CEO, raising capital, and exiting its Banking-as-a-Service vertical.

“Months ago, we turned our attention to community banking with a focus on improving our customer experience while attracting new loans and deposits,” Beale said in a press release. “Release from the consent order increases our ability and flexibility to grow and expand in our key markets.”