LURAY, Va., March 19, 2019 /PRNewswire/ -- Blue Ridge Bankshares, Inc. (OTC Pink: BRBS) is pleased to announce the appointment of Elise Peters Carey, Donald R. Vaughan, and Carolyn J. Woodruff to its Board of Directors with Peters Cary serving as Vice-Chair. Peters Cary, Vaughan, and Woodruff also serve on the Board of Directors for Carolina State Bank, a division of Blue Ridge Bank.
"We are excited to have Elise, Don, and Carolyn join the Board of Directors as we focus on serving and growing in the Piedmont Triad region," said Brian K. Plum, President and Chief Executive Officer. "Each of these three brings a very strong track record of success and a deep knowledge of the needs of the Triad. They also share a strong commitment to the shared success and vision of Blue Ridge Bankshares, Inc. to be the premier financial institution in each of its communities."
Peters Carey added "This venture is important to me because we need a community bank that can focus on the needs of our citizens and local businesses. We are focused on building relationships and serving our local community."
Elise Peters Carey is the current President of Bethany Medical Center, the largest independent provider of medical services in the Triad of North Carolina. She is also President of Peters Holdings and Peters Development. She is the Director of the Lenny Peters Foundation, a non-profit organization that supports the Triad and communities around the world. Previously she held various strategic planning and finance positions at American Express and Capital One Bank. She began her career consulting financial institutions on market data, treasury services, and capital management. Elise holds a Master of Business Administration and a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania.
Carolyn Woodruff, J.D., CPA, CVA is President of the preeminent Woodruff Family Law Group in Greensboro. She graduated from the Duke University School of Law with High Honors where she served as Research and Managing Editor of the Duke Law Review. As a North Carolina Certified Public Accountant, Carolyn has been a trailblazer in the area of business valuation and is a frequent writer and lecturer on business valuation and federal taxation. Carolyn is a Certified Valuation Analyst having met the requirements of this designation by the National Association of Certified Valuation Analysts. She is an instrument-rated multi-engine airplane pilot.
Don Vaughan, J.D. is a Greensboro attorney with more than 30 years of experience. He served in the North Carolina Senate and as Mayor Pro Tem and City Councilman for the City of Greensboro. Vaughan serves on the North Carolina State Banking Commission and previously served on the North Carolina Courts Commission. Don holds a Bachelor of Arts from the University of North Carolina at Chapel Hill, a Master of Public Administration degree from American University, and a Juris Doctor from Wake Forest University, where he was a member of the Wake Forest Law Review. He is an adjunct professor at Wake Forest Law School and Elon Law School.
Also, on March 18, 2019 the Company completed the sale of approximately 232,000 shares of common stock pursuant to the exercise by an existing shareholder of certain non-dilution rights. Combined with the gross proceeds from the February 2019 private placement, the Company received aggregate gross proceeds of $23.4 million in exchange for the sale of 1,536,731 shares to accredited investors.
About Blue Ridge Bankshares, Inc. Blue Ridge Bankshares, Inc. is the parent company for Blue Ridge Bank, NA, its wholly-owned bank which includes the Carolina State Bank division. Blue Ridge Bank was chartered in 1893 and serves the Virginia communities of Charlottesville, Drakes Branch, Harrisonburg, Luray, Martinsville, McGaheysville, Shenandoah, Stuart, and, through its Carolina State Bank division, Greensboro. The Bank's mortgage division includes offices in Virginia, North Carolina, Maryland, and Florida, and includes the Monarch Mortgage and Standard Mortgage names. The bank provides payroll services through MoneyWise Payroll Solutions, Inc. The bank provides qualified intermediary services for 1031 deferred-tax exchanges through its subsidiary Exchangers, Ltd. Visit www.mybrb.com for more information.