Blue Ridge Bankshares, Inc. Common Stock (BRBS)

Competitors to Blue Ridge Bankshares, Inc. Common Stock (BRBS)

Atlantic Union Bankshares Corporation

Atlantic Union Bankshares Corporation is a formidable competitor within the same geographic markets as Blue Ridge Bankshares, offering a full range of banking services including commercial and retail banking. Atlantic Union's larger asset base allows it to benefit from economies of scale, offering competitive rates on loans and deposits. In contrast, Blue Ridge Bankshares competes by emphasizing personalized service and community relations, but Atlantic Union's scale and resources provide it with a leading advantage in pricing flexibility and product offerings.

Carter Bank and Trust 

Carter Bank and Trust shares a similar target market with Blue Ridge Bankshares, offering a range of services including personal and commercial banking, mortgage lending, and investment services. While Carter Bank is often recognized for personalized banking solutions, it faces challenges from larger banks that provide more sophisticated technology and services at competitive rates. Blue Ridge Bankshares could leverage its community-oriented approach to enhance customer loyalty, but Carter Bank's established presence and larger scale present consistent competitive pressures in the market.

First Community Bankshares, Inc. 

First Community Bankshares, Inc. operates in a similar regional banking space as Blue Ridge Bankshares, focusing on personal and commercial banking solutions. Both companies market their products to small and medium-sized businesses as well as local residents, competing for customer deposits and loan opportunities. First Community Bankshares distinguishes itself with a strong focus on community engagement and a robust suite of digital banking services, which enhances customer experience. This emphasis on innovation may give them a slight competitive edge in attracting tech-savvy customers.

TowneBank 

TowneBank competes with Blue Ridge Bankshares by offering a comprehensive suite of banking products aimed at both individual and business customers. With their strong brand presence and diversified financial services, TowneBank is able to reach a broader customer base. Their strengths lie in establishing trust and relationships in their market, allowing them to build a loyal customer pool that can create higher-than-average retention rates. While Blue Ridge may have local strengths, TowneBank's expansive service offerings provide them with a competitive edge across multiple banking sectors.