---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-042177"
form_type: "8-K"
ticker: "BRBS"
cik: "0000842717"
company_name: "BLUE RIDGE BANKSHARES, INC."
filed_at: "2025-03-19T23:59:59+00:00"
generated_at: "2026-05-24T12:40:17.880461+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Blue Ridge Bankshares to sell Monarch Mortgage assets to third party, exit mortgage banking

## Summary
- Entered definitive agreement to sell certain assets of Monarch Mortgage to an unrelated third-party mortgage company.
- Transaction expected to close by end of Q1 2025, subject to customary closing conditions.
- CEO cites refocus on community banking in primary footprint; mortgage line required additional investment.
- Monarch Mortgage will continue to fulfill obligations on loans in process until closing and funding.

## SEC filing metadata
- accession: 0000950170-25-042177
- form_type: 8-K
- ticker: BRBS
- cik: 0000842717
- company_name: BLUE RIDGE BANKSHARES, INC.
- filed_at: 2025-03-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/842717/000095017025042177/0000950170-25-042177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/842717/000095017025042177/brbs-20250319.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-042177
- JSON: https://secwatch.observer/filing/0000950170-25-042177.json
- Plain text: https://secwatch.observer/filing/0000950170-25-042177.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.