M&A
confidence high
sentiment negative
materiality 0.75
FVCBankcorp and Blue Ridge Bankshares mutually terminate merger agreement
FVCBankcorp, Inc.
- Merger termination effective January 20, 2022; both boards approved mutual decision.
- No termination fee payable; each company bears its own costs and expenses.
- Parties agreed to mutual releases from any claims related to the merger.
- Companies to focus on independent growth and value creation.