Blue Ridge Bank enters OCC consent order; must maintain 10% leverage, halt new fintech without OCC okay

BLUE RIDGE BANKSHARES, INC.

OCC consent order replaces Aug 2022 agreement; bank neither admits nor denies BSA/AML violations and unsafe practices.
Bank must maintain leverage ratio 10.00% and total capital ratio 13.00%; deemed not well capitalized and in troubled condition.
No new third-party fintech relationships, products, or services without OCC prior non-objection; existing fintechs face enhanced oversight.
Dividends and capital distributions require OCC prior non-objection and compliance with capital plan.

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