CEO Transition and Retirement Agreement

Blue Ridge Bankshares, Inc. announced the retirement of G. William Beale as President and CEO, effective March 6, 2026. Beale will receive a 2025 bonus, vested shares, a lump sum payment of $180,478.13, and 12 monthly payments of $84,004.13. He has agreed to release claims and adhere to restrictive covenants. Harry Golliday has been appointed Interim CEO. Golliday has an employment agreement with provisions for termination and change in control scenarios. The company also issued a press release on March 12, 2026, regarding the CEO transition.