Blue Ridge Bank clears regulatory fog, released from OCC consent order after nearly two years

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Months after reporting its first profitable quarter in two years, Blue Ridge Bank has hit yet another milestone in its turnaround.

The Henrico-based bank earlier this month was released from a strict consent order put in place by its primary regulator, the Office of the Comptroller of the Currency.

The OCC’s decision means that the $2.5 billion bank is freed from nearly two years of heightened regulation caused by a mishandling of rapid merger-driven growth and an overreliance on deposits and loans with fintech companies.

The bank had been under the consent order since January 2024 and was released on Nov. 13.

“The OCC believes that the safety and soundness of (Blue Ridge) and its compliance with laws and regulations does not require the continued e