News Column

Blue Ridge Bankshares, Inc. Elects New Director

July 4, 2014



By a News Reporter-Staff News Editor at Real Estate Weekly News -- Blue Ridge Bankshares, Inc. (OTCQB: BRBS), parent company of Blue Ridge Bank (BRB), elected Richard T. Spurzem to its Board of Directors at its annual meeting on May 13, 2014. Mr. Spurzem is also serving on the Board of Directors of Blue Ridge Bank, BRBS's wholly-owned bank subsidiary.

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Mr. Spurzem is a real estate investor and developer in Charlottesville. His companies include Neighborhood Properties, Inc., University Apartments, LLC, Neighborhood Investments, LLC and Neighborhood Development, Inc.

"We are very excited to have Richard elected to our Board of Directors," said Blue Ridge Bank President and CEO Monte L. Layman. "Richard brings incredibly deep knowledge and expertise about the Charlottesville market as well as the real estate and financial services industries. We know that he will be a tremendous asset for us as we continue to increase our presence in the Charlottesville markets and beyond."

Spurzem added, "I am honored that the shareholders elected me to represent their interests as Blue Ridge Bank continues to grow as a community bank fully committed to its clients and to the markets which it serves. As a long-time client of Blue Ridge Bank, I have experienced first-hand its common sense approach of working with its customers to find flexible, timely, and cost-effective solutions to meet a business' banking needs. Blue Ridge Bank is well-managed, well-capitalized, and well-positioned to be the premier community bank in each of the markets it serves."

Born and raised in Minnesota, Mr. Spurzem moved to Charlottesville in high school and graduated from the Tandem School. In 1983, he received his B.A. with Distinction in Economics from the University of Virginia where he was an Echols Scholar. He received his MBA from the Harvard Business School in 1987 and returned to Charlottesville to his real estate business that he had started when he was in his second year at UVA.

Mr. Spurzem has been active in the Charlottesville community. He serves as a Trustee (and Treasurer) of the Tandem Friends School, as a Trustee of the Jefferson Trust at the UVA Alumni Association, and as a Board member (past Chairman) of the Free Enterprise Forum. Previously, he has served on the Boards of the Blue Ridge Apartment Council (Chairman), the Virginia Apartment Management Association, and the Second Street Gallery (Treasurer). He also was a member of the City of Charlottesville'sHousing Advisory Committee and the Rivanna Solid Waste Citizen's Advisory Committee. He is a 1994 graduate of the Leadership Charlottesville program.

Mr. Spurzem resides in Charlottesville with his wife and children.

Keywords for this news article include: Real Estate, Blue Ridge Bankshares Inc..

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Source: Real Estate Weekly News