BAY Banks of Virginia INC: management transactions · United States · SEC (Form 4)

About BAY Banks of Virginia INC

Bay Banks of Virginia Inc. was a U.S. community banking company with roots in Virginia’s local banking market. For a French-speaking investor audience, the key point is that the business was built around relationship banking rather than scale banking: retail deposits, commercial lending, mortgage-related services, and wealth/trust capabilities aimed at households, professionals, and small-to-mid-sized businesses. Historical disclosures show that Bay Banks was linked to Virginia Commonwealth Bank and VCB Financial Group, with the latter providing trust, estate, and wealth-management services. The bank’s operating footprint was concentrated in Virginia, especially the Richmond area, the Northern Neck, the Tri-Cities, Middlesex County, and other nearby local markets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1034594/000114420417062963/tv481077_ex99-1.htm?utm_source=openai)) Founded through its legacy banking franchise in the 1930s, Bay Banks of Virginia grew as a regional financial institution serving local clients with a broad but fairly standard community-bank product set. Its core lines of business included deposit gathering, consumer and commercial lending, mortgage banking, and fiduciary / wealth-management services. That revenue mix is typical of U.S. regional banks: net interest income remains central, while fee income from lending, deposits, mortgage activity, and wealth services helps diversify earnings. The company’s value proposition was therefore grounded in customer proximity, local decision-making, and long-standing market relationships. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1034594/000114420417062963/tv481077_ex99-1.htm?utm_source=openai)) From a competitive standpoint, Bay Banks operated in a highly fragmented environment dominated by community and regional banks across the U.S. Southeast. Its main advantages were local brand recognition, branch density in selected Virginia communities, and a client base built around small-business owners, professionals, and retail customers. Before the merger, the bank’s branch network covered the greater Richmond region, the Northern Neck, the Tri-Cities, Suffolk, Virginia Beach, and surrounding areas, giving it a focused territorial presence rather than a broad national footprint. That local specialization can be attractive in community banking, but it also leaves a bank exposed to regional economic cycles and regulatory pressures. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1034594/000114420418047709/tv502237_ex99-1.htm?utm_source=openai)) A crucial recent development is that Bay Banks of Virginia Inc. ceased to exist as an independent listed entity after its merger into Blue Ridge Bankshares in January 2021. Historical SEC filings show that Bay Banks was then the parent of Virginia Commonwealth Bank, but those banking operations were folded into Blue Ridge after the transaction. In current market terms, Bay Banks should therefore be viewed as a legacy name rather than a live NYSE/NASDAQ-listed issuer. The surviving group’s shares are associated with Blue Ridge Bankshares, which the SEC filing identifies as listed on the NYSE American market under the symbol BRBS, in the United States. For Form 4 tracking, this means any insider activity under the Bay Banks name is best understood in a historical or post-merger context, not as standalone public-company activity today. ([sec.gov](https://www.sec.gov/Archives/edgar/data/842717/000095017025036301/brbs-20241231.htm?utm_source=openai))