Blue Ridge Bank focused on OCC agreement before expanding fintech partnerships2 Feb 2023—spglobal.com
Blue Ridge Bank NA is prioritizing improving its internal controls over expanding its banking as a service business as it works to address regulatory requirements tied to financial technology partnerships, executives said.
The Martinsville, Va.-based bank, a unit of Charlottesville, Va.-based Blue Ridge Bankshares Inc., entered into a formal written agreement with the Office of the Comptroller of the Currency, or OCC, in August 2022 to improve its assessment and management of risks posed by...