Banc Funds Co LLC Amends Blue Ridge Bankshares Stake

TL;DR

**Banc Funds Co LLC still holds a big chunk of Blue Ridge Bankshares, signaling continued institutional interest.**

AI Summary

Banc Funds Co LLC, a Chicago-based investment firm, has filed an amendment to its Schedule 13G, indicating its ownership of Blue Ridge Bankshares, Inc. common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, shows that Banc Funds Co LLC continues to hold a significant stake in Blue Ridge Bankshares, Inc. For investors, this signals that a major institutional investor maintains its position, which could be interpreted as a vote of confidence in the company's long-term prospects.

Why It Matters

This filing confirms that a significant institutional investor, Banc Funds Co LLC, continues to hold a substantial position in Blue Ridge Bankshares, Inc., which can influence market perception and investor confidence.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive ownership disclosure, indicating no immediate change in control or significant new risks.

Analyst Insight

A smart investor would note the continued institutional ownership by Banc Funds Co LLC as a stable factor, but would need to review the full Schedule 13G/A to understand the exact percentage of ownership and any changes from previous filings to gauge the true sentiment and potential impact.

Key Players & Entities

• Banc Funds Co LLC (company) — the filer and institutional investor
• Blue Ridge Bankshares, Inc. (company) — the subject company whose stock is owned
• BANC FUND IX L.P. (company) — a group member of the filing entity
• TBFC FINANCIAL TECHNOLOGIES FUND L.P. (company) — a group member of the filing entity
• December 31, 2023 (date) — the date of the event requiring the filing

FAQ

Filing Documents

• doc1.htm (SC 13G/A) — 94KB
• 0001567619-24-000166.txt ( ) — 96KB

From the Filing

SC 13G/A 1 doc1.htm NONE Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 )* Blue Ridge Bankshares, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 095825105 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: o Rule 13d-1(b) x Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 095825105 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Banc Fund X L.P. 82-5185037 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) x 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 1521725 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 1521725 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1521725 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 1.9% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) N/A FOOTNOTES CUSIP No. 095825105 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Banc Fund IX L.P. 37-1755531 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) x 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 1605689 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 1605689 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1605689 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) N/A FOOTNOTES CUSIP No. 095825105 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) TBFC Financial Technologies Fund L.P. 88-1405404 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) x 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) N/A FOOTNOTES Item 1. (a) Name of Issuer Blue Ridge Bankshares, Inc. (b) Address of Issuer's Principal Executive Offices 17 WEST MAIN STREET, LURAY, VA 22835 Item 2. (a) Name of Person Filing The Banc Funds Company, L.L.C. This Schedule 13G/A is being filed jointly by Banc Fund IX L.P. ("BF IX"), an Illinois Limited Partnership, Banc Fund X L.P. ("BF X"), an Illinois Limited Partnership, and TBFC Financial Technologies Fund L.P. (collectively, the "Reporting Persons"). The general partner of BF IX is MidBan IX L.P. ("MidBan IX"), whose principal business is to be a general partner of BF IX. The general partner of BF X is MidBan X L.P. ("MidBan X"), whose principal business is to be a general partner of BF X. The general partner of TBFC Financial Technologies Fund L.P. is MidBan XI L.P. ("MidBan XI"), whose principal business is to be a general partner of TBFC Financial Technologies Fund L.P. The general partner of MidBan IX, MidBan X, and MidBan XI is The Banc Funds Company, L.L.C., ("TBFC"), whose principal business is to be a general partner of MidBan IX, MidBan X, and MidBan XI. TBFC is an Illinois corporation whose principal shareholder is Charles J. Moore. Mr. Moore has been the manager of BF IX, BF X and TBFC Financial Technologies Fund L.P., since their respective inceptions. As manager, Mr. Moore has voting and dispositive power over the securities of the issuer held by each of those entities. As the controlling member of TBFC, Mr. Moore will control TB

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