Local Bank pays Cash Dividend

The directors of Blue Ridge Financial Corporation, the holding company of Blue Ridge Bank, recently declared a cash dividend in the amount of $204,799 or $.50 per share, payable to stockholders on record as of Dec. 1, 2014. This is the same rate paid to stockholders in 2013, and brings the total cash dividends paid by the bank and the holding company since 1959 to a combined total of $6,461,992 in addition to six stock splits. Glenn Buddin, the CEO and CFO made the announcement for the bank. Today the bank has assets in excess of $100 million dollars, and is in the Top 10% of Banks Nationwide with a 5 Star Rating.