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NewBridge Bank to Hold Grand Opening at New Downtown Raleigh Location

July 11, 2013

GREENSBORO, N.C. – NewBridge Bank, one of the largest community banks in North Carolina, is pleased to announce it will hold a grand opening celebration for its first full-service branch in Raleigh and the greater Triangle area on July 23, 2013.  

A special ribbon-cutting ceremony will be held at 9 a.m. at NewBridge Bank’s newest location at 133 Fayetteville Street in downtown Raleigh, just one block from the State Capitol. Pressley A. Ridgill, president and CEO of NewBridge Bank; Spence Broadhurst, senior executive vice president and chief sales officer; and Jonathan Taylor, senior vice president and Triangle area executive will lead the grand opening festivities.   

The Bank’s new branch, housed in the historic Masonic Temple Building in downtown Raleigh, includes 4,500 square feet of newly remodeled space designed to complement the professional, urban setting of downtown Raleigh. The new full-service branch will accept deposits allowing the Bank to serve clients’ comprehensive financial needs, including traditional banking, lending, treasury services and wealth management.  

“NewBridge Bank is pleased to celebrate the opening of our first full-service location in the Triangle with the area’s residents and businesses,” said Spence H. Broadhurst. “The Triangle is a leading commercial, educational and cultural region in North Carolina and the Southeast, and we have enjoyed serving the region for the past two years through our loan production office.  With our first full-service branch, we are excited to introduce our financial expertise and value-added business model to the region and look forward to serving the vibrant, local communities for years to come.” 

NewBridge Bank’s Raleigh branch is led by a veteran team of community bankers.  Jonathan Taylor leads the Bank’s presence in the market.  Rod Webb, senior vice president and Raleigh city executive, serves the commercial banking needs of business clients. Frank Shell, senior vice president and commercial banker, handles operating companies and commercial banking clients. Bridget Falco, senior vice president and commercial banker, develops new client relationships among growing companies and institutions in the Triangle, while Monica Navarro, assistant vice president, serves as the Branch Manager. 

“When we opened our loan production office two years ago, our expectation was to eventually expand our presence in the market and provide full-service banking,” said Taylor. “We have enjoyed helping business clients and homeowners with premier financing solutions and are thrilled to take this next step. We now have the team, facility and product depth to fulfill our mission of being the preferred financial partner for small to midsize businesses, professionals and retail clients.”  

About NewBridge Bank

NewBridge Bank is a full-service, state-chartered community bank headquartered in Greensboro, North Carolina. NewBridge Bank is the largest community bank in the Piedmont Triad Region of North Carolina and one of the largest community banks in the state. NewBridge Bank serves small to midsize businesses, professionals and consumers with a comprehensive array of financial services, including retail and commercial banking, private banking, wealth management and mortgage banking. NewBridge Bank currently has assets of approximately $1.7 billion with 30 branches and several loan production offices throughout North Carolina. The stock of NewBridge Bancorp, the Bank’s parent company, trades on the NASDAQ Global Select Market under the symbol “NBBC.”

Contact:
Jillian Gibson
1st Vice President, Director of Marketing
336-369-0916