27:
438:
On May 23, 2011, Union First Market
Bankshares Corporation and NewBridge Bancorp announced that their respective subsidiary banks have received all necessary regulatory approvals and have closed on the purchase agreement for the NewBridge Bank branch located at 440 South Main Street in Harrisonburg,
392:
In April 1962, LSB moved its headquarters to an old hardware store at the corner of State Street and West First Street in
Lexington. This new "LSB Plaza" expanded as the company grew. The holding company for LSB was created in July 1983 and in 1985 LSB opened its first 24-hour
467:, a bank nearly equal in assets. With the merger approved by stockholders on July 31, 2007, the new bank is the sixth largest in North Carolina. The post-merger institution, operating under the name NewBridge Bank, began public operations on November 13, 2007.
502:
On March 2, 2015, NewBridge completed the $ 19.8 million acquisition of
Premier Commercial Bank, started in 2008, with $ 168 million in assets and one banking office in Greensboro and several mortgage offices around the area and in Charlotte.
555:
757:
496:, which had $ 381.6 million in assets, in a deal valued then at $ 63.6 million. With the completion of the merger announced April 1, 2014, NewBridge Bank had $ 2.4 billion in assets and 40 locations.
584:
510:
and NewBridge announced a $ 456 million deal expected to close in second quarter 2016, which would give Yadkin $ 7.1 billion in assets and 112 branches. Yadkin had few branches in the
526:. However, Yadkin said in its third-quarter 2016 report that the merging of NewBridge and Yadkin systems, delayed from September, would not take place because Yadkin was purchased by
835:
708:
680:
610:
634:
306:). NewBridge Bank had 44 branches, total assets of about $ 2.7 billion and total deposits of about $ 2 billion. Its branches were mainly centered on the
830:
825:
407:
LSB's motto was "The Bank" and its slogans were "Beeline
Banking", and "Easy as L-S-B". At its height, the bank had 29 branches across the
499:
At a 2014 meeting of shareholders, NewBridge indicated an interest in adding markets in
Virginia, as well as expanding in South Carolina.
451:. It was founded in 1910, and throughout its existence provided community banking services to locations in North Carolina and Virginia.
820:
353:
who were willing to buy them. The first banking office opened in uptown
Lexington's Courthouse Square on July 5, 1949, one day after
736:
378:
354:
519:
515:
350:
523:
638:
346:
652:
358:
151:
805:
482:
448:
279:
116:
478:
338:
404:-based Old North State Bank and LSB shareholders agreed to merge into a single company; the LSB name remained.
394:
489:
158:
741:
713:
685:
332:
291:
60:
493:
464:
428:
424:
412:
382:
790:
420:
180:
416:
401:
345:, founder of Lexington Hospital, Chairman of the Lexington Utilities Commission, and two-term
507:
471:
386:
362:
105:
531:
527:
432:
315:
172:
477:
On
October 1, 2013, NewBridge Bank completed its acquisition of Security Savings Bank of
26:
795:
511:
460:
447:
FNB Southeast, a subsidiary of FNB Financial
Services Corporation, was a bank based in
408:
311:
307:
283:
120:
814:
303:
176:
35:
459:
On
February 27, 2007 Lexington State Bank announced its intention to merge with the
611:"Union First Market Bankshares Completes Branch Acquisition From NewBridge Bancorp"
369:
at the close of business on
December 31, 1949, totaled $ 1,845,680.82, including
294:
and FNB Southeast in November 2007. NewBridge Bank was the banking subsidiary of
374:
290:. It no longer operates under that name. The company formed from the merger of
238:
223:
208:
194:
217:
342:
198:
785:
381:
included deposits of $ 1,602,541.59 and other liabilities of $ 22,201.84,
287:
190:
800:
299:
41:
758:"Yadkin Financial plans to buy NewBridge Bancorp for $ 456 million"
481:, with six branches, giving the bank an increased presence in the
366:
232:
370:
275:
556:"Yadkin Bank brand not likely to appear at NewBridge branches"
337:
Lexington State Bank (commonly known as "LSB") was founded in
737:"NewBridge, Premier Commercial Bank to merge in $ 19.8M deal"
488:
On November 1, 2013 NewBridge Bank announced the merger with
260:
585:"NewBridge purchase of Premier Commercial Bank completed"
530:; Newbridge Bank locations rebranded and integrated into
470:
As of May 20, 2011, Union First Market Bank acquired the
431:
counties of North Carolina. LSB Bancshares, Inc. was the
255:
245:
230:
215:
204:
186:
168:
141:
131:
111:
100:
85:
67:
56:
48:
33:
349:. Shares of the company were sold to citizens of
514:, where NewBridge had 28 branches, nine each in
836:Companies based in Greensboro, North Carolina
8:
609:Corporation, Union First Market Bankshares.
19:
681:"NewBridge completes merger with CapStone"
578:
576:
18:
709:"NewBridge prepares to cross state lines"
674:
672:
543:
735:Carlock, Catherine (October 9, 2014).
534:along with existing Yadkin locations.
801:Yahoo! Finance - NBBC Company Profile
549:
547:
7:
756:Craver, Richard (October 13, 2015).
554:Craver, Richard (October 20, 2016).
791:NewBridge Bankcorp Company Profile
357:. Dr. Smith became the new bank's
14:
679:Craver, Richard (April 1, 2014).
583:Craver, Richard (March 2, 2015).
707:Craver, Richard (June 8, 2014).
25:
796:Union First Market Bank website
341:in 1949 by Dr. J. A. Smith, a
1:
831:2016 mergers and acquisitions
826:Banks based in North Carolina
397:(ATM) at Lexington Hospital.
347:North Carolina Representative
806:NewBridge - About NewBridge
73:; 17 years ago
852:
483:Wilmington, North Carolina
474:branch of NewBridge Bank.
435:for Lexington State Bank.
330:
280:Greensboro, North Carolina
821:Banks established in 2007
479:Southport, North Carolina
339:Lexington, North Carolina
24:
395:automatic teller machine
211:21.53 million (Q2 2013)
786:NewBridge Bank website
742:Triad Business Journal
226:11.6 million (Q2 2013)
762:Winston-Salem Journal
714:Winston-Salem Journal
686:Winston-Salem Journal
589:Winston-Salem Journal
560:Winston-Salem Journal
506:On October 13, 2015,
363:Chairman of the Board
241:1.2 billion (Q2 2013)
157:Pressley A. Ridgill (
150:Pressley A. Ridgill (
16:Defunct American bank
411:region operating in
333:Lexington State Bank
327:Lexington State Bank
292:Lexington State Bank
282:, with locations in
61:Lexington State Bank
247:Number of employees
133:Number of locations
21:
615:www.prnewswire.com
377:of $ 799,626.92.
181:financial planning
173:commercial banking
520:Guilford Counties
385:of $ 150,000 and
296:NewBridge Bancorp
269:
268:
20:NewBridge Bancorp
843:
773:
772:
770:
768:
753:
747:
746:
732:
726:
725:
723:
721:
704:
698:
697:
695:
693:
676:
667:
666:
664:
663:
649:
643:
642:
641:on June 6, 2012.
637:. Archived from
631:
625:
624:
622:
621:
606:
600:
599:
597:
595:
580:
571:
570:
568:
566:
551:
508:Yadkin Financial
472:Harrisonburg, VA
389:of $ 70,937.39.
355:Independence Day
265:
262:
235:
106:Yadkin Financial
96:
94:
81:
79:
74:
29:
22:
851:
850:
846:
845:
844:
842:
841:
840:
811:
810:
782:
777:
776:
766:
764:
755:
754:
750:
734:
733:
729:
719:
717:
706:
705:
701:
691:
689:
678:
677:
670:
661:
659:
651:
650:
646:
633:
632:
628:
619:
617:
608:
607:
603:
593:
591:
582:
581:
574:
564:
562:
553:
552:
545:
540:
532:FNB Corporation
528:FNB Corporation
457:
445:
433:holding company
351:Davidson County
335:
329:
324:
316:Lower Cape Fear
310:regions of the
276:banking company
259:
248:
231:
220:
164:
144:
134:
127:
123:
92:
90:
77:
75:
72:
63:, FNB Southeast
38:
17:
12:
11:
5:
849:
847:
839:
838:
833:
828:
823:
813:
812:
809:
808:
803:
798:
793:
788:
781:
780:External links
778:
775:
774:
748:
727:
699:
668:
653:"Exhibit 99.1"
644:
626:
601:
572:
542:
541:
539:
536:
524:Forsyth County
512:Piedmont Triad
456:
455:NewBridge Bank
453:
444:
441:
409:Piedmont Triad
400:In July 1997,
331:Main article:
328:
325:
323:
320:
312:Piedmont Triad
308:North Carolina
284:North Carolina
272:NewBridge Bank
267:
266:
257:
253:
252:
249:
246:
243:
242:
236:
228:
227:
221:
216:
213:
212:
206:
202:
201:
188:
184:
183:
177:trust services
170:
166:
165:
163:
162:
155:
147:
145:
142:
139:
138:
135:
132:
129:
128:
125:
121:North Carolina
115:
113:
109:
108:
102:
98:
97:
87:
83:
82:
69:
65:
64:
58:
54:
53:
50:
46:
45:
39:
34:
31:
30:
15:
13:
10:
9:
6:
4:
3:
2:
848:
837:
834:
832:
829:
827:
824:
822:
819:
818:
816:
807:
804:
802:
799:
797:
794:
792:
789:
787:
784:
783:
779:
763:
759:
752:
749:
744:
743:
738:
731:
728:
716:
715:
710:
703:
700:
688:
687:
682:
675:
673:
669:
658:
654:
648:
645:
640:
636:
630:
627:
616:
612:
605:
602:
590:
586:
579:
577:
573:
561:
557:
550:
548:
544:
537:
535:
533:
529:
525:
521:
517:
513:
509:
504:
500:
497:
495:
494:CapStone Bank
492:-based bank,
491:
486:
484:
480:
475:
473:
468:
466:
465:FNB Southeast
462:
454:
452:
450:
443:FNB Southeast
442:
440:
436:
434:
430:
426:
422:
418:
414:
410:
405:
403:
402:Winston-Salem
398:
396:
390:
388:
384:
380:
376:
372:
368:
364:
360:
356:
352:
348:
344:
340:
334:
326:
321:
319:
317:
313:
309:
305:
301:
297:
293:
289:
285:
281:
277:
273:
264:
261:newbridgebank
258:
254:
250:
244:
240:
237:
234:
229:
225:
222:
219:
214:
210:
207:
203:
200:
196:
192:
189:
185:
182:
178:
174:
171:
167:
160:
156:
153:
149:
148:
146:
140:
136:
130:
122:
118:
114:
110:
107:
103:
99:
88:
84:
70:
66:
62:
59:
55:
51:
47:
43:
40:
37:
32:
28:
23:
765:. Retrieved
761:
751:
740:
730:
718:. Retrieved
712:
702:
690:. Retrieved
684:
660:. Retrieved
656:
647:
639:the original
629:
618:. Retrieved
614:
604:
592:. Retrieved
588:
563:. Retrieved
559:
522:and four in
505:
501:
498:
487:
476:
469:
458:
446:
437:
406:
399:
391:
336:
295:
271:
270:
233:Total assets
112:Headquarters
104:Merged with
767:October 13,
657:www.sec.gov
565:October 20,
379:Liabilities
195:Investments
57:Predecessor
44:: NBBC
815:Categories
662:2024-06-15
620:2024-06-15
538:References
461:Greensboro
449:Reidsville
439:Virginia.
218:Net income
143:Key people
117:Greensboro
375:discounts
359:President
343:physician
278:based in
199:Insurance
152:president
36:Traded as
692:April 3,
635:"Stocks"
594:March 2,
516:Davidson
429:Randolph
425:Guilford
413:Davidson
314:and the
288:Virginia
187:Services
169:Products
49:Industry
720:June 8,
490:Raleigh
463:-based
421:Forsyth
387:surplus
383:capital
322:History
302::
256:Website
205:Revenue
191:Finance
91: (
86:Defunct
76: (
68:Founded
52:Banking
485:area.
427:, and
417:Stokes
367:Assets
300:Nasdaq
274:was a
197:, and
42:Nasdaq
371:loans
769:2015
722:2014
694:2014
596:2015
567:2016
518:and
373:and
361:and
304:NBBC
286:and
263:.com
239:US$
224:US$
209:US$
126:U.S.
101:Fate
93:2016
89:2016
78:2007
71:2007
251:594
159:CEO
817::
760:.
739:.
711:.
683:.
671:^
655:.
613:.
587:.
575:^
558:.
546:^
423:,
419:,
415:,
365:.
318:.
193:,
179:,
175:,
137:40
124:,
119:,
771:.
745:.
724:.
696:.
665:.
623:.
598:.
569:.
298:(
161:)
154:)
95:)
80:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
