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Slide #94. NewBridge Bank — CapStone Bank
NewBridge Bank (NBBC)
NewBridge Bancorp (Nasdaq:NBBC) announced today that NewBridge Bank ("NewBridge") has successfully completed its merger with CapStone Bank ("CapStone") of Raleigh, North Carolina. The merger results in a community bank with total assets of $2.4 billion and a significantly expanded banking presence in four of the top metro markets in North Carolina. NewBridge will continue to operate CapStone's four offices under the CapStone Bank name until a systems conversion later this month.
NewBridge Bancorp is a bank holding company. Through NewBridge Bank (the Bank), Co. provides banking products to small to medium-sized businesses and retail clients in its market areas, including interest-bearing and noninterest-bearing demand deposit accounts, certificates of deposits, individual retirement accounts, overdraft protection, personal and corporate trust services, safe deposit boxes, online banking, corporate cash management, brokerage, financial planning and asset management, and secured and unsecured loans. Co. has one non-bank subsidiary, FNB Financial Services Capital Trust I. As of Dec 31 2014, Co. had total assets of $2.52 billion and total deposits of $1.83 billion.
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Buy (3.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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