GREENSBORO, N.C., March 14, 2014 (GLOBE NEWSWIRE) -- NewBridge Bancorp (Nasdaq:NBBC), parent of NewBridge Bank, today announced that it has placed $15.5 million in subordinated notes with certain accredited investors, including members of its board of directors. Pressley A. Ridgill, President and Chief Executive Officer of NewBridge Bancorp said, "Subordinated debt is a form of low-cost regulatory capital. We intend to use the proceeds from the issuance to retire $15 million of more expensive preferred securities."
NewBridge Bancorp Announces Private Placement Of Subordinated Notes
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