GREENSBORO, N.C., March 31, 2014 (GLOBE NEWSWIRE) -- NewBridge Bancorp (Nasdaq:NBBC), parent of NewBridge Bank, today announced the redemption of all of its remaining outstanding shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock"). The Series A Preferred Stock was previously issued to the U.S. Treasury in 2008 pursuant to NewBridge's participation in the Capital Purchase Program. The shares of Series A Preferred Stock were redeemed at the liquidation price of $1,000 per share for a total of $15 million, plus $172,500 of accrued and unpaid dividends.
NewBridge Bancorp Announces Redemption Of Series A Preferred Stock
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