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NewBridge Bank Names Executives to New Strategy and Sales Positions

  NewBridge Bank Names Executives to New Strategy and Sales Positions

Business Wire

GREENSBORO, N.C. -- March 21, 2013

NewBridge Bank has created two new executive positions designed to strengthen
the Bank’s core lines of business, create opportunities for new growth
platforms and accelerate the pace of operational and organizational
innovation.

David P. Barksdale has been named Senior Executive Vice President and Chief
Strategy Officer and Spence H. Broadhurst has been named Senior Executive Vice
President and Chief Sales Officer for NewBridge Bank, a leading community bank
with offices throughout North Carolina. They will both report to Pressley A.
Ridgill, President and CEO of NewBridge Bank.

“The business environment in our industry has become extraordinarily complex
over the course of the past 10 to 15 years. While we have done well keeping up
with the pace of change, naming a Chief Strategy Officer positions the Bank to
focus on strategic development and strengthen future growth prospects,” said
Ridgill. “NewBridge Bank is fortunate to have a high performing executive team
from which to fill this critical new role. David’s experience in banking and
his comprehensive knowledge of our operations make him ideally suited to guide
our strategic direction. Through his leadership we will identify and execute
upon the important initiatives that will drive our future performance. He and
I will work closely together to develop ambitious plans to grow NewBridge
Bank.”

As Chief Sales Officer, Spence Broadhurst will oversee the Bank’s five
distinct lines of business: commercial banking, private banking, retail
banking, mortgage banking and wealth management. Broadhurst originally joined
the Bank in 2011 as Executive Vice President and Special Projects Manager.

“Spence is an accomplished banking leader with over 30 years of service in a
variety of communities throughout North Carolina. Additionally, his
outstanding execution of several high-profile initiatives in 2012 has
successfully positioned him for this new leadership role in the Bank and the
communities we serve. As Chief Sales Officer, Spence will continue to expand
our community banking presence throughout our footprint and be an immediate
asset to our senior executive management team,” said Ridgill.

Continuing to report to Mr. Ridgill are Ramsey K. Hamadi, Senior Executive
Vice President and Chief Financial Officer; Robin S. Hager, Senior Executive
Vice President and Chief Administrative Officer; and  William W. Budd, Jr.,
Senior Executive Vice President and Chief Credit Officer. Their titles and
duties remain the same.

About David P. Barksdale

David P. Barksdale was formerly the Chief Banking Officer for NewBridge Bank.
Prior to assuming this role in August 2008, David served as a Regional
President for NewBridge Bank, Chief Credit Officer for Lexington State Bank
(the predecessor to NewBridge), and Area Executive for Forsyth and Stokes
Counties for Lexington State Bank. David began his banking career in 1986 with
United Carolina Bank and joined First Citizens Bank in 1991, working in Credit
Administration, Corporate Education, and as the Forsyth County Commercial
Banking Manager. Between his time at First Citizens and NewBridge Bank, David
joined his alma mater, Wake Forest University, as the Director of Annual
Support and the College Fund.

David and his wife, Jennifer, have two daughters, Emma James and Hallie. They
live in Winston-Salem and attend Mt. Tabor United Methodist Church. David is
active with the Boy Scouts of America and N.C. Agricultural and Technical
State University. David completed Challenge High Point in 1999, Leadership
Winston-Salem in 2001 and Leadership North Carolina in 2012. David is a
graduate of Wake Forest University (1986, mathematics), the N.C. School of
Banking Advanced Management Program, and the American Bankers Association
Stonier Graduate School of Banking at the University of Pennsylvania (2010).

About Spence H. Broadhurst

Spence H. Broadhurst joined NewBridge Bank in 2011 as Executive Vice President
and Special Projects Manager. He is a highly qualified banking professional
with 30 years of experience at SunTrust and its legacy banks. He has held
local and regional leadership positions throughout the state including: Market
President roles in Wake Forest, Salisbury, Wilmington and Greensboro;
President of the Triad Region; and Commercial Real Estate Line of Business
Manager for North and South Carolina.

Broadhurst served as Mayor of Wilmington from 2003 to 2006. He is a member of
the Board of Trustees for N.C. Agricultural and Technical State University and
a past member of the Board of Directors for the Piedmont Triad Partnership and
the Greensboro Partnership.

Broadhurst is a graduate of the University of North Carolina at Chapel Hill
where he earned bachelor’s degrees in industrial relations and economics. He
also completed the Graduate School of Banking at Louisiana State University.
He and his wife Kimberly have three children. They live in Greensboro and
attend First Presbyterian Church.

About NewBridge Bank

NewBridge Bank is a full-service, state-chartered community bank headquartered
in Greensboro, North Carolina and is 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 has assets of approximately $1.7 billion with 37
locations 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:

NewBridge Bank
Jillian Gibson, 336-369-0916
Vice President, Director of Marketing
jillian.gibson@newbridgebank.com