NewBridge Bancorp to Acquire Security Savings Bank

NewBridge Bancorp to Acquire Security Savings Bank

GREENSBORO, N.C., June 13, 2013 (GLOBE NEWSWIRE) -- NewBridge Bancorp
(Nasdaq:NBBC), the parent company of NewBridge Bank, announced today the
signing of a definitive agreement to acquire Security Savings Bank, a state
mutual savings bank headquartered in Southport, N.C.

Security Savings Bank operates six branches and one loan production office in
Brunswick County, N.C. As of March 31, 2013, Security Savings Bank reported
total assets of $224 million, total loans of $157 million and total deposits
of $176 million.

NewBridge Bank will acquire the assets and liabilities of Security Savings
Bank in a transaction NewBridge anticipates will be ordered by the North
Carolina Commissioner of Banks. No shares will be issued or cash exchanged in
the transaction, and the merger is not subject to member approval.

"We welcome Security Savings Bank clients to NewBridge Bank," said Pressley A.
Ridgill, president and chief executive officer. "Community banks have been
through a tumultuous economic cycle, and many have suffered the adverse
consequences of circumstances beyond their control. We are honored to partner
with Security Savings and continue its 100-year tradition of serving Brunswick
County communities."

With the transaction announced today, NewBridge Bank will be a $2 billion
asset institution with 36 branches and several loan production offices
throughout North Carolina. Already the largest community bank in the Piedmont
Triad Region of North Carolina, NewBridge Bank will also be one of the largest
community banks in the Greater Wilmington Area.

"The merger of Security Savings Bank is an excellent strategic fit for our
Company and will provide significant benefits to the clients of both
institutions. The economic downturn forced most community banks to be inwardly
focused. We are pleased that with the overwhelming success of our 2012 capital
raise and asset disposition plan, we are now prepared to focus on fulfilling
our original vision—to leverage our existing infrastructure through organic
growth and strategic consolidation. The acquisition of Security Savings Bank
follows this vision and will provide significant benefits to the
constituencies of both institutions. Our clients will have access to an
expanded branch network in NewBridge Bank's Coastal region, and Security
Savings Bank's employees, clients, and communities will benefit from the
stability, strength and operating efficiencies we offer. Equally important, we
believe NewBridge Bancorp shareholders will see immediate earnings accretion
without dilution to their share value."

Henry Edmund, chief executive officer of Security Savings Bank said, "Our
executive management team and Board of Directors are excited about our future
with NewBridge Bank. Security Savings was significantly impacted by the
economic downturn, and we were unable to raise the needed additional capital
as a mutual savings bank. The merger with NewBridge Bank allows us to maintain
our community-banking focus and return our attention to providing
comprehensive financial services to our clients and supporting the communities
we serve."

The merger has been approved by the Board of Directors of NewBridge and is
expected to close during the third quarter of 2013. The transaction is subject
to certain conditions, including regulatory approvals. Operational integration
is anticipated to begin in the fourth quarter of 2013.

NewBridge Bancorp was advised in this transaction by FIG Partners, LLC as
financial advisor and Brooks, Pierce, McLendon, Humphrey & Leonard, LLP as
legal advisor. Security Savings Bank was advised by Raymond James &
Associates, Inc. Brooks, Pierce, McLendon, Humphrey & Leonard, LLP also serves
as legal counsel to Security Savings Bank.

Disclosures About Forward-Looking Statements

The discussions included in this document and its exhibits may contain
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including Section 21E of the Securities
Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Such
statements involve known and unknown risks, uncertainties and other factors
that may cause actual results to differ materially. For the purposes of these
discussions, any statements that are not statements of historical fact may be
deemed to be forward-looking statements. Such statements are often
characterized by the use of qualifying words such as "expects," "anticipates,"
"believes," "estimates," "plans," "projects," or other statements concerning
opinions or judgments of NewBridge and its management about future events. The
accuracy of such forward-looking statements could be affected by factors
including, but not limited to, the financial success or changing conditions or
strategies of NewBridge's clients or vendors, fluctuations in interest rates,
actions of government regulators, the availability of capital and personnel or
general economic conditions.Additional factors that could cause actual
results to differ materially from those anticipated by forward-looking
statements are discussed in NewBridge's filings with the Securities and
Exchange Commission, including without limitation its annual report on Form
10-K, quarterly reports on Form 10-Q and current reports on Form
8-K.NewBridge undertakes no obligation to revise or update these statements
following the date of this press release.

About NewBridge Bancorp

NewBridge Bancorp is the bank holding company for NewBridge Bank, a full
service, state-chartered community bank headquartered in Greensboro, North
Carolina. The stock of NewBridge Bancorp trades on the NASDAQ Global Select
Market under the symbol "NBBC."

NewBridge Bank is the largest community bank in the Piedmont Triad Region of
North Carolina and 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 currently has assets of approximately $1.7 billion with 30 branches and
several loan production offices throughout North Carolina.

CONTACT: David P. Barksdale
         Senior Executive Vice President, Chief Strategy Officer
         (336) 369-0939
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