NewBridge Bank and CapStone Bank to Merge

NewBridge Bank and CapStone Bank to Merge

GREENSBORO, N.C. and RALEIGH, N.C., Nov. 1, 2013 (GLOBE NEWSWIRE) -- NewBridge
Bancorp ("NewBridge") (Nasdaq:NBBC) and CapStone Bank ("CapStone")
(OTCQB:CPSE) today announced the signing of a definitive agreement of
combination. The combination will result in a community bank with total assets
of $2.5 billion and a significant banking presence in the top four metro
markets in North Carolina.

Based upon September 30, 2013 financials and NewBridge's recently announced
acquisition of Security Savings Bank, the combined bank will have total loans
of approximately $1.7 billion, deposits of $1.9 billion and 40 offices across
the state. The combined bank will operate as NewBridge Bank with headquarters
in Greensboro, N.C.

"This combination will create one of the largest community banks in North
Carolina and further establishes NewBridge Bank as a strategically active
acquirer in the Carolinas and Virginia," said Pressley A. Ridgill, president
and chief executive officer of NewBridge Bancorp and NewBridge Bank.
"CapStone's exceptional reputation and tremendous success in the Triangle are
admired throughout the industry, and we are honored to be partnering with
them. Welcoming their team members and clients to NewBridge will significantly
bolster our existing presence in the Triangle while offering clients of both
banks expanded office locations throughout North Carolina. Of equal
importance, we believe shareholders of both institutions will benefit from the
combination of these thriving community banks."

Commenting on the combination, Mike Patterson, chairman, president and chief
executive officer of CapStone Bank, stated, "We are very pleased to be joining
with NewBridge. Both CapStone and NewBridge are vibrant, values-based
financial institutions with similar corporate cultures and clientele. We
believe joining forces with NewBridge creates a beneficial situation for all
of CapStone's constituencies. Our clients will enjoy a larger footprint
spanning from Charlotte to Wilmington, and the communities we serve will
benefit from NewBridge's broader range of products and services. Our employees
will join a larger company with more opportunities for advancement and we
believe our shareholders will benefit from the significant earnings potential
of a $2.5 billion bank."

Under the terms of the agreement, CapStone's shareholders will receive 2.25
shares of NewBridge common stock for each share of CapStone common stock. This
implies a deal value of $16.60 per share, or approximately $63.6 million,
based on NewBridge's average closing stock price over the last 10 trading
days. CapStone shareholders are expected to own approximately 22% of the
resulting company.

The merger was unanimously approved by the boards of directors of each
company. The combination, which is subject to shareholder and regulatory
approval, is expected to close in the first quarter of 2014. The rebranding of
CapStone offices is anticipated to occur in the second quarter of 2014.

NewBridge Bancorp was advised in this transaction by FIG Partners, LLC as
financial advisor and Brooks, Pierce, McLendon, Humphrey, and Leonard, LLP as
legal advisor. CapStone Bank was advised by Raymond James & Associates, Inc.
as financial advisor and Wyrick Robbins Yates and Ponton LLP as legal advisor.

Disclosures About Forward-Looking Statements

The discussions included in this press release 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
or CapStone and their respective 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
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 (the
"SEC"), 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, N.C. The
stock of NewBridge Bancorp trades on the NASDAQ Global Select Market under the
symbol "NBBC."

As one of the largest community banks in North Carolina, 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 $2 billion and36 branches and several loan production offices
throughout North Carolina.

About CapStone Bank

Headquartered in Raleigh, N.C., with branches in Cary, Clinton, Fuquay-Varina
and Raleigh, CapStone Bank provides a full range of commercial and retail
banking services with a special focus on serving the deposit and lending needs
of small-to-mid-sized businesses, operating companies, and professionals. In
addition to its business relationships, CapStone offers comprehensive personal
banking products and services to effectively serve individual customers and as
an enhancement to its commercial relationships services. CapStone's philosophy
is quite simple – to provide an unprecedented level of "high-touch" service
delivered by a local team of experienced, knowledgeable bankers, backed by
competitive technology. For more information, visit

Additional Information About the Merger and Where to Find It

In connection with the proposed merger, NewBridge will file with the SEC a
registration statement on Form S-4 to register the shares of NewBridge common
stock to be issued to the shareholders of CapStone. The registration statement
will include a joint proxy statement/prospectus which will be sent to the
shareholders of NewBridge and CapStone seeking their approval of the merger
and related matters. In addition, NewBridge and CapStone may file other
relevant documents concerning the proposed merger with the SEC.


Investors and shareholders may obtain free copies of these documents through
the website maintained by the SEC at Free copies of the joint
proxy statement/prospectus also may be obtained by directing a request by
telephone or mail to NewBridge Bancorp, 1501 Highwoods Boulevard, Suite 400,
Greensboro, N.C. 27410, Attention: Investor Relations (telephone:
336-369-0900), or CapStone Bank, 4505 Falls of Neuse Road, Suite 150, Raleigh,
N.C. 27609, Attention: Investor Relations (telephone: 919-256-6803), or by
accessing NewBridge's website at www.newbridgebank.comunder "Investor
Relations" or CapStone's website at www.capstonebank.comunder "Investor
Relations." The information on NewBridge's and CapStone's websites is not, and
shall not be deemed to be, a part of this release or incorporated into other
filings either company makes with the SEC.

NewBridge and CapStone and their respective directors and executive officers
may be deemed to be participants in the solicitation of proxies from the
shareholders of NewBridge and/or CapStone in connection with the merger.
Information about the directors and executive officers of NewBridge is set
forth in the proxy statement for NewBridge's 2013 annual meeting of
shareholders filed with the SEC on March 25, 2013. Information about the
directors and executive officers of CapStone is set forth in the proxy
statement for CapStone's 2013 annual meeting of shareholders. Additional
information regarding the interests of these participants and other persons
who may be deemed participants in the merger may be obtained by reading the
joint proxy statement/prospectus regarding the merger when it becomes

CONTACT: Pressley A. Ridgill
         President and Chief Executive Officer
         NewBridge Bank
         (336) 369-0900
         Michael S. Patterson
         Chairman, President, and Chief Executive Officer
         CapStone Bank
         (919) 256-6802
Press spacebar to pause and continue. Press esc to stop.