NewBridge Bank Changes Executive's Title to Better Reflect Duties
GREENSBORO, N.C., Dec. 19, 2013 (GLOBE NEWSWIRE) -- NewBridge Bank has
announced a change of title for Spence H. Broadhurst, one of its key
executives, to better define the duties that comprise his position in the
Bank. His new title is senior executive vice president, chief banking officer,
effective immediately. His previous title was senior executive vice president,
chief sales officer.
Broadhurst will continue to oversee the Bank's five distinct lines of
business: commercial banking, private banking, retail banking, mortgage
banking and wealth management. He will continue to report to Pressley A.
Ridgill,NewBridge Bank's president and chief executive officer.
"As NewBridge Bank fulfills our vision of being a high performing community
bank, it's critical that our existing clients, communities, teammates,
shareholders and regulatory agencies understand the roles and responsibilities
of each member of the executive management team," said Ridgill. "Since joining
the team earlier this year, Spence has effectively established his leadership
of the Bank's five lines of business. We feel the title of chief banking
officer better reflects his role within the Bank and is more widely accepted
in the financial services industry."
Also continuing to report to Mr. Ridgill are David P. Barksdale, senior
executive vice president, chief strategy officer; Robin S. Hager, senior
executive vice president, chief administrative officer; Ramsey K. Hamadi,
senior executive vice president, chief financial officer; and William W. Budd,
Jr., senior executive vice president, chief credit officer. Their titles and
areas of responsibility remain the same.
About NewBridge Bank
NewBridge Bank is a full-service, state-chartered community bank headquartered
in Greensboro, North Carolina. As 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 $2.0 billion
with 36 branches and several loan production offices 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: Jillian Gibson
1st Vice President, Director of Marketing
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