NewBridge Bancorp · Greensboro, NC United States ·(NASDAQ (GS): NBBC)
Company Description
Phone: 336-369-0900
Fax: 336-242-6208
Toll Free: 800-991-4243
View NewBridge Bancorp Locations On A US Map
This link will open in a new window
This link will open in a new window Even though North Carolinians love their sweet potatoes (the state is the veggie's top US producer), NewBridge Bancorp shows a marked preference for "lettuce." Formerly LSB Bancshares, the holding company owns NewBridge Bank (formerly Lexington State Bank and FNB Southeast), which operates about 40 branches and a half dozen loan production offices in North Carolina and Virginia. The bank offers personal and business banking products and services, including checking and savings accounts and loans. Through a partnership with Raymond James Financial it offers securities and investment advisory services and insurance products. To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key NewBridge Bancorp Financials
| Company Type | Public - NASDAQ (GS): NBBC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $84.7 |
| 2008 Employees | 520 |
NewBridge Bancorp Executives
24 executives listed for NewBridge Bancorp's Greensboro, NC location.
| Title | Name & Bio | Contact |
| Chairman, NewBridge Bancorp and NewBridge Bank | Michael Albert | Network |
| Vice Chairman | Barry Dodson | Network |
| President, CEO, and Director, NewBridge Bancorp and NewBridge Bank | Pressley Ridgill | Network |
Competition
Competitive Landscape for NewBridge Bancorp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top NewBridge Bancorp Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!