Thursday, February 25, 2016

NewBridge, Yadkin shareholders sign off on bank merger

Shareholders for NewBridge Bank and Yadkin Bank signed off on the merger of the two North Carolina financial institutions in votes held Tuesday in Greensboro and Raleigh. It is a final hurdle to clear before the banks combine, with the leadership of both banks expecting to cement the deal on March 1. Shareholders of Greensboro-based NewBridge Bank (NASDAQ:NBBC) voted overwhelmingly in favor of the bank's sale to Raleigh-based Yadkin in a deal valued at $456 million. Among those NewBridge shareholders…


from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/news/2016/02/25/newbridge-yadkin-shareholders-sign-off-on-bank.html

No comments:

Post a Comment