State and federal regulators have signed off on the acquisition of NewBridge Bank by Yadkin Bank, the banks announced Tuesday. It's one of the final hurdles to clear before the $456 million deal is completed. It is now expected to close March 1. Still to come is a vote by Yadkin (NYSE:YDKN) and NewBridge (NASDAQ:NBBC) shareholders, slated to take place on Feb. 23. The two banks are moving toward the merger more quickly than anticipated when the deal was announced in October. At that time, leaders…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal http://www.bizjournals.com/charlotte/blog/bank_notes/2016/02/regulators-sign-off-on-yadkin-newbridge-bank.html
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