M&A Deal Summary

NewBridge Bancorp. Acquires Security Savings Bank

On October 2, 2013, NewBridge Bancorp. acquired financial services company Security Savings Bank

Acquisition Highlights
  • This is NewBridge Bancorp.’s 2nd transaction in the Financial Services sector.
  • This is NewBridge Bancorp.’s 2nd transaction in the United States.
  • This is NewBridge Bancorp.’s 1st transaction in Illinois.

M&A Deal Summary
Date 2013-10-02
Target Security Savings Bank
Sector Financial Services
Buyer(s) NewBridge Bancorp.
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Brooks, Pierce, McLendon, Humphrey & Leonard (Legal)

Target

Security Savings Bank

Monmouth, Illinois, United States
Security Savings Bank operates six branches and one loan production office in Brunswick County, N.C.

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Buyer(S) 1

Buyer

NewBridge Bancorp.

Greensboro, North Carolina, United States
Category Company
Sector Financial Services
Employees457
Revenue 102M USD (2014)
DESCRIPTION

NewBridge Bancorp. is a bank holding company for NewBridge Bank a full-service state-chartered community bank. NewBridge Bancorp is based in Greensboro, North Carolina.

DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Illinois) 1 of 1
Country (United States) 2 of 3
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-31 Bradford Mortgage Co

Winston-Salem, North Carolina, United States

Bradford Mortgage Co LLC is a provider of mortgage loans services to real estate, builders and home buyers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-08 Premier Commercial Bank

Greensboro, North Carolina, United States

Premier operates one full-service banking office centrally located in Greensboro and residential mortgage origination offices in Greensboro, Charlotte, Raleigh, High Point, Kernersville and Burlington, N.C.

Buy -
Mergr

Product

Company

Legal