NewBridge completes merger with CapStone - Winston-Salem Journal: Business Beat

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NewBridge completes merger with CapStone

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Posted: Tuesday, April 1, 2014 10:02 am

NewBridge Bancorp said today it has completed its merger with CapStone Bank of Raleigh, which bolsters its total assets to $2.4 billion and adds four branches.

The deal was announced Nov. 1 and valued at $63.6 million at that time. CapStone has branches in Cary, Clinton, Fuquay-Varina and Raleigh, with total assets of $381.6 million as of Dec. 31. It has 53 employees.

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