NewBridge Bancorp in Greensboro, N.C., has created three commercial banking groups.

The $2.4 billion-asset company said in a press release Wednesday that the divisions will focus on commercial banking, commercial real estate and business banking.

The commercial real estate group will serve corporate clients with annual revenue of $25 million to $250 million that have real estate lending needs. Meanwhile, the other divisions will handle banking needs for corporations with less than $25 million of annual revenue.

"We think businesses are best served by a financial partner that offers an approach tailored to their specific banking needs, supported by professional expertise and custom capabilities which recognize that companies of varying types and sizes have unique requirements," Spence Broadhurst, NewBridge's chief banking officer, said in the release.

Tim Ignasher was promoted to become director of commercial banking. Ignasher, a 25-year commercial banking veteran, recently served as a regional commercial banking manager at NewBridge. The company also named Marianne Chaney as its director of commercial real estate. Her banking career spans more than two decades. Chaney and Ignasher will work in the bank's Charlotte, N.C., office.

The company also said that it had hired Chip Dudney as a director of business banking based in NewBridge's Raleigh, N.C., office.

The executives will report to Broadhurst.

The creation of the divisions comes just two months after NewBridge launched a middle-market banking group that also focuses on companies in North Carolina and South Carolina with annual revenue of $25 million to $250 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.