NewBridge Bancorp (NBBC) in Greensboro, N.C., has completed its redemption of preferred stock tied to the Troubled Asset Relief Program.

The $2 billion-asset company said in a press release Monday that it had redeemed $15 million in preferred stock. NewBridge also paid $172,500 in accrued and unpaid dividends.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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