Yadkin Financial To Acquire NewBridge Bancorp - Quick Facts

(RTTNews) - Yadkin Financial Corp. (YDKN) and NewBridge Bancorp (NBBC) announced a definitive merger agreement, pursuant to which Yadkin will acquire NewBridge. Yadkin will acquire 100% of the outstanding shares of NewBridge in exchange for shares of Yadkin's common stock. The exchange ratio has been fixed at 0.50 shares of Yadkin's common stock for each share of NewBridge which equates to a deal value of $11.40 per share, or approximately $456 million in the aggregate.

Upon closing of the merger, Yadkin Financial Corporation shareholders will own approximately 61.3% of the combined company and NewBridge Bancorp existing shareholders will own approximately 38.7% of the combined company. The name of the holding company will remain Yadkin Financial Corporation.