NEWBRIDGE BANCORP June 18, 2015
Solutions-based strategic partnerships and new teammates provide enhanced client experience
Greensboro, N.C. - NewBridge Bank, the principal subsidiary of NewBridge Bancorp (NASDAQ: NBBC), announced it is broadening the scope and scale of its commercial treasury services capabilities with three new strategic partnerships. NewBridge Bank has also hired additional treasury services professionals to complement its existing team and fulfill a new treasury services delivery model for onboarding and servicing clients.
Working in conjunction with a leading provider of treasury services, NewBridge Bank will provide comprehensive solutions for business collections, payments, and cash position management that complement its existing treasury capabilities. It will enable clients to access these services across a wider U.S. geography. Enhancements will include a nationwide lockbox network, with access to healthcare receivables processing, electronic lockbox and purchasing cards with advanced online reporting, controls and custom supplier onboarding support.
The Bank has also announced a partnership with Dunbar Armored, a leader in providing secure cash logistics solutions, to provide its Cash Manager Safe® product, as well as traditional vault services, to businesses. The Dunbar Cash Manager Safe® solution, with on-site pickup of cash receipts, allows businesses to increase productivity by reducing trips to a bank, reducing risk of loss or theft, and accelerating credit and availability of cash receipts to their accounts.
Additionally, NewBridge Bank has partnered with NetSpend®, A TSYS Company, to provide the Skylight® PayOptionsTM Program, an innovative, secure and convenient payroll card solution that assists organizations in achieving 100% paperless payroll for employees. Clients who process payroll using the Skylight PayOptions Program will benefit from an affordable, easy to implement, and secure payroll solution that provides a trustworthy alternative for employees who do not have a traditional bank account.
"These partnerships demonstrate our commitment as an innovative provider of treasury solutions and create new opportunities for our clients to accomplish their business cash flow objectives," said Walter Bridgeman, senior vice president and head of treasury services for NewBridge Bank. "From providing nationwide treasury management capabilities to on-site cash vaults to paperless payroll, we are focused on solutions that enable our commercial clients to increase efficiency, productivity, and safety."
Bridgeman also announced a new model for delivering the Bank's comprehensive suite of treasury services which includes consultative sales, operational implementation and ongoing support. Two new treasury services professionals have joined the team to assist with this client-centric process. Sophia Bahhur has been named vice president and treasury sales officer, and Carrie Pressly has been named assistant vice president and treasury services client specialist.
With 12 years' of banking experience, Sophia Bahhur will lead the Bank's treasury sales efforts in its Triangle and Wilmington area offices as well as the Eastern region of North Carolina. She joins Becky Berolatti, 1st vice president and treasury sales officer serving the Charlotte metropolitan area and the Triad as well as the Bank's South Carolina offices in Greenville and Charleston. Together, these professionals form a footprint-wide consultative sales team that focuses on improving clients' business collections, payments and cash position processes via sophisticated treasury services solutions.
Upon identifying the treasury opportunities for clients, the Bank's treasury sales officer will collaborate with Allison Wynne, treasury services implementation coordinator, to seamlessly transition clients into their NewBridge Bank products and services. Wynne, who joined the Bank earlier this year and works in the Bank's Charlotte office, has the operational expertise to manage product and service implementation while continuously communicating with the client to ensure an exemplary experience with NewBridge Bank.
The final phase of NewBridge Bank's unique treasure services delivery model provides for ongoing client support. Carrie Pressly will serve as a dedicated client services specialist for treasury services clients. Based out of Charleston, S.C., Pressly will be easily accessible to clients through a toll-free treasury services telephone number and email address.
"We believe this is an outstanding delivery model for clients with complex treasury needs," said Bridgeman. "With our expanding capabilities and robust team of dedicated treasury services professionals, NewBridge Bank provides valued clients with new avenues for end-to-end client supply chain efficiency and a best-in-class financial partnership."
About NewBridge Bank
NewBridge Bank, the principal subsidiary of NewBridge Bancorp (NASDAQ: NBBC), is a $2.7 billion community-focused bank headquartered in Greensboro, North Carolina. Through 41 full-service branches, NewBridge Bank provides a comprehensive array of personal financial solutions including banking, lending and wealth management services. The Bank's expert commercial teams provide customized lending services, including SBA loans, along with sophisticated deposit and treasury management solutions to small businesses and middle market corporations. With continuous operations dating back to 1910 in the Piedmont Triad Region of North Carolina (Greensboro-Winston-Salem-High Point), NewBridge Bank's served markets have expanded to also include Charlotte-Gastonia-Concord, Raleigh-Durham-Chapel Hill, and Wilmington in North Carolina, and Greenville-Spartanburg and Charleston in South Carolina. To make NewBridge Bank your preferred financial partner, please visit us in our offices or online at www.newbridgebank.com.
About The Dunbar Companies
America's largest independent,100% American-owned, full-service security organization is comprised of seven strategic business units including: Dunbar Armored - America's largest independent armored transportation carrier serving major retailers, financial institutions and government entities nationwide; Dunbar Cash Vault Services - state-of-the-art money rooms providing a complete line of cash management services to major banks and retailers; Dunbar Global Logistics - providing secure transportation solutions for the movement of vulnerable cargo worldwide; Dunbar Security Products - designer and distributor of the world's finest security containers and security-related business products; Dunbar Protective Services - supplier of professionally-trained, uniformed guards and physical security services ; Dunbar Security Systems - designer and installer of electronic alarm and 24-hour monitoring systems supported by a UL®-approved central station. Dunbar Cybersecurity - providing proactive, cutting-edge cyber security solutions to financial and retail markets via on-demand technology offerings; Dunbar - The Most Trusted Name In Security.® www.dunbararmored.com
About TSYS
At TSYS® (NYSE: TSS), we believe payments should revolve around people, not the other way around. We call this belief People-Centered Payments®. By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend®, A TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS' headquarters are located in Columbus, Ga., U.S.A., with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS is a member of The Civic 50 and was named one of the 2015 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more, please visit us at www.tsys.com.
Contact:
Jillian Crone
1st Vice President, Director of Marketing
(336) 369-0916
|
distributed by
|
