Exhibit 99.1

Contact:

Ramsey Hamadi, EVP and Chief Financial Officer

336-369-0900

NEWBRIDGE BANCORP REPORTS NET INCOME OF $1.1 MILLION FOR THE SECOND QUARTER

GREENSBORO, N.C., July 21, 2011 – NewBridge Bancorp (NASDAQ: NBBC), parent of NewBridge Bank, today reported results for the three and six month periods ended June 30, 2011. 

For the three months ended June 30, 2011, net income totaled $1.1 million compared to $854,000 for the quarter ended June 30, 2010. After dividends and accretion on preferred stock, the Company reported net income available to common shareholders of $411,000, or $0.02 per diluted share. In the prior year period, the Company had net income available to common shareholders of $124,000, or $0.01 per diluted share.

For the six months, net income totaled $2.2 million and net income available to common shareholders totaled $693,000, or $0.04 per common share, compared to net income of $1.2 million and a net loss available to common shareholders of ($234,000), or ($0.01) per common share, for the six months ended June 30, 2010.

Pressley A. Ridgill, President and Chief Executive Officer of NewBridge Bancorp, commented: “We are pleased to report positive results for the quarter. We were profitable for the seventh consecutive quarter, with earnings bolstered by a strong net interest margin, lower operating expenses and improving credit quality. Our net interest margin totaled 4.14% for the quarter, down 14 basis points from last quarter, but up 18 basis points from last year’s second quarter results. The linked-quarter decline in net interest margin was due primarily to added cash on the balance sheet due to last quarter’s sale of investments and the sale of the Harrisonburg, VA operations. Noninterest expense declined $900,000 from the prior year and asset quality trends remained favorable. Nonperforming assets, nonaccruing loans, other real estate owned and past due loans declined from last quarter resulting in less overall risk on the balance sheet and lower provision related expense on the income statement. The balance sheet is smaller, yet more profitable, and capital levels climbed to a high water mark. At quarter end the Company’s total risk based capital reached 14.72%, tier one leverage was 10.20%, and the Company’s tangible common equity to risk weighted assets was a BASEL III compliant 8.12%, compared to the anticipated future standard of 7.0%.”

Mr. Ridgill continued, “The slow economic recovery has contributed to weak loan demand and added challenges in growing earning assets. In an effort to offset declining earning asset trends, the Company is opening three new loan production offices in Raleigh, Asheboro and Morganton, North Carolina, which will be staffed by senior level, newly hired bankers. While the added loan production offices will increase noninterest expense in the short term, the Company is taking appropriate steps to offset the added costs through other initiatives. Since 2008, management has eliminated more than $14 million of annualized operating expense. Of greater importance, we believe the added investment in these new lenders will improve loan production.”

Net Interest Income

Net interest income declined $846,000, or 4.9%, to $16.5 million for the quarter compared to $17.4 million a year ago. For the six month period ending June 30, 2011, net interest income declined $706,000 to $33.9 million. The Company’s average earning assets declined $198.5 million from the prior year quarter, primarily in loans, which declined to an average balance of $1.30 billion for the June 2011 quarter. The Company completed the sale of $73 million of Virginia-based loans as part of the sale of its Harrisonburg operations during the June quarter. Net interest margin for the quarter improved 18 basis points over the prior year to 4.14%, which partially offset the decline in earning assets. For the six month period the net interest margin was 4.21%, which compares favorably to the prior year net interest margin of 3.96%. The improved margin for the three and six month periods is due primarily to lower cost on core deposits.

Balance Sheet

Excluding deposits sold in connection with the Harrisonburg operations sale, total deposits increased $25.9 million during the second quarter to $1.43 billion at June 30, 2011. Core deposits, defined as noninterest bearing demand accounts, savings, NOW and money market deposit accounts, increased 3%, or $26.8 million, during the quarter ended June 30, 2011. Core deposit accounts totaled 69% of the Company’s total deposits, or $991.2 million, at June 30, 2011 and had an all-in cost of 0.55%. For the year, core deposits excluding those sold in the Harrisonburg transaction, increased 6%, or $58.7 million. The Company continues to focus on growing profitable, low-cost core deposits. Excluding $29.2 million of time deposits sold in the

Harrisonburg sale, total time deposits declined $947,000 during the quarter to $435.9 million at June 30, 2011. Brokered and wholesale deposits were $76.0 million at June 30, 2011, or 5.3% of total deposits at that date. For the quarter ending June 30, 2011, the weighted average cost of deposits was 0.78%.

Net loan balances declined $84.2 million to $1.21 billion during the quarter ended June 30, 2011 due primarily to the sale of $73.0 million of loans from the branch sale. Excluding loans held for sale, the gross loan portfolio declined $10.3 milllion for the three month period and $16.3 million for the six month period, to $1.24 billion at June 30, 2011. New portfolio loan production totaled $38 million for the three-months ended June 30, 2011 and $93 million for the six-months ended June 30, 2011. Loan production is expected to improve later in the year due primarily to the addition of the new loan production offices.

Investment securities increased $15.4 million to $292.9 million during the second quarter. The increase was due in part to a $3.5 million increase in comprehensive income from changes in the fair market value of the investments. The largest change in value occurred in the fair value of the municipal security portfolio, which improved approximately $1.0 million from the prior quarter. The Company currently holds $16.5 million of municipal securities that have a cost basis of $17.4 million. At June 30, 2011, the Company had net gains in the investment portfolio of $3.5 million. During the first quarter of 2011, the Company sold $31.5 million of investments for a gain of $2.0 million. The Company elected to sell shorter-duration, odd-lot mortgage backed securities and corporate bonds that had significant gain positions.

The Company’s available liquidity was extensive during the June quarter due to strong core deposit growth, coupled with modest lending opportunities. Available borrowings, unencumbered investments and access to wholesale deposits exceeded $520 million at June 30, 2011. Shareholders’ equity increased $2.6 million for the quarter to $164.0 million as a result of income to shareholders and higher accumulated comprehensive income.

Noninterest Income

Noninterest income declined $1.5 million for the three months ending June 30, 2011 to $2.4 million, compared to the same period a year ago. Writedowns and losses on sale of other real estate owned (“OREO”) totaled $1.6 million, which was $0.9 million higher than the previous year’s second quarter, and accounted for the primary variance in noninterest income. Retail banking and mortgage banking, collectively, was $722,000 lower than the second quarter of the prior year due primarily to lower insufficient fund income and fewer mortgage loan sales; however, growth in wealth management income increased $128,000 to $626,000 for the three months ending June 30, 2011 compared to the same period a year ago. In the first quarter of 2011, the Company benefitted from a $2.0 million gain on the sale of securities. Consequently, noninterest income for the six month period ending June 30, 2011 was $6.9 million compared to the prior year of $6.4 million.

Noninterest Expense

Noninterest expense declined $889,000, or 5.7%, to $14.6 million for the quarter just ended compared to $15.5 million for the prior year’s second quarter. Over the last three years, the Company has reduced annual recurring operating expenses by approximately $14 million. In the second quarter, the declines in personnel, occupancy, furniture and equipment, technology and data processing, legal and professional, and FDIC assessments ranged from 2% to 30%. For the six-month period ending June 30, 2011, noninterest expense declined $2.0 million to $29.0 million compared to the same period a year ago. The Company remains focused on improving efficiencies and controlling costs.

Asset Quality

Nonperforming loans declined 4.6%, or $2.3 million, during the quarter to $47.7 million, with an overall reduction of $16.3 million since nonperforming loans peaked in June of 2009. Nonperforming loans represent 3.83% of total loans held for investment. Including OREO, total nonperforming assets declined $2.9 million during the quarter to $73.4 million, or 4.23% of total assets at June 30, 2011. Troubled debt restructured loans totaled $19.4 million of the $47.7 million of nonperforming loans. Accruing restructured loans totaled $8.4 million and non-accruing restructured loans totaled $11.0 million at June 30, 2011. Since the peak level of nonperforming assets, the Company has added $17.5 million to troubled debt restructured loans. The Company evaluates all troubled debt restructured loans at the time of the restructure for impairment, which typically results in the asset being moved to non-accrual. The Company’s highest risk and most closely monitored nonperforming assets are non-accruing loans excluding troubled debt restructures. These loans totaled $28.2 million at June 30, 2011, down $31.7 million, or 53%, since June 30, 2009. OREO balances declined $600,000 during the quarter. Potential problem loans crested later than many of the Company’s other credit metrics, rising through the third quarter of 2010. Over the last three quarters, potential problem credits declined 18%. The expected default rates and the anticipated loss given default experience remain around 5% of the potential problem portfolio.

At June 30, 2011, the allowance for credit losses totaled $28.0 million, 2.25% of total loans. The provision for credit losses declined $1.9 million to $3.0 million for the current quarter compared to the same period a year ago. Year to date provision expense totals $9.1 million compared to $8.7 million for the six months ending June 30, 2010. The Company’s allowance for credit losses as a percentage of nonperforming loans (“the coverage percentage”) increased slightly to 58.8% at June 30, 2011, compared to 58.1% at March 31, 2011 and 56.8% at December 31, 2010. The Company’s allowance for credit losses consists largely of general reserves, with 90% being general and 10% specific. The majority of estimated losses from the Company’s $47.7 million of non-performing loans have been previously recognized through chargeoffs. Since the current adverse credit cycle began in 2007, the Company has cumulatively charged off $129.3 million of loans and OREO, or 7.9% of our peak loan balance level. As a result, the Company’s allowance for credit losses is available almost in its entirety for the potential losses that exist in the Company’s watch list and other performing loans portfolio. The Company’s land acquisition, development and construction loans totals $79.2 million at June 30, 2011 and includes just $12.6 million of speculative residential construction and residential acquisition and development. This portfolio is largely graded as impaired or potential problem loans. The Company has taken average writedowns of 21% on impaired assets, further limiting its potential future exposure.

Outlook

Mr. Ridgill stated, “We anticipate credit costs will continue to trend down during the balance of the year and that 2011 will be profitable as core operating earnings are expected to exceed credit costs. As we look forward, we expect our net interest margin to experience some pressure from competitive loan pricing; however, we anticipate that it will remain at or above 4%. Loan demand was softer in the June quarter than expected; however, we believe the added investment in the new loan production offices will help the Company improve loan production from the current level.”

“We previously discussed our belief that sweeping consolidation will occur among financial institutions in North Carolina and that our Company is positioned to benefit from that eventuality.

At the present time, however, our best and most efficient opportunities are in acquiring relational and talented personnel. We will continue to evaluate the advisability of whole bank or branch acquisitions.”

“Previously, we communicated that the Company had applied to participate in the Small Business Lending Fund. The Company has withdrawn its application for the SBLF program since participation would likely require a capital offering of an estimated $15 million. Over the last two years, our stock price has continued to perform well and has begun to garner increased attention from the investment community. As our financial condition continues to improve, we believe there will be an opportunity to repay TARP funds by raising capital at a more attractive price.”

About NewBridge Bancorp

NewBridge Bancorp is the bank holding company for NewBridge Bank, a full-service, state-chartered community bank headquartered in Greensboro, North Carolina. The stock of NewBridge Bancorp trades on the NASDAQ Global Select Market under the symbol “NBBC.”

NewBridge Bank is the largest community bank in the 12-county Piedmont Triad Region of North Carolina and one of the largest community banks in the state. NewBridge Bank serves small to midsize businesses, professionals and consumers with a comprehensive array of financial services, including retail and commercial banking, private banking, wealth management, and mortgage banking. NewBridge Bank has assets of approximately $1.7 billion with 39 locations throughout North Carolina.

Disclosures About Forward Looking Statements

The discussions included in this document and its exhibits may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. For the purposes of these discussions, any statements that are not statements of historical fact may be deemed to be forward looking statements. Such statements are often characterized by the use of qualifying words such as “expects,” “anticipates,” “believes,” “estimates,” “plans,” “projects,” or other statements concerning opinions or judgments of NewBridge and its management about future events. The accuracy of such forward looking statements could be affected by factors including, but not limited to, the financial success or changing conditions or strategies of NewBridge Bancorp’s customers or vendors, fluctuations in interest rates, actions of government regulators, the availability of capital and personnel or general economic conditions. Additional factors that could cause actual results to differ materially from those anticipated by forward looking statements are discussed in NewBridge’s filings with the Securities and Exchange Commission, including without limitation its annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. NewBridge undertakes no obligation to revise or update these statements following the date of this press release.

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