Question for the Bankrupt Mayor of Greensboro N.C. Robbie Perkins?

  DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; APPOINTMENT OF PRINCIPAL OFFICERS.

 

(b)          On October 16, 2012, Robert V. Perkins gave notice of his resignation from the Boards of Directors of NewBridge Bancorp (the “Company”) and NewBridge Bank (the “Bank”).

 

Mr. Perkins indicated that his decision to resign is due to increased family and business responsibilities, including his position as Mayor of the City of Greensboro, all of which have caused him to reduce his activities in other areas. Mr. Perkins’ decision to resign was not the result of any disagreement with the Company or its management.

 

The Boards of Directors of the Company and the Bank express their sincere appreciation for Mr. Perkins’ service to the Company and the Bank.

 

3

FROM N&R AND COURT DOCS:

The judge’s order said Perkins “deliberately” lowered his income by resigning from the NewBridge Bank directors board.

Robbie Perkins responded, saying he had to resign because he could not pay the home equity line owed to the bank for the couple’s house.

 

WHAT GIVES ?