Yadkin Bank Announces Official Conversion
Executives Commemorate Merger with Sign Unveiling.
- Raleigh-Durham-Chapel Hill, NC (1888PressRelease) September 23, 2014 - Today, Yadkin Bank completed its conversion to reflect the merger-of-equals announced earlier this year between Yadkin and VantageSouth Banks. The combined franchise, retaining the Yadkin Bank name, will be the largest community bank headquartered in North Carolina with approximately $4.0 billion in assets.
The new Yadkin Bank has an expanded footprint to provide hands-on, personalized service to customers at 73 branches in 56 cities across North and South Carolina. After today, all branches will display Yadkin Bank signage and branding.
"It's an exciting time as we recognize the union of two reputable and community-centered banks," said Scott Custer, CEO. "We are better positioned to serve customers' financial needs with enhanced product offerings, expanded resources, and greater accessibility across the Carolinas, under one brand. In addition, we will continue to deliver the best-in-class customer experience."
Yadkin Bank executives - Scott Custer, CEO; Terry Earley, CFO; Steve Jones, Chief Banking Officer; Chris Moore, Regional President - officiated the ceremony at its Six Forks Branch location in Raleigh with Joanne Butler, the branch manager, and bank employees. For more information on Yadkin Bank, visit www.yadkinbank.com.
About Yadkin Bank
Yadkin Financial Corporation is the holding company for Yadkin Bank, a full-service state-chartered community bank providing services in 73 branches across North Carolina and upstate South Carolina. Serving over 80,000 customers, the company has assets of 4.0 billion dollars. The Bank's primary business is providing banking, mortgage, investment and insurance services to residents and businesses across the Carolinas. The Bank provides mortgage-lending services through its mortgage division, Yadkin Mortgage, headquartered in Greensboro, NC. The Bank's SBA Lending (Government Guaranteed Lending) is headquartered in Charlotte, NC. Yadkin Financial Corporation's website is www.yadkinbank.com. The common stock is traded on the NYSE under the symbol YDKN.
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