Website: N/A
Stock Symbol: NASDAQ: YAVY
Market Value: N/A (in millions)
Corporate history and address. Yadkin Valley Financial Corporation (the
“Company” or “Yadkin”) is a bank holding company incorporated under the laws of
North Carolina to serve as the holding company for Yadkin Valley Bank and Trust
Company (the “Bank”), a North Carolina chartered commercial bank with its
deposits insured by the Federal Deposit Insurance Corporation (“FDIC”) up to
applicable limits. The Bank is not a member of the Federal Reserve System
(“Federal Reserve”). The Bank began operations in 1968. Effective July 1, 2006
the Bank was reorganized and the Bank became the Company’s wholly owned
subsidiary.
On July 31, 2002, the Bank acquired Main Street BankShares, Inc. and its
subsidiary, Piedmont Bank, of Statesville, North Carolina and continues to
operate the former Piedmont Bank offices under the assumed name “Piedmont Bank,
a division of Yadkin Valley Bank and Trust Company.