Yadkin Valley Financial Corporation (Yadkin) is a bank holding company that operates through its wholly owned subsidiary, Yadkin Valley Bank and Trust Company (the Bank). The Bank is a state-chartered commercial bank. The Bank operates in the central Piedmont and the northwestern region of North Carolina. In April 2008, Yadkin completed the acquisition of Cardinal State Bank. The company was founded in 1968 and is headquartered in Elkin, North Carolina.
In January the company began participating ion the Treasury Department’s Capital Purchase Program. Under the program Yadkin received $36 million in exchange for preferred stock and warrants. Yadkin recently announced plans to purchase American Community Bancshares Inc. and its American Community Bank subsidiary. The plan is controversial with at least one of Yadkin’s board members.
Resources
Bank Bio Chart | Financial Documents | Federal contracts
Lobbying reports | Political Contributions | Related Articles
Bailout Bank Bio: Yadkin Valley Bank
|
Federal Equity Investment |
|
|
Total Revenue |
|
|
Net Income |
|
|
Number of Employees |
337 |
|
Corporate Headquarters |
Elkin, North Carolina |
|
Business Sector |
Bank |
|
Officers and Directors |
Long, William, President, Chief Executive Officer, Director |
|
Corporate Website |
|
|
Executive Compensation |
2008 Yadkin Valley 10-K (Annual Report)
Yadkin Valley Press Release Merger
2007 Yadkin Valley Annual Report
No federal contracts located.
No lobbying reports located.
Center for Responsive Politics (last accessed 04/29/2009)
February 18, 2009 Report: Board member opposes Yadkin Valley buy (Triangle Business Journal)
February 13, 2009 Net income falls for Yadkin Valley Bank (The Business Journal)
February 5, 2009 Market Report — In Play (YAVY) (MSN Money)
September 10, 2008 Yadkin Valley to buy American Community Bank for $92M (Triangle Business Journal)
Last Updated April 29, 2009
Get Social