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8-K - FORM 8-K - YADKIN FINANCIAL Corp | g24477e8vk.htm |
EX-10.1 - EX-10.1 - YADKIN FINANCIAL Corp | g24477exv10w1.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
For More Information, please contact:
Media Contact:
Jan H. Hollar
(704)768-1161
Jan.Hollar@YadkinValleyBank.com
Media Contact:
Jan H. Hollar
(704)768-1161
Jan.Hollar@YadkinValleyBank.com
August 24, 2010
Yadkin Valley Financial Corporation COO Stephen Robinson Announces Retirement
Elkin, N.C. Bill Long, CEO of Yadkin Valley Financial Corporation (NASDAQ:YAVY) announced today
that Executive Vice President and Chief Operating Officer Stephen S. Robinson is retiring at the
end of the year.
Robinson has been an executive of Yadkin Valley Bank since 2002. He served in a variety of
positions including Mooresville City Executive, Statesville City Executive and Regional President
for Piedmont Bank before assuming the Chief Operating Officer position for the parent company,
Yadkin Valley Financial Corporation.
Not only is Steve Robinson a friend but he has been a trusted, loyal executive for Yadkin Valley
Bank, and we appreciate his hard work and devotion to the success of our company, Bill Long,
Yadkin Valley President and CEO, said. Steve Robinson will be missed by many customers and
employees as he moves on toward retirement. All of us wish Steve the very best for years to come.
Regarding his retirement, Robinson said I have truly enjoyed a 40 year career of serving others
and look forward to what the future holds. I will sincerely miss the customers and employees of our
bank and wish them the best in the future.
Robinson will remain with the $2.1 billion asset bank until the end of the year, supporting the
transition of leadership. Joseph H. Towell, Executive Vice President and Chief Credit Officer, will
assume the additional responsibilities of Chief Operating Officer formerly held by Robinson.
To learn more about Yadkin Valley Bank, please visit YadkinValleyBank.com.
About Yadkin Valley Financial Corporation
Yadkin Valley Financial Corporation is the holding company for Yadkin Valley Bank and Trust, a
full-service community bank with 42 branches distributed across a five-bank network in North and
South Carolina. Yadkin Valley Bank serves Ashe, Forsyth, Surry, Wilkes, and Yadkin Counties.
Piedmont Bank serves Iredell and Mecklenburg Counties. High Country Bank serves Avery and Watauga
Counties. Cardinal State Bank serves Durham, Orange, and Granville Counties. American Community
Bank serves Union and Mecklenburg counties in NC and York and Cherokee counties in SC. The Bank
also operates a loan production office in Wilmington, NC. Mortgage lending services are provided
through its subsidiary, Sidus Financial, LLC, headquartered in Greenville, North Carolina.
Brokerage services are provided by its subsidiary, Main Street Investment Services, headquartered
in Statesville, NC. Yadkin Valley Financial Corporations website is www.yadkinvalleybank.com.
Yadkin Valley shares are traded on NASDAQ under the symbol YAVY.