Yadkin Financial

The original bank was opened in 1968. However, in three years Yadkin Valley Bank grew significantly by the acquisition of two other regional banks (Main Street Bankshares, Inc. in June 2002, operating as "Piedmont Bank", and High Country Financial Corporation in January 2004, operating as "High Country Bank") and a mortgage broker (Sidus Financial LLC in October 2004), as well as opening new branch locations. Piedmont Bank and High Country Bank were reorganized as divisions of Yadkin Valley Bank but maintained their names and logos. Sidus remained as a wholly owned subsidiary. Yadkin Valley Bank and its divisions operated 23 full-service branch locations. As of December 31, 2005, the company achieved a milestone in the bank's history by reaching the US$1 billion mark in total assets for the first time. On July 1, 2006, the company reorganized into a holding company, becoming Yadkin Valley Financial Corporation. Yadkin Valley Bank announced in June 2007 that it was buying Cardinal State Bank of Durham, North Carolina. The purchase is the bank's first entry into the Triangle market. The completion of the deal gave Yadkin Valley 28 branches in 11 North Carolina counties. Yadkin Valley Bank acquired American Community Bank of Monroe, North Carolina, in 2009. With $1.9 billion in assets and 36 branches, Yadkin Valley Bank would become Yadkin Bank and its NASDAQ symbol would change from YAVY to YDKN. ==History of VantageSouth==

In 2005, VantageSouth began in Burlington, North Carolina. In 2010, Piedmont bought a majority stake in VantageSouth. On October 5, 2011, it was announced that Piedmont would buy VantageSouth, which had two branches in Burlington, $91 million in assets and $73 million in deposits, and that the company would take the name VantageSouth. Piedmont had a controlling interest in VantageSouth and in Salisbury, North Carolina–based Community Bank of Rowan, which would also merge with the company. On October 24, 2011, Piedmont announced it would acquire a controlling interest in Cary, North Carolina–based Crescent Financial Bancshares, parent of Crescent State Bank. Abram would become Crescent chairman, and Piedmont president and former RBC Bank CEO Scott Custer would be Crescent CEO. In August 2012, Crescent announced a merger with VantageSouth, On September 25, 2012, Crescent and Engelhard, North Carolina–based East Carolina Bank, with 25 branches, announced their merger. Once the East Carolina deal was completed, VantageSouth had 45 branches in central and eastern North Carolina and $2 billion in assets. It was announced in January 2014 that five of those will close. ==History of Yadkin Financial==

On January 27, 2014, Yadkin Financial and VantageSouth announced a "merger of equals". The completion of the merger happened July 4 and the VantageSouth disappeared. Signs were to be changed by September. On March 1, 2016, Yadkin Financial and NewBridge Bancorp completed a $456 million deal, which gave Yadkin $7.3 billion in assets and 110 branches. Yadkin had few branches in the Piedmont Triad, where NewBridge had most of its locations. Even before changing the signs on NewBridge branches, Yadkin agreed to a $1.4 billion deal with FNB Corporation of Pittsburgh. With the completion of the FNB deal, conversion of Yadkin Bank branches to First National Bank took place March 11, 2017. ==External links==