ELKIN, NC -- (Marketwired) -- 12/27/13 -- Yadkin Financial Corporation (NASDAQ: YDKN) announced today the resignation of Director James N. Smoak, effective December 20, 2013. Mr. Smoak has served as a director since 1987, and served as Chief Executive Officer of legacy Yadkin Valley Bank from 1997-2002.
President and Chief Executive Officer Joe Towell said, "Jim has a long history with our Bank, both as an executive and valued Board member. We wish him well as he has chosen to shift his focus away from an official capacity with the Company."
The Company does not anticipate immediately filling the vacancy on the Board at this time.
About Yadkin Financial Corporation
Yadkin Financial Corporation is the holding company for Yadkin Bank, a full-service community bank with 33 branches throughout its two regions in North Carolina and South Carolina. The Western Region serves Avery, Watauga, Ashe, Surry, Wilkes, Yadkin, Durham, and Orange Counties. The Southern Region serves Iredell, Mecklenburg, and Union Counties in North Carolina, and Cherokee and York Counties in South Carolina. The Bank provides mortgage-lending services through its mortgage division, Yadkin Mortgage, headquartered in Greensboro, NC. Securities brokerage services are provided by Yadkin Wealth, Inc., a Bank subsidiary with offices throughout the branch network. Yadkin Financial Corporation's website is www.yadkinbank.com. Yadkin shares are traded on NASDAQ under the symbol YDKN.
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