Yadkin Valley Bank and Trust (NASDAQ: YAVY) is a regional bank operating in the northwestern and Piedmont sections of North Carolina. The bank is headquartered in Elkin, North Carolina.
The original bank was opened in 1968. However, in the last three years Yadkin Valley Bank has grown 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 remains as a wholly owned subsidiary.
Yadkin Valley Bank and its divisions operate 23 full-service branch locations and as of December 31, 2005, 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.
Read more about Yadkin Valley Bank And Trust: Recent Acquisitions
Famous quotes containing the words valley, bank and/or trust:
“As I went forth early on a still and frosty morning, the trees looked like airy creatures of darkness caught napping; on this side huddled together, with their gray hairs streaming, in a secluded valley which the sun had not penetrated; on that, hurrying off in Indian file along some watercourse, while the shrubs and grasses, like elves and fairies of the night, sought to hide their diminished heads in the snow.”
—Henry David Thoreau (1817–1862)
“Life is a long Dardenelles, My Dear Madam, the shores whereof are bright with flowers, which we want to pluck, but the bank is too high; & so we float on & on, hoping to come to a landing-place at last—but swoop! we launch into the great sea! Yet the geographers say, even then we must not despair, because across the great sea, however desolate & vacant it may look, lie all Persia & the delicious lands roundabout Damascus.”
—Herman Melville (1819–1891)
“Most childhood problems don’t result from “bad” parenting, but are the inevitable result of the growing that parents and children do together. The point isn’t to head off these problems or find ways around them, but rather to work through them together and in doing so to develop a relationship of mutual trust to rely on when the next problem comes along.”
—Fred Rogers (20th century)