Business & Finance
Tue, April 14, 2009Mon, April 13, 2009Fri, April 10, 2009Thu, April 9, 2009Wed, April 8, 2009Tue, April 7, 2009Mon, April 6, 2009Sun, April 5, 2009Fri, April 3, 2009Thu, April 2, 2009Wed, April 1, 2009Tue, March 31, 2009Mon, March 30, 2009Sun, March 29, 2009Fri, March 27, 2009Thu, March 26, 2009Wed, March 25, 2009Tue, March 24, 2009Mon, March 23, 2009Fri, March 20, 2009Thu, March 19, 2009Wed, March 18, 2009Tue, March 17, 2009Mon, March 16, 2009Fri, March 13, 2009Thu, March 12, 2009Wed, March 11, 2009Tue, March 10, 2009Yadkin Valley Financial Corporation: Joseph H. Towell Named Chief Administrative Officer/Chief Credit Officer for Yadkin Valley
Published in Business and Finance on Thursday, March 26th 2009 at 14:30 GMT, Last Modified on 2009-03-26 14:31:02 by Market Wire
ELKIN, NC--(Marketwire - March 26, 2009) - Yadkin Valley Bank, Elkin, NC (
Mr. Towell has 31 years of banking/financial experience. Mr. Towell states, "I look forward to assuming this expanded role within the bank as we move forward in making this one of the premier financial institutions in the Southeast."
Mr. Towell earned his bachelor's degree from Appalachian State University in 1973. He also completed his MBA from Appalachian in 1978. He began his career as a Financial Analyst for the U.S. Department of Commerce, working there for 5 years before joining First Union Corporation in 1983. Towell remained with First Union through 2001 and most recently served as Portfolio Manager and Team Leader for leveraged loan investing with Putnam Investments in Boston, MA.
"Joe Towell's experience, loan underwriting skills, understanding of the need to maintain credit quality and his strong interpersonal skills are exactly what we're looking for as we continue to grow our bank and offer our customers the exceptional service they have come to expect when dealing with our bank," said William A. Long, President & CEO, Yadkin Valley Bank and Trust Company.
About Yadkin Valley Financial Corporation
Yadkin Valley Financial Corporation is the holding company for Yadkin Valley Bank and Trust Company, a full service community bank providing services in 29 branches throughout its four regions in North Carolina. The Yadkin Valley Bank region serves Ashe, Forsyth, Surry, Wilkes, and Yadkin Counties, and operates a loan production office in Wilmington, NC. The Piedmont Bank region serves Iredell and Mecklenburg Counties. The High Country Bank region serves Avery and Watauga Counties. The Cardinal State Bank region serves Durham, Orange, and Granville Counties. The Bank provides mortgage lending services through its subsidiary, Sidus Financial, LLC, headquartered in Greenville, North Carolina. Securities brokerage services are provided by Main Street Investment Services, Inc., a Bank subsidiary with four offices located in the branch network.
This news release contains forward-looking statements. Such statements are subject to certain factors that may cause the Company's results to vary from those expected. These factors include changing economic and financial market conditions, competition, ability to execute our business plan, items already mentioned in this press release, and other factors described in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's judgment only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events and circumstances that arise after the date hereof. The Company is subject to the risks and uncertainties described in its filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2007 and Quarterly Reports on Form 10Q for 2008. You should read those factors as being applicable to all related forward-looking statements wherever they appear in this press release. We do not assume any obligation to update any forward-looking statements.
