Business & Finance
Business and Finance
Business and Finance
Wed, April 8, 2009
Tue, April 7, 2009 Yadkin Valley Financial Corporation: Yadkin Valley Bank and Trust Names Marketing Executive
ELKIN, NC--(Marketwire - April 7, 2009) - Yadkin Valley Bank and Trust Company, Elkin, NC (
Arundell is an honors graduate of The University of North Carolina at Chapel Hill and an honors graduate and MBA in Finance and Marketing from Penn State University. He conducts extensive workshops and conferences in the industry on marketing strategies and sales effectiveness. Joe resides in Concord, NC and has one daughter, Corinne, who also attends The University of North Carolina.
In making the announcement, William A. Long, President and Chief Executive Officer of Yadkin Valley Financial Corporation, the parent of Yadkin Valley Bank and Trust Company, stated: "We are pleased to have someone with Joe Arundell's years of marketing experience join our Yadkin Valley Bank team. His extensive knowledge of our various markets should allow Joe to quickly impact the retail segment of our bank." Arundell will locate his office in Statesville, NC and will report to Stephen S. Robinson, Chief Operating Officer of Yadkin Valley Bank. Robinson stated: "I have a tremendous amount of respect for Joe's creative and technologic skills as he brings them to bear on the marketing function. Having worked with Joe successfully in the past, I feel sure he will take our company to the next level in product, service, and delivery. I am excited to have him a part of our management team."
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.
