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Yadkin Financial Corporation (NASDAQ: YDKN) and VantageSouth Bancshares, Inc. (NYSE: VSB) have announced that they have entered into an agreement for a transformational merger-of-equals of their two companies as well as their subsidiary banks, Yadkin Bank and VantageSouth Bank, pending regulatory and shareholder approval.
What does this mean to you? See below for a list of Frequently Asked Questions!
The name of the combined bank will be Yadkin Bank.
Yadkin Bank is committed to maintaining its community banking values, and customer service is at the top of that list. To ensure a smooth transition, customers can expect to receive communication letting them know exactly what will be happening and when. Most importantly, customers will continue to see the bankers they know at their local branches.
You will not see any changes to your account numbers, and you will continue to use your existing debit card and PIN. We will be working diligently to create a seamless transition and will continue to keep our combined customers informed of any changes that may take place with their accounts.
Yadkin will not be closing any branches as a result of this transaction.
The combined company will have approximately $4.0 billion in assets and more than 70 branches across the state of North Carolina and upstate South Carolina, creating the largest community banking organization headquartered in North Carolina - a true "mountains to the sea" franchise.
A combined view of our current branches is below, (click to view enlarge):
At Yadkin Bank, we are excited about the opportunities that await us as we work through transition, integration, and becoming the premier community banking organization in the Carolinas. For more details, please feel free to contact your local bank representative.