YAVY Yadkin Financial Corporation (MM)

ELKIN, N.C., Sept. 22 /PRNewswire-FirstCall/ -- Yadkin Valley Bank and Trust Company (NASDAQ:YAVY) announced today that the third quarter cash dividend will be 11 cents per share and will be paid on October 28, 2005 to shareholders of record October 7, 2005. The dividend provides an annualized return of 3.26% on yesterday's closing stock price of $13.50 per share. The Bank is pleased to announce two recent branch openings. On August 4, 2005 the Bank opened a branch in Linville, North Carolina off Highway 181 in Linville Ridge under the regional name, High Country Bank, A Division of Yadkin Valley Bank and Trust Company. On September 6, 2005, the Bank opened a branch at 197 Medical Park Road in Mooresville, North Carolina under the name of Piedmont Bank, a Division of Yadkin Valley Bank and Trust Company. The Linville branch is the Bank's first office in Avery County, while the Medical Park branch is the third office in Mooresville and the fifth in Iredell County. Yadkin Valley Bank, a community bank headquartered in Elkin, North Carolina, serves customers from twenty-two full-service banking offices located in the piedmont, foothills and northwest mountains of North Carolina. Offices located in Jefferson and West Jefferson (Ashe County), Elkin (Surry County), North Wilkesboro and Wilkesboro (Wilkes County), and East Bend, Jonesville, and Yadkinville (Yadkin County) are operated under the Yadkin Valley Bank name. Offices in Mooresville and Statesville (Iredell County), and Cornelius and Huntersville (Mecklenburg County) are operated under the assumed name "Piedmont Bank". Offices in Boone (Watauga County) and Linville (Avery County) are operated under the assumed name "High Country Bank". Sidus Financial, LLC, a wholly-owned subsidiary with headquarters in Greenville, North Carolina, was acquired on October 1, 2004. Sidus provides mortgage banking services to customers in North Carolina, South Carolina, Georgia, Maryland, Tennessee, and Virginia. This news release contains forward-looking statements. Such statements are subject to certain factors that may cause the Bank'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 Federal Deposit Insurance Corporation. 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 Bank undertakes no obligation to publicly revise these forward-looking statements to reflect events and circumstances that arise after the date hereof. DATASOURCE: Yadkin Valley Bank and Trust Company CONTACT: Edwin E. Laws, Chief Financial Officer of Yadkin Valley Bank and Trust Company, +1-336-526-6313

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