YAVY Yadkin Financial Corporation (MM)

ELKIN, N.C., Oct. 24 /PRNewswire-FirstCall/ -- Yadkin Valley Bank and Trust Company (NASDAQ:YAVY) plans to open a new branch in Statesville, North Carolina at the corner of East Broad Street Extension and US Highway 64 in early 2006. This branch will open under the name of Piedmont Bank, a Division of Yadkin Valley Bank and Trust Company, and will be Piedmont's third location in Statesville. The Bank plans to grow its market share in the eastern part of both Statesville and Iredell County with this new branch. According to the North Carolina Department of Commerce, Iredell County's population in July, 2005 was 139,135, a 13.4% increase since the 2000 census. The county's median household income from the 2000 census was $41,920, which ranked 11th out of North Carolina's 100 counties. Stephen S. Robinson, Regional President, commented on recent developments in the Piedmont Bank Division. "The new Medical Park Road office is off to a very good start! Gerald Huffman and his staff will do a wonderful job of serving the public and growing our business in this impressive facility. With the large Lake Norman Regional Medical complex and Lowe's Headquarters nearby, the future at this location looks very bright! We also cannot wait to get our new Highway 64 office open in Statesville by the first of the year. This location will be very successful also, as it serves an untapped area of East Statesville with the only banking service in that area. Our coming out of town to serve these citizens has already generated tremendous excitement among many of our customers and friends." 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, Virginia, Alabama, Georgia, Maryland, and Tennessee. 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, CFO of Yadkin Valley Bank and Trust Company, +1-336-526-6312

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