YAVY Yadkin Financial Corporation (MM)

ELKIN, N.C., Dec. 21 /PRNewswire-FirstCall/ -- Yadkin Valley Bank and Trust Company (NASDAQ:YAVY) announced today a fourth quarter cash dividend of 11 cents per share that will be paid on January 27, 2006 to shareholders of record on January 6, 2006. The dividend provides an annualized return of 3.14% on yesterday's closing stock price of $14.00 per share. The Bank continues to expand as construction of a new branch in eastern Statesville, NC at the corner of East Broad Street and US Hwy 64 nears completion. The new branch, scheduled to open around January 10, 2006, will operate as Piedmont Bank, a Division of Yadkin Valley Bank and Trust Company. 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, Georgia, Alabama, Florida, Maryland, Kentucky, 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, Chief Financial Officer of Yadkin Valley Bank and Trust Company, +1-336-526-6313

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